On Thursday, August 4, Premier, Inc., which trades under the symbol NASDAQ: PINC, released a statement confirming the payment of a quarterly dividend. Shareholders whose records were up to date as of September 1 will be eligible to receive the dividend payment, which will be 0.21 cents per share and will be disbursed to such shareholders.
It leads to an annual dividend payment of $0.84 and a dividend yield of 2.31% due to this situation. Please remember that the ex-dividend date is August 31, which falls on a Wednesday. The most recent dividend payment from Premier was increased to $0.25 every quarter, up from the previous payout of $0.20. The dividend payout ratio for Premier stands at 31.6%, which suggests that the company can effectively cover its dividend with its profits.
Because of the firm’s good financial situation, Premier should be able to meet its yearly dividend payment of $0.84. The predicted earnings per share for the company is $2.59, and the estimated payout ratio is 32.4%. PINC stock was first sold on Tuesday for $36.39 a share. The current ratio is 0.86, the quick and quick ratios are both 0.70, and the debt-to-equity ratio is also 0.70. There is no debt-to-equity ratio. The current ratio is 0.86. The market capitalization of the firm is currently sitting at $4.30 billion. It has a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.54, and a beta value of 0.32.
The stock price has hit $37.25, its fifty-day simple moving average reached $36.69, while its 200-day simple moving average reached $36.69. Premier reached a new all-time high of $42.15 last year, while it hit a new all-time low of $34.28. Premier (NASDAQ: PIN) released its most recent quarterly earnings report on Tuesday, August 16. The firm reported earnings per share (EPS) for the quarter at $0.61, which was $0.01 more than the average expectation of $0.60 per share for the period. The rate of return on equity for the company came in at 11.98%, and the net margin for the company was 18.55%.
The actual revenue for the quarter came in at $340.70 million, which was much more than the analysts’ average forecast of $332.88 million for the amount of revenue that would be generated during the quarter. The same quarter of the previous year saw the same level of financial success for the corporation, with earnings of $0.55 per share. Compared to the same period the prior year, Premier’s most recent fiscal quarter saw a revenue decrease of 29.2%.
According to projections made by market experts, Premier is expected to generate earnings of $2.35 per share in the current fiscal year. The percentage of the company’s stock owned by various institutional investors, such as hedge funds, has increased due to recent transactions. The ownership stake that Vanguard Group Inc. holds in Premier increased by 3.6% during the first quarter of the fiscal year. After purchasing an additional 390,512 shares of the company’s stock during the most recent fiscal quarter, Vanguard Group Inc. now owns a total of 11,216,796 shares of the company’s stock.
During the first three months of the year, Dimensional Fund Advisors LP increased the proportion of Premier it owned by 6.8 percentage points. Following the acquisition of 192,419 additional shares over the quarter, Dimensional Fund Advisors LP now holds 3,031,270 shares of the corporation’s stock in its portfolio. The current value of the company’s stock is calculated to be $107,889,000. First Trust Advisors LP boosted the amount of Premier owned by 9.2% during the first three months of 2018.
First Trust Advisors LP now holds a total of 2,459,509 shares of the company, worth $87,534,000, after making an additional 206,525 shares during the most recent quarter. The amount of Premier that State Street Corporation possessed as of the end of the first quarter was boosted by 3.0% thanks to this company. Following the acquisition of an additional 63,399 shares during the quarter, State Street Corp. now owns 2,172,151 shares in the firm.
The value of these shares is $77,307,000. To keep up with its competitors, Charles Schwab Investment Management Inc. increased the amount of Premier it manages for stocks and funds by 3.4% during the first quarter. Charles Schwab Investment Management Inc. now holds 978,316 shares of the company’s stock, which is $34,819,000. This resulted from the acquisition of 31,970 additional shares during the preceding quarter. Institutional investors hold the company’s equity in a majority share (68.18%) capacity. Several industry analysts have recently offered their insights regarding the company in question. Benchmark raised its price target on Premier from $44.00 to $46.00 in a research report issued on Wednesday, August 24.
They also rated the stock as a “buy.” In a research report that was made public on August 17, Canaccord Genuity Group announced that they had lifted their target price on Premier from $44.00 to $46.00. In addition to that, they recommended purchasing shares of the corporation. In a research report that was made public on August 17, Canaccord Genuity Group announced that they had increased their price target for Premier by $4.00, bringing it up to $46.00. Credit Suisse Group upgraded its “underperform” rating on Premier shares and set its price objective for the company’s stock at $35.00 in a research report made public on Wednesday, August 17, in a research report that Credit Suisse Group upgraded.
In a research note issued on May 4, Piper Sandler increased their price target for Premier from $39.00 to $45.00 and upgraded the stock from “neutral” to “overweight.” Three equity research analysts have given the firm’s shares a recommendation to sell; one analyst has given the stock a recommendation to hold, and six industry professionals have given the stock a recommendation to buy.
According to Bloomberg, the current rating for the company is “Hold,” and analysts have set a price objective of $42.83 on average for the share price of the company. Premier, Inc. of the United States and its many subsidiary companies have placed a significant emphasis on improving the standard of medical care as one of their top priorities. It can be divided into two basic groups: performance services and supply chain services. The Supply Chain Services division of the organization makes it possible for customers to obtain access to a comprehensive range of products and services.
Some examples include clinical engineering, workforce solutions, capital equipment, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, food and nutrition products, medical and surgical products, and capital equipment.
Other examples include capital equipment.