Premier (NASDAQ:PINC) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $2.55-2.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.61. The company issued revenue guidance of $1.655-1.721 billion.Premier also updated its FY19 guidance to $2.55-2.67 EPS.
A number of equities research analysts recently commented on PINC shares. Zacks Investment Research cut shares of Premier from a hold rating to a sell rating in a research note on Friday, April 12th. Leerink Swann lowered shares of Premier from an outperform rating to a market perform rating and set a $36.00 price objective on the stock. in a research note on Wednesday, April 10th. BidaskClub raised shares of Premier from a hold rating to a buy rating in a research report on Thursday, May 9th. Citigroup raised shares of Premier from a neutral rating to a buy rating and set a $45.00 price target for the company in a research report on Thursday, May 2nd. Finally, ValuEngine downgraded shares of Premier from a buy rating to a hold rating in a research report on Thursday, February 7th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $44.40.
Premier stock traded up $0.03 during midday trading on Thursday, hitting $37.03. The company’s stock had a trading volume of 535,700 shares, compared to its average volume of 752,918. The stock has a market cap of $4.68 billion, a PE ratio of 52.90, a price-to-earnings-growth ratio of 1.33 and a beta of 0.46. Premier has a 12 month low of $31.31 and a 12 month high of $47.22.
In related news, CFO Craig S. Mckasson sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $37.54, for a total value of $1,877,000.00. Following the completion of the sale, the chief financial officer now owns 135,709 shares of the company’s stock, valued at approximately $5,094,515.86. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 18.30% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Premier (PINC) Issues FY 2019 Earnings Guidance” was first published by Rockland Register and is the property of of Rockland Register. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://rocklandregister.com/2019/05/31/premier-pinc-issues-fy-2019-earnings-guidance.html.
Premier Company Profile
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.
Recommended Story: Consumer Price Index (CPI)
Receive News & Ratings for Premier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier and related companies with MarketBeat.com's FREE daily email newsletter.