Investing in Premier Inc. (PINC) is a safe bet with a significant edge

Premier Inc. (NASDAQ: PINC) closed the day trading at $25.82 down -1.94% from the previous closing price of $26.33. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 1525409 shares were traded. PINC stock price reached its highest trading level at $26.28 during the session, while it also had its lowest trading level at $25.77.

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For a better understanding of PINC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.05.

Upgrades & Downgrades

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PINC now has a Market Capitalization of 3.20B and an Enterprise Value of 3.69B. As of this moment, Premier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.86, and their Forward P/E ratio for the next fiscal year is 9.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 2.76 whereas that against EBITDA is 8.93.

Stock Price History:

Over the past 52 weeks, PINC has reached a high of $38.98, while it has fallen to a 52-week low of $25.91. The 50-Day Moving Average of the stock is 30.44, while the 200-Day Moving Average is calculated to be 32.99.

Shares Statistics:

Over the past 3-months, PINC traded about 696.78K shares per day on average, while over the past 10 days, PINC traded about 821.17k shares per day. A total of 118.87M shares are outstanding, with a floating share count of 118.19M. Insiders hold about 0.90% of the company’s shares, while institutions hold 70.60% stake in the company. Shares short for PINC as of Apr 27, 2023 were 2.77M with a Short Ratio of 2.77M, compared to 2.65M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.33% and a Short% of Float of 2.34%.

Dividends & Splits

PINC’s forward annual dividend rate is 0.84, up from 0.83 a year ago. Against a Trailing Annual Dividend Yield of 3.15%, it implies a Forward Annual Dividend Yield of 3.19%.

Earnings Estimates

Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $0.65 for the current quarter, with a high estimate of $0.69 and a low estimate of $0.61, while EPS last year was $0.61. The consensus estimate for the next quarter is $0.6, with high estimates of $0.65 and low estimates of $0.5.

Analysts are recommending an EPS of between $2.5 and $2.43 for the fiscal current year, implying an average EPS of $2.47. EPS for the following year is $2.65, with 11 analysts recommending between $2.87 and $2.4.

Revenue Estimates

10 analysts predict $356.32M in revenue for the current quarter. It ranges from a high estimate of $363.9M to a low estimate of $349.36M. As of the current estimate, Premier Inc.’s year-ago sales were $340.71M, an estimated increase of 4.60% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $338.7M, an increase of 3.60% less than the figure of $4.60% in the same quarter last year. There is a high estimate of $345.8M for the next quarter, whereas the lowest estimate is $330.26M.

A total of 11 analysts have provided revenue estimates for PINC’s current fiscal year. The highest revenue estimate was $1.36B, while the lowest revenue estimate was $1.35B, resulting in an average revenue estimate of $1.35B. In the same quarter a year ago, actual revenue was $1.43B, down -5.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $1.44B in the next fiscal year. The high estimate is $1.46B and the low estimate is $1.42B. The average revenue growth estimate for next year is up 6.50% from the average revenue estimate for this year.