Brokerages expect that Primo Water Corporation (NASDAQ:PRMW) will announce sales of $69.61 million for the current quarter, according to Zacks. Three analysts have made estimates for Primo Water’s earnings. The lowest sales estimate is $68.41 million and the highest is $70.53 million. Primo Water reported sales of $40.36 million in the same quarter last year, which indicates a positive year over year growth rate of 72.5%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 21st.

According to Zacks, analysts expect that Primo Water will report full-year sales of $69.61 million for the current financial year, with estimates ranging from $286.17 million to $288.29 million. For the next year, analysts forecast that the business will report sales of $302.51 million per share, with estimates ranging from $300.21 million to $304.72 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Primo Water.

Several research firms have issued reports on PRMW. Barrington Research raised their price target on shares of 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 reaffirmed a “buy” rating and set a $17.50 price target on shares of Primo Water in a research note on Monday, August 7th. ValuEngine cut shares of Primo Water from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Primo Water from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.10.

Primo Water (PRMW) opened at $13.23 on Tuesday. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.99 and a quick ratio of 0.82. Primo Water has a twelve month low of $10.47 and a twelve month high of $15.39.

In other Primo Water news, Director Malcolm Mcquilkin sold 13,714 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $11.70, for a total transaction of $160,453.80. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 40,858 shares of company stock worth $479,169 over the last ninety days. 15.80% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PRMW. US Bancorp DE boosted its position in shares of Primo Water by 23.0% in the second 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 last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Primo Water in the second quarter worth approximately $159,000. Teton Advisors Inc. acquired a new stake in shares of Primo Water in the second quarter worth approximately $165,000. Nationwide Fund Advisors boosted its position in shares of Primo Water by 17.1% in the second quarter. Nationwide Fund Advisors now owns 14,328 shares of the company’s stock worth $182,000 after acquiring an additional 2,097 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Primo Water by 16.5% in the second quarter. Voya Investment Management LLC now owns 14,347 shares of the company’s stock worth $182,000 after acquiring an additional 2,028 shares during the last quarter. 68.74% of the stock is currently owned by institutional investors and hedge funds.

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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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