Premier (NASDAQ:PINC) released its quarterly earnings results on Tuesday. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02, Briefing.com reports. The company had revenue of $302.40 million for the quarter, compared to analyst estimates of $295.50 million. Premier had a net margin of 17.74% and a negative return on equity of 40.78%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share.

Shares of NASDAQ PINC traded up $0.11 during trading on Friday, hitting $37.46. The company had a trading volume of 25,159 shares, compared to its average volume of 888,067. The stock has a fifty day simple moving average of $32.20 and a two-hundred day simple moving average of $36.10. Premier has a fifty-two week low of $27.37 and a fifty-two week high of $42.00. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.50 and a beta of 0.34.

Several analysts recently commented on PINC shares. Jefferies Financial Group set a $43.00 price target on shares of Premier and gave the company a “buy” rating in a research report on Thursday, September 26th. UBS Group lowered shares of Premier from a “buy” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $38.00 in a research report on Thursday, October 31st. Credit Suisse Group restated a “neutral” rating and set a $42.00 price target (down previously from $43.00) on shares of Premier in a research report on Tuesday, August 13th. Robert W. Baird set a $46.00 price target on shares of Premier and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Canaccord Genuity upgraded shares of Premier from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.56.

In other news, Director William E. Mayer sold 4,000 shares of Premier stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $37.45, for a total value of $149,800.00. Following the sale, the director now owns 13,763 shares in the company, valued at $515,424.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig S. Mckasson sold 2,287 shares of Premier stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $37.00, for a total transaction of $84,619.00. Following the completion of the sale, the chief financial officer now owns 117,058 shares in the company, valued at approximately $4,331,146. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,315 shares of company stock worth $416,586. Company insiders own 17.67% of the company’s stock.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. The company operates through two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding services and software-as-a-service informatics products.

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Earnings History for Premier (NASDAQ:PINC)

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