Equities analysts forecast that Primo Water Co. (NASDAQ:PRMW) will report earnings per share of $0.02 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Primo Water’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.01. Primo Water reported earnings per share of ($0.39) during the same quarter last year, which would suggest a positive year over year growth rate of 105.1%. The company is expected to issue its next quarterly earnings report on Wednesday, March 21st.
According to Zacks, analysts expect that Primo Water will report full year earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.24). For the next year, analysts expect that the firm will report earnings of $0.32 per share, with EPS estimates ranging from $0.28 to $0.37. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Primo Water.
A number of research analysts have weighed in on PRMW shares. ValuEngine upgraded Primo Water from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Primo Water from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Barrington Research lifted their target price on Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. B. Riley reiterated a “buy” rating and set a $17.50 target price on shares of Primo Water in a research note on Wednesday, November 8th. Finally, BidaskClub downgraded Primo Water from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $17.10.
Primo Water (PRMW) traded down $0.26 during mid-day trading on Thursday, reaching $12.55. The company’s stock had a trading volume of 69,268 shares, compared to its average volume of 197,170. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 3.99. Primo Water has a 12-month low of $10.47 and a 12-month high of $15.39.
In other news, CFO Mark Castaneda sold 30,569 shares of Primo Water stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $13.00, for a total transaction of $397,397.00. Following the completion of the transaction, the chief financial officer now directly owns 236,113 shares in the company, valued at approximately $3,069,469. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of Primo Water by 23.0% during the 2nd quarter. US Bancorp DE now owns 12,159 shares of the company’s stock worth $155,000 after acquiring an additional 2,275 shares during the period. Thompson Davis & CO. Inc. bought a new stake in Primo Water in the 2nd quarter valued at $159,000. Teton Advisors Inc. bought a new stake in Primo Water in the 2nd quarter valued at $165,000. Nationwide Fund Advisors boosted its stake in Primo Water by 17.1% in the 2nd quarter. Nationwide Fund Advisors now owns 14,328 shares of the company’s stock valued at $182,000 after purchasing an additional 2,097 shares during the period. Finally, Voya Investment Management LLC boosted its stake in Primo Water by 16.5% in the 2nd quarter. Voya Investment Management LLC now owns 14,347 shares of the company’s stock valued at $182,000 after purchasing an additional 2,028 shares during the period. Institutional investors own 68.61% of the company’s stock.
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Primo Water Company Profile
Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).
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