Primo Water Co. (NASDAQ:PRMW) – Investment analysts at William Blair dropped their Q4 2019 EPS estimates for shares of Primo Water in a report released on Tuesday, June 11th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their prior estimate of $0.17. William Blair also issued estimates for Primo Water’s Q1 2020 earnings at $0.07 EPS, Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.20 EPS, Q4 2020 earnings at $0.16 EPS and FY2020 earnings at $0.57 EPS.
A number of other brokerages have also weighed in on PRMW. Zacks Investment Research lowered shares of Primo Water from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. ValuEngine upgraded shares of Primo Water from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Finally, BidaskClub lowered shares of Primo Water from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Primo Water currently has an average rating of “Hold” and a consensus price target of $19.80.
Shares of PRMW opened at $12.62 on Friday. The company has a market capitalization of $479.92 million, a PE ratio of 40.97, a price-to-earnings-growth ratio of 2.84 and a beta of 0.74. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.99 and a quick ratio of 0.70. Primo Water has a fifty-two week low of $10.70 and a fifty-two week high of $20.72.
Primo Water (NASDAQ:PRMW) last announced its earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $70.05 million for the quarter, compared to the consensus estimate of $70.00 million. Primo Water had a negative net margin of 19.21% and a positive return on equity of 11.15%.
In related news, VP Michael Cauthen sold 4,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $15.32, for a total transaction of $61,280.00. Following the completion of the sale, the vice president now directly owns 10,579 shares in the company, valued at approximately $162,070.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.80% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Van Hulzen Asset Management LLC bought a new stake in Primo Water during the 4th quarter valued at $478,000. William Blair Investment Management LLC increased its position in Primo Water by 24.9% during 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 purchasing an additional 304,083 shares during the period. Mackay Shields LLC increased its position in Primo Water by 27.4% during the 4th quarter. Mackay Shields LLC now owns 101,145 shares of the company’s stock valued at $1,417,000 after purchasing an additional 21,745 shares during the period. Rhumbline Advisers increased its position in Primo Water by 58.6% during the 4th quarter. Rhumbline Advisers now owns 42,659 shares of the company’s stock valued at $598,000 after purchasing an additional 15,768 shares during the period. Finally, First Trust Advisors LP purchased a new position in Primo Water during the 1st quarter valued at $4,509,000. Institutional investors own 85.02% of the company’s stock.
About Primo Water
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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