Q3 2017 Earnings Forecast for Premier, Inc. Issued By Oppenheimer Holdings (PINC)

Premier, Inc. (NASDAQ:PINC) – Analysts at Oppenheimer Holdings decreased their Q3 2017 earnings estimates for Premier in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst M. Naidu now forecasts that the brokerage will earn $0.45 per share for the quarter, down from their previous estimate of $0.48. Oppenheimer Holdings has a “Buy” rating and a $40.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Premier’s Q4 2017 earnings at $0.49 EPS.

Premier (NASDAQ:PINC) last issued its earnings results on Monday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company earned $358.50 million during the quarter, compared to analyst estimates of $372.66 million. Premier had a net margin of 63.27% and a negative return on equity of 11.92%. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. ILLEGAL ACTIVITY NOTICE: This report was posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at http://sleekmoney.com/q3-2017-earnings-forecast-for-premier-inc-issued-by-oppenheimer-holdings-pinc/1656396.html.

Earnings History and Estimates for Premier (NASDAQ:PINC)

Several other brokerages have also weighed in on PINC. Zacks Investment Research upgraded shares of Premier from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, October 21st. J P Morgan Chase & Co restated an “overweight” rating on shares of Premier in a report on Friday, October 28th. Credit Suisse Group restated a “buy” rating and issued a $39.00 price objective on shares of Premier in a report on Friday, November 4th. Bank of America Corporation lowered shares of Premier from a “buy” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a report on Monday, November 7th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Premier in a report on Thursday, December 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. Premier presently has an average rating of “Buy” and an average target price of $37.64.

Shares of Premier (NASDAQ:PINC) opened at 31.33 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 15.11 and a beta of 0.50. Premier has a 52 week low of $28.27 and a 52 week high of $35.11. The firm’s 50 day moving average is $31.51 and its 200-day moving average is $31.43.

ILLEGAL ACTIVITY NOTICE: This report was posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at http://sleekmoney.com/q3-2017-earnings-forecast-for-premier-inc-issued-by-oppenheimer-holdings-pinc/1656396.html.

Large investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of Premier by 25.0% in the third quarter. Advisors Asset Management Inc. now owns 3,583 shares of the company’s stock valued at $116,000 after buying an additional 717 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Premier by 843.8% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,577 shares of the company’s stock valued at $116,000 after buying an additional 3,198 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Premier by 50.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,738 shares of the company’s stock valued at $152,000 after buying an additional 1,586 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Premier by 62.0% in the second quarter. Legal & General Group Plc now owns 4,775 shares of the company’s stock valued at $156,000 after buying an additional 1,828 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its stake in shares of Premier by 4.3% in the third quarter. Acrospire Investment Management LLC now owns 4,900 shares of the company’s stock valued at $158,000 after buying an additional 200 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

About Premier

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider 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.

5 Day Chart for NASDAQ:PINC

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