Brokerages predict that Primo Water Corporation (NASDAQ:PRMW) will announce $0.02 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Primo Water Corporation’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. Primo Water Corporation reported earnings per share of ($0.39) in the same quarter last year, which would indicate a positive year over year growth rate of 105.1%. The company is scheduled to announce its next earnings report on Wednesday, March 21st.
On average, analysts expect that Primo Water Corporation will report full year earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.24). For the next fiscal year, analysts forecast that the business will post earnings of $0.32 per share, with EPS estimates ranging from $0.28 to $0.37. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Primo Water Corporation.
A number of brokerages have recently weighed in on PRMW. B. Riley restated a “buy” rating and set a $17.50 price objective on shares of Primo Water Corporation in a research report on Monday, August 7th. Zacks Investment Research upgraded Primo Water Corporation from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday, November 10th. ValuEngine lowered Primo Water Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Barrington Research raised their price objective on Primo Water Corporation from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Primo Water Corporation has an average rating of “Hold” and a consensus price target of $17.10.
Several large investors have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its holdings in shares of Primo Water Corporation by 2.9% in the 1st quarter. HighTower Advisors LLC now owns 10,600 shares of the company’s stock valued at $145,000 after acquiring an additional 300 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Primo Water Corporation by 1.8% in the 2nd quarter. California State Teachers Retirement System now owns 44,879 shares of the company’s stock valued at $570,000 after acquiring an additional 800 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Primo Water Corporation by 7.5% in the 1st quarter. American International Group Inc. now owns 13,052 shares of the company’s stock valued at $177,000 after acquiring an additional 910 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Primo Water Corporation by 1.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 129,086 shares of the company’s stock valued at $1,639,000 after acquiring an additional 1,620 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Primo Water Corporation 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 acquiring an additional 2,028 shares during the last quarter. 63.13% of the stock is owned by hedge funds and other institutional investors.
Shares of Primo Water Corporation (PRMW) traded down $0.07 during trading on Wednesday, hitting $12.83. The stock had a trading volume of 89,256 shares, compared to its average volume of 206,030. 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 Corporation has a 52-week low of $10.47 and a 52-week high of $15.39.
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Primo Water Corporation 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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