Several brokerage firms at Wall Street have predicted the stocks of PINC to post a sales sum of $354.04 million for the present quarter. According to reports, nine of the investment analysts working at the firm have already provided estimates into the earnings of the company. The range begins at $303.72 million to reach $430.10 million. PINC did post a sales sum of $334.82 million- which is indicative of a positive annual growth rate of about 5.7%. Premier will upload their next quarterly results on the 4th of May.
The Quarterly Estimates of PINC
PINC previously updated its quarterly results on the 2nd of February. The EPS reported by the company over the quarter was $0.65, which was comprehensively more than the analyst estimate at $0.54. The company also had a 65.8% return on its equity- along with a 3.26% net margin. The revenue generated by the company over the quarter was $422.80 million, which was more than the consensus estimate of $338.92 million.
There have been quite a few companies that have commented on the stocks of PINC. Raymond James has already increased the price target on the company from $37 to $39, along with a rating of outperform in a Wednesday research note.
Piper Sandler has also increased the price target of the company from $32, to $36, along with a neutral rating in a Thursday research note. Jefferies Financial Group has lowered the rating of the firm from buy to hold- and has set up a price target of $40 which was later published in an 8th January research note. Berenberg Bank was yet another brokerage that decided to invest in PINC, having set up a rating of buy, with a price target of $42.
Two of the research equities involved with the stocks have given it a rating of sell, while six others have provided PINC with a rating of hold. Eight other investment analysts have given the stocks of the company a rating of buy. Currently, PINC has an average hold rating, along with a $38.31 price target.
