Primo Water Co. (NASDAQ:PRMW) – Analysts at William Blair decreased their Q2 2019 earnings per share (EPS) estimates for shares of Primo Water in a research report issued on Tuesday, June 11th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $0.05 for the quarter, down from their prior estimate of $0.06. William Blair also issued estimates for Primo Water’s Q3 2019 earnings at $0.25 EPS and FY2019 earnings at $0.42 EPS.
PRMW has been the subject of a number of other reports. Zacks Investment Research raised shares of Primo Water from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine raised shares of Primo Water from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. BidaskClub downgraded shares of Primo Water from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Finally, Barrington Research reissued a “buy” rating and issued a $18.00 price target on shares of Primo Water in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.80.
NASDAQ PRMW opened at $12.29 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 2.10. The firm has a market cap of $472.11 million, a P/E ratio of 36.15, a PEG ratio of 2.70 and a beta of 0.74. Primo Water has a 1 year low of $10.70 and a 1 year high of $20.72.
Primo Water (NASDAQ:PRMW) last posted its earnings results on Tuesday, May 7th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $70.05 million during the quarter, compared to the consensus estimate of $70.00 million. Primo Water had a positive return on equity of 11.15% and a negative net margin of 19.21%.
In other news, VP Michael Cauthen sold 4,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $15.32, for a total value of $61,280.00. Following the completion of the transaction, the vice president now owns 10,579 shares in the company, valued at approximately $162,070.28. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in PRMW. Nuveen Asset Management LLC raised its stake in shares of Primo Water by 52.7% in the 4th quarter. Nuveen Asset Management LLC now owns 2,001,988 shares of the company’s stock valued at $28,048,000 after buying an additional 690,521 shares in the last quarter. Standard Life Aberdeen plc acquired a new position in shares of Primo Water in the 4th quarter valued at $5,335,000. William Blair Investment Management LLC raised its stake in shares of Primo Water by 24.9% in the 1st quarter. William Blair Investment Management LLC now owns 1,527,266 shares of the company’s stock valued at $23,612,000 after buying an additional 304,083 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Primo Water in the 1st quarter valued at $4,509,000. Finally, Global Alpha Capital Management Ltd. acquired a new position in shares of Primo Water in the 4th quarter valued at $3,858,000. Institutional investors own 85.02% of the company’s stock.
Primo Water Company Profile
Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the United States and Canada. It operates in three segments: Refill, Exchange, and Dispensers. The Refill segment sells filtered drinking water dispensed directly to consumers through self-service machines.
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