Wall Street brokerages expect that Premier Inc (NASDAQ:PINC) will announce earnings per share of $0.66 for the current quarter, Zacks reports. Nine analysts have issued estimates for Premier’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.63. Premier posted earnings per share of $0.52 during the same quarter last year, which indicates a positive year-over-year growth rate of 26.9%. The company is expected to announce its next quarterly earnings report on Monday, May 14th.

According to Zacks, analysts expect that Premier will report full-year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.06 to $2.30. For the next fiscal year, analysts anticipate that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.17 to $2.72. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Premier.

Premier (NASDAQ:PINC) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $393.35 million. Premier had a negative return on equity of 19.94% and a net margin of 14.14%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share.

A number of equities research analysts recently weighed in on PINC shares. Robert W. Baird reissued a “buy” rating and set a $35.00 target price on shares of Premier in a research report on Friday, November 10th. SunTrust Banks reissued a “buy” rating and set a $38.00 target price on shares of Premier in a research report on Thursday. Benchmark started coverage on Premier in a research report on Thursday. They set a “buy” rating and a $40.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Premier in a research report on Tuesday. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of Premier in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.86.

Premier (NASDAQ PINC) traded up $0.32 during mid-day trading on Friday, reaching $31.60. The company had a trading volume of 1,085,424 shares, compared to its average volume of 763,540. Premier has a fifty-two week low of $27.16 and a fifty-two week high of $36.50. The firm has a market capitalization of $4,365.19, a P/E ratio of -9.69, a PEG ratio of 1.25 and a beta of 0.50. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of -0.01.

In other Premier news, Director Stephen R. D’arcy sold 3,967 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $31.72, for a total transaction of $125,833.24. Following the completion of the transaction, the director now owns 11,233 shares in the company, valued at $356,310.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.52% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake in Premier by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock worth $157,000 after purchasing an additional 315 shares during the period. Voya Investment Management LLC lifted its stake in Premier by 2.5% during the second quarter. Voya Investment Management LLC now owns 15,889 shares of the company’s stock worth $572,000 after purchasing an additional 382 shares during the period. Alliancebernstein L.P. lifted its stake in Premier by 2.3% during the second quarter. Alliancebernstein L.P. now owns 32,057 shares of the company’s stock worth $1,154,000 after purchasing an additional 708 shares during the period. California State Teachers Retirement System lifted its stake in Premier by 1.0% during the second quarter. California State Teachers Retirement System now owns 93,550 shares of the company’s stock worth $3,368,000 after purchasing an additional 888 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Premier by 30.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,796 shares of the company’s stock worth $173,000 after purchasing an additional 1,132 shares during the period. Hedge funds and other institutional investors own 39.52% of the company’s stock.

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About Premier

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,900 United States hospitals and health systems and approximately 150,000 other providers and organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

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Earnings History and Estimates for Premier (NASDAQ:PINC)

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