Equities analysts expect Primo Water Co. (NASDAQ:PRMW) to announce earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Primo Water’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.01. Primo Water posted 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 firm is expected to issue its next 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 business will report earnings of $0.32 per share, with EPS estimates ranging from $0.28 to $0.37. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Primo Water.
Primo Water (NASDAQ:PRMW) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $82.21 million during the quarter, compared to the consensus estimate of $77.60 million. Primo Water had a negative return on equity of 32.85% and a negative net margin of 8.17%.
Primo Water (NASDAQ PRMW) opened at $12.20 on Friday. The firm has a market capitalization of $364.38, a price-to-earnings ratio of -17.68, a price-to-earnings-growth ratio of 3.83 and a beta of -0.32. 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 1 year low of $10.47 and a 1 year high of $15.29.
In other news, Director David L. Warnock sold 33,226 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $12.37, for a total value of $411,005.62. Following the sale, the director now directly owns 25,157 shares of the company’s stock, valued at approximately $311,192.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Camden Partners Strategic Fund sold 58,383 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $12.35, for a total transaction of $721,030.05. The disclosure for this sale can be found here. Insiders sold a total of 130,295 shares of company stock worth $1,636,440 over the last ninety days. Insiders own 15.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. 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 worth $182,000 after purchasing an additional 2,097 shares in the last quarter. 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 worth $182,000 after purchasing an additional 2,028 shares in the last quarter. Alliancebernstein L.P. bought a new position in Primo Water in the 2nd quarter worth about $218,000. The Manufacturers Life Insurance Company boosted its stake in Primo Water by 20.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,080 shares of the company’s stock worth $267,000 after purchasing an additional 3,625 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake in Primo Water by 70.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 21,250 shares of the company’s stock worth $252,000 after purchasing an additional 8,750 shares in the last quarter. Institutional investors own 70.03% of the company’s stock.
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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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