Premier Inc. Reports Fiscal 2016 Fourth-Quarter and Full-Year Results
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Go back to Premier Inc. Reports Fiscal 2016 Fourth-Quarter and Full-Year Results
August 23, 2016 6:40 AM EDT
Evercore ISI downgraded Premier, Inc. (NASDAQ: PINC) from Buy to Hold with a price target of $34.00 (from $36.50).
Analyst Ross Muken commented, "Post assuming coverage of Premier we have witnessed mixed operating performance, with challenges in the PS segment (core growth has decelerated from HSD to flattish, while EBITDA margins have declined >500bp) overshadowing strong growth across Supply Chain (HSD net admin fee and DD product growth). Unfortunately, despite steps taken... More
August 22, 2016 4:04 PM EDT
Premier (NASDAQ: PINC) reported Q4 EPS of $0.36, $0.02 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $301.4 million versus the consensus estimate of $300.32 million.
GUIDANCE:
Premier sees FY2017 EPS of $1.71-$1.82. Premier sees FY2017 revenue of $1.451-1.500... More
