Wall Street brokerages expect that Primo Water Corporation (NASDAQ:PRMW) will post earnings per share of $0.02 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Primo Water Corporation’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.01. Primo Water Corporation reported earnings per share of ($0.39) in the same quarter last year, which suggests a positive year over year growth rate of 105.1%. The business is expected to issue its next quarterly earnings results 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 year, analysts forecast that the company will report earnings of $0.32 per share, with EPS estimates ranging from $0.28 to $0.37. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Primo Water Corporation.

PRMW has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and issued a $17.50 price target on shares of Primo Water Corporation in a research note 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 target for the company in a research note on Friday, November 10th. ValuEngine upgraded Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Barrington Research raised their price target on Primo Water Corporation from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. One 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $17.10.

Primo Water Corporation (NASDAQ:PRMW) traded down $0.02 during mid-day trading on Wednesday, reaching $12.65. The company’s stock had a trading volume of 83,378 shares, compared to its average volume of 195,838. 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 12-month low of $10.47 and a 12-month high of $15.39.

In related news, Director Malcolm Mcquilkin sold 13,714 shares of Primo Water Corporation stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $11.70, for a total transaction of $160,453.80. Following the completion of the sale, the director now directly owns 101,246 shares of the company’s stock, valued at approximately $1,184,578.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 40,858 shares of company stock valued at $479,169. 15.80% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in PRMW. HighTower Advisors LLC raised its holdings in 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 in the last quarter. US Bancorp DE raised its holdings in Primo Water Corporation by 23.0% in the 2nd quarter. US Bancorp DE now owns 12,159 shares of the company’s stock valued at $155,000 after acquiring an additional 2,275 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in Primo Water Corporation in the 2nd quarter valued at $159,000. Teton Advisors Inc. bought a new position in shares of Primo Water Corporation in the 2nd quarter valued at $165,000. Finally, American International Group Inc. increased its stake 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 purchasing an additional 910 shares during the last quarter. 63.13% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Primo Water Corporation (NASDAQ:PRMW)

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