Will stock surge before Earnings results? Premier Stock Forecast, Price & News (NASDAQ:PINC)

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Earnings results for Premier Stock Forecast, Price & News (NASDAQ:PINC)

Premier, Inc. is expected* to report earnings on 08/25/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.56. The reported EPS for the same quarter last year was $0.57.

Analyst Opinion on Premier Stock Forecast, Price & News (NASDAQ:PINC)

12 Wall Street analysts have issued ratings and price targets for Premier in the last 12 months. Their average twelve-month price target is $38.60, predicting that the stock has a possible upside of 14.54%. The high price target for PINC is $44.00 and the low price target for PINC is $32.00. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Premier has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings. According to analysts’ consensus price target of $38.60, Premier has a forecasted upside of 14.5% from its current price of $33.70. Premier has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Premier Stock Forecast, Price & News (NASDAQ:PINC)

Premier does not currently pay a dividend. Premier does not have a long track record of dividend growth. Based on earnings estimates, Premier will have a dividend payout ratio of 32.07% next year. This indicates that Premier will be able to sustain or increase its dividend.

Insiders buying/selling: Premier Stock Forecast, Price & News (NASDAQ:PINC)

In the past three months, Premier insiders have not sold or bought any company stock. Only 17.67% of the stock of Premier is held by insiders. 53.51% of the stock of Premier is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Premier Stock Forecast, Price & News (NASDAQ:PINC

Earnings for Premier are expected to decrease by -8.49% in the coming year, from $2.59 to $2.37 per share. The P/E ratio of Premier is -3.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Premier is -3.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Premier has a PEG Ratio of 1.33. PEG Ratios above 1 indicate that a company could be overvalued.

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