Primo Brands (PRMB) Expected to Announce Earnings on Thursday

Primo Brands (NYSE:PRMB) is projected to release its earnings data before the market opens on Thursday, August 7th. Analysts expect Primo Brands to post earnings of $0.43 per share and revenue of $1.83 billion for the quarter. Primo Brands has set its FY 2025 guidance at EPS.

Primo Brands (NYSE:PRMB) last released its earnings results on Thursday, May 8th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.63 billion. Primo Brands had a positive return on equity of 8.35% and a negative net margin of 1.86%. The firm’s revenue was up 42.1% compared to the same quarter last year.

Primo Brands Stock Performance

Shares of NYSE:PRMB opened at $26.65 on Wednesday. The firm has a market capitalization of $10.03 billion, a PE ratio of -333.08, a P/E/G ratio of 0.51 and a beta of 0.72. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.07 and a quick ratio of 0.87. The business has a 50-day moving average of $29.60 and a two-hundred day moving average of $31.76. Primo Brands has a 12 month low of $20.16 and a 12 month high of $35.85.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PRMB shares. Mizuho started coverage on Primo Brands in a research note on Monday, May 12th. They set an “outperform” rating and a $43.00 price target for the company. Bank of America dropped their price target on Primo Brands from $42.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Barclays dropped their price target on Primo Brands from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, June 16th. TD Securities started coverage on Primo Brands in a research note on Tuesday, April 8th. They set a “buy” rating and a $48.00 price target for the company. Finally, Morgan Stanley began coverage on Primo Brands in a research note on Wednesday, July 2nd. They set an “overweight” rating and a $38.00 price target for the company. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $40.70.

Insider Buying and Selling at Primo Brands

In other news, Director Tony W. Lee sold 50,657,562 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $31.67, for a total value of $1,604,324,988.54. Following the completion of the sale, the director owned 116,210,806 shares of the company’s stock, valued at $3,680,396,226.02. This represents a 30.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 58.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Primo Brands

An institutional investor recently bought a new position in Primo Brands stock. Dynamic Technology Lab Private Ltd purchased a new stake in Primo Brands Corporation (NYSE:PRMB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,447 shares of the company’s stock, valued at approximately $229,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Primo Brands Company Profile

Primo Brands Corp. is a branded beverage company, which focuses on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in the United States and Canada. The company provides water filtration units for home and business consumers across North America.