With 1.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.01 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $23.38 whereas the lowest price it dropped to was $22.9. The 52-week range on PINC shows that it touched its highest point at $23.43 and its lowest point at $17.95 during that stretch. It currently has a 1-year price target of $21.00. With its current market cap of 2.22 billion, PINC has annualized dividend of $0.84 while the current yield stands at 3.64%. Beta for the stock currently stands at 0.41.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PINC was up-trending over the past week, with a rise of 14.54%, but this was up by 19.77% over a month. Three-month performance surged to 15.52% while six-month performance rose 16.80%. The stock gained 16.98% in the past year, while it has gained 3.22% so far this year. A look at the trailing 12-month EPS for PINC yields 1.37 with Next year EPS estimates of 1.34. For the next quarter, that number is 0.29. This implies an EPS growth rate of -46.16% for this year and 5.26% for next year.
Float and Shares Shorts:
At present, 105.03 million PINC shares are outstanding with a float of 96.04 million shares on hand for trading. On 2024-10-15, short shares totaled 6.45 million, which was 664.0 higher than short shares on 1726185600. In addition to Mr. Michael J. Alkire as the firm’s President, CEO & Director, Mr. Craig Steven McKasson serves as its CFO, Chief Administrative Officer & Senior VP.
Institutional Ownership:
Through their ownership of 0.92154 of PINC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PINC reported revenue of $248142000.0 and operating income of $35315000.0. The EBITDA in the recently reported quarter was $64603000.0 and diluted EPS was $0.7.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PINC since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PINC analysts setting a high price target of 24.0 and a low target of 19.0, the average target price over the next 12 months is 21.25. Based on these targets, PINC could surge 3.99% to reach the target high and fall by -17.68% to reach the target low. Reaching the average price target will result in a decline of -7.93% from current levels.
Analysts have provided yearly estimates in a range of $2.1876 being high and $2.1575 being low. For PINC, this leads to a yearly average estimate of $2.17757. The surprise factor in the prior quarter was $0.49. Based on analyst estimates, the high estimate for the next quarter is $0.33 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.3.
