Primo Water (PRMW) Scheduled to Post Quarterly Earnings on Thursday

Primo Water (NYSE:PRMW) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Primo Water has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Primo Water (NYSE:PRMW) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). The firm had revenue of $438.70 million during the quarter, compared to analyst estimates of $582.93 million. Primo Water had a return on equity of 8.55% and a net margin of 10.82%. On average, analysts expect Primo Water to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Primo Water Stock Up 0.7 %

NYSE:PRMW opened at $19.00 on Thursday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12. Primo Water has a one year low of $12.27 and a one year high of $19.15. The stock has a 50-day simple moving average of $17.53 and a 200 day simple moving average of $15.62. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.92 and a current ratio of 2.03.

Primo Water Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.89%. This is an increase from Primo Water’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, March 7th. Primo Water’s dividend payout ratio (DPR) is 24.16%.

Analyst Upgrades and Downgrades

PRMW has been the topic of a number of recent research reports. Raymond James cut shares of Primo Water from a “strong-buy” rating to an “outperform” rating and set a $21.00 target price on the stock. in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their price target on shares of Primo Water from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. StockNews.com cut shares of Primo Water from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Finally, TD Securities lowered their price objective on shares of Primo Water from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.75.

Primo Water Company Profile

Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.