Analysts predict that Primo Water Corporation (NASDAQ:PRMW) will post $0.02 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Primo Water’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. Primo Water reported earnings per share of ($0.39) during the same quarter last year, which suggests a positive year-over-year growth rate of 105.1%. The company is expected to issue its next quarterly earnings results 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 year, with EPS estimates ranging from ($0.29) to ($0.24). For the next financial 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 Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Primo Water.

A number of equities analysts have recently commented on the stock. B. Riley reiterated a “buy” rating and set a $17.50 price target on shares of Primo Water in a report on Monday, August 7th. Zacks Investment Research lowered shares of Primo Water from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. ValuEngine lowered shares of Primo Water from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Barrington Research lifted their price target on shares of Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. One 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.10.

In related news, Director Malcolm Mcquilkin sold 16,062 shares of Primo Water stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $11.66, for a total transaction of $187,282.92. Following the completion of the transaction, the director now owns 105,345 shares of the company’s stock, valued at $1,228,322.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 40,858 shares of company stock valued at $479,169 in the last three months. 15.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in PRMW. William Blair Investment Management LLC bought a new position in Primo Water during the second quarter worth $7,010,000. Elk Creek Partners LLC increased its stake in Primo Water by 22.8% in the third quarter. Elk Creek Partners LLC now owns 761,585 shares of the company’s stock valued at $9,025,000 after purchasing an additional 141,586 shares in the last quarter. Argent Capital Management LLC bought a new stake in Primo Water in the second quarter valued at $1,631,000. Monarch Partners Asset Management LLC increased its stake in Primo Water by 116.8% in the second quarter. Monarch Partners Asset Management LLC now owns 215,730 shares of the company’s stock valued at $2,740,000 after purchasing an additional 116,220 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Primo Water by 50.5% in the second quarter. Russell Investments Group Ltd. now owns 326,015 shares of the company’s stock valued at $4,141,000 after purchasing an additional 109,374 shares in the last quarter. 68.74% of the stock is owned by institutional investors and hedge funds.

Shares of Primo Water (NASDAQ PRMW) traded down $0.01 during trading hours on Friday, hitting $13.10. 334,091 shares of the stock were exchanged, compared to its average volume of 188,369. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 3.99. Primo Water has a 52 week low of $10.47 and a 52 week high of $15.39.

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About Primo Water

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 (NASDAQ:PRMW)

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