$0.02 Earnings Per Share Expected for Primo Water Co. (PRMW) This Quarter

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%.

PRMW has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Primo Water from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, November 10th. B. Riley reaffirmed a “buy” rating and issued a $17.50 target price on shares of Primo Water in a research report on Wednesday, November 8th. BidaskClub raised shares of Primo Water from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Barrington Research upped their target price on shares of Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Primo Water from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.10.

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.

WARNING: “$0.02 Earnings Per Share Expected for Primo Water Co. (PRMW) This Quarter” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/10/0-02-earnings-per-share-expected-for-primo-water-co-prmw-this-quarter.html.

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).

Get a free copy of the Zacks research report on Primo Water (PRMW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Primo Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primo Water and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply