After finishing at $21.37 in the prior trading day, Premier Inc (NASDAQ: PINC) closed at $20.92, down -2.11%. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 1343526 shares were traded.
Ratios:
Our goal is to gain a better understanding of PINC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.18. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Market Perform rating and assigned the stock a target price of $22.50.
On January 03, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $22.
Piper Sandler Downgraded its Overweight to Neutral on August 23, 2023, whereas the target price for the stock was revised from $44 to $25.
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 2.56B and an Enterprise Value of 2.36B. As of this moment, Premier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.00, and their Forward P/E ratio for the next fiscal year is 8.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 1.79 whereas that against EBITDA is 6.31.
Stock Price History:
Over the past 52 weeks, PINC has reached a high of $33.58, while it has fallen to a 52-week low of $18.89. The 50-Day Moving Average of the stock is 21.42, while the 200-Day Moving Average is calculated to be 22.66.
Shares Statistics:
The stock has traded on average 1.67M shares per day over the past 3-months and 2.12M shares per day over the last 10 days, according to various share statistics. A total of 119.16M shares are outstanding, with a floating share count of 118.75M. Insiders hold about 0.89% of the company’s shares, while institutions hold 76.05% stake in the company. Shares short for PINC as of Mar 15, 2024 were 6.31M with a Short Ratio of 3.77, compared to 4.4M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.26% and a Short% of Float of 6.93%.
Dividends & Splits
In the trailing 12 months, PINC’s forward annual dividend rate was 0.84, compared to 0.84 this year. Against a Trailing Annual Dividend Yield of 3.93%, it implies a Forward Annual Dividend Yield of 3.86%.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. On average, analysts expect EPS of $0.48 for the current quarter, with a high estimate of $0.5 and a low estimate of $0.46, while EPS last year was $0.58. The consensus estimate for the next quarter is $0.52, with high estimates of $0.56 and low estimates of $0.48.
Analysts are recommending an EPS of between $2.18 and $2.12 for the fiscal current year, implying an average EPS of $2.15. EPS for the following year is $2.35, with 9 analysts recommending between $2.51 and $2.26.
Revenue Estimates
8 analysts predict $318.58M in revenue for the current quarter. It ranges from a high estimate of $325.78M to a low estimate of $308.01M. As of the current estimate, Premier Inc’s year-ago sales were $322.23M, an estimated decrease of -1.10% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $324.47M, a decrease of -4.70% less than the figure of -$1.10% in the same quarter last year. There is a high estimate of $330.58M for the next quarter, whereas the lowest estimate is $320.73M.
A total of 9 analysts have provided revenue estimates for PINC’s current fiscal year. The highest revenue estimate was $1.31B, while the lowest revenue estimate was $1.29B, resulting in an average revenue estimate of $1.3B. In the same quarter a year ago, actual revenue was $1.34B, down -2.90% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.33B in the next fiscal year. The high estimate is $1.36B and the low estimate is $1.29B. The average revenue growth estimate for next year is up 2.40% from the average revenue estimate for this year.
