Analyst Expects Premier Inc. (NASDAQ: PINC) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Premier Inc. (PINC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $27.41. The Premier Inc. has recorded 23,377 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Premier, Inc. Evaluating Strategic Alternatives.

Stocks Info

As a NASDAQ listed company, PINC falls under the Healthcare sector while operating within the Health Information Services industry segment. At the end of the last regular session, the stock closed at $27.41 and fluctuated between $27.61 as its day high and $27.04 as its day low. The current market capitalization of Premier Inc. is $3.25B. A total of 1.65 million shares were traded on the day, compared to an average of 673.51K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PINC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 15 SELLs from insiders. Insiders purchased 369,352 shares during that period but sold 106,589.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Premier Inc. pays an annual dividend of $0.84, resulting in a dividend yield of 3.06%, and it has a price to earnings (P/E) ratio of 17.90. PINC’s most recent ex-dividend date was 5/31/2023 when it declared a $0.21 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/15/2023 with an ex-dividend date of 2/28/2023. The PINC stock dividend was $0.21 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PINC in the last 3 months, the mean price target is $33.50 with high estimates of $44.00 and low estimates of $26.00. In terms of 52-week highs and lows, PINC has a high of $38.98 and a low of $25.91.

As of this writing, PINC has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.61. The company reported an EPS of $0.72 in the last quarter, which was 9.10% higher than expectations of $0.66.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PINC’s latest balance sheet shows that the firm has $86.14M in Cash & Short Term Investments as of fiscal 2022. There were $487.29M in debt and $753.14M in liabilities at the time. Its Book Value Per Share was $19.65, while its Total Shareholder’s Equity was $2.25B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PINC is Buy with a score of 4.00.