Primo Water (PRMW) to Release Earnings on Thursday

Primo Water (NYSE:PRMW) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect Primo Water to post 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

Primo Water (NYSE:PRMW) last posted its earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.10). The business had revenue of $438.70 million during the quarter, compared to analysts’ expectations 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 Performance

Shares of PRMW stock opened at $19.89 on Tuesday. The firm’s 50 day moving average is $17.78 and its 200 day moving average is $15.75. The stock has a market capitalization of $3.20 billion, a P/E ratio of 13.35, a PEG ratio of 1.87 and a beta of 1.09. Primo Water has a 12 month low of $12.27 and a 12 month high of $20.17. The company has a current ratio of 2.03, a quick ratio of 1.92 and a debt-to-equity ratio of 0.88.

Primo Water Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.81%. This is an increase from Primo Water’s previous quarterly dividend of $0.08. Primo Water’s dividend payout ratio is currently 24.16%.

Analyst Ratings Changes

PRMW has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Primo Water from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. StockNews.com cut Primo Water from a “buy” rating to a “hold” rating in a research report on Friday. Raymond James cut Primo Water from a “strong-buy” rating to an “outperform” rating and set a $21.00 price target for the company. in a research report on Wednesday, April 3rd. Finally, TD Securities reduced their price target on Primo Water from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

About Primo Water

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.