Premier (PINC) to Release Quarterly Earnings on Tuesday

Premier (NASDAQ:PINC) is scheduled to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Premier to post earnings of $0.42 per share for the quarter. Premier has set its FY 2024 guidance at 2.060-2.180 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Premier (NASDAQ:PINC) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $334.75 million for the quarter, compared to analysts’ expectations of $338.55 million. Premier had a return on equity of 11.60% and a net margin of 12.71%. On average, analysts expect Premier to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Premier Trading Up 1.0 %

Shares of NASDAQ:PINC opened at $21.16 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. Premier has a 12-month low of $18.89 and a 12-month high of $33.43. The company has a market cap of $2.54 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 5.33 and a beta of 0.38. The stock has a 50 day moving average of $21.24 and a 200 day moving average of $21.20.

Premier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.97%. Premier’s dividend payout ratio (DPR) is presently 60.43%.

Wall Street Analyst Weigh In

PINC has been the subject of several recent analyst reports. StockNews.com downgraded shares of Premier from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Barclays started coverage on Premier in a research note on Wednesday, January 3rd. They issued an “equal weight” rating and a $22.00 price objective for the company. SVB Leerink assumed coverage on Premier in a research note on Monday, February 26th. They set a “market perform” rating and a $22.50 target price on the stock. Finally, Leerink Partnrs reaffirmed a “market perform” rating on shares of Premier in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.15.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an 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 workforce solutions.