Shares of Primo Water Co. (NYSE:PRMW – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $25.83.
PRMW has been the subject of a number of research analyst reports. William Blair began coverage on Primo Water in a report on Thursday. They issued an “outperform” rating for the company. StockNews.com downgraded shares of Primo Water from a “buy” rating to a “hold” rating in a research note on Sunday, October 13th. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price target on shares of Primo Water in a research note on Tuesday, October 1st. Finally, Raymond James cut shares of Primo Water from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd.
Read Our Latest Stock Report on Primo Water
Institutional Investors Weigh In On Primo Water
Primo Water Trading Up 0.3 %
Shares of Primo Water stock opened at $27.60 on Friday. The stock has a market capitalization of $4.44 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.11. Primo Water has a 12-month low of $12.92 and a 12-month high of $28.06. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86. The company has a 50-day simple moving average of $24.54 and a 200 day simple moving average of $22.29.
Primo Water (NYSE:PRMW – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $485.00 million during the quarter, compared to analysts’ expectations of $477.40 million. Primo Water had a net margin of 12.61% and a return on equity of 8.94%. Primo Water’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Research analysts expect that Primo Water will post 0.88 earnings per share for the current fiscal year.
Primo Water Announces Dividend
The business also recently declared a — dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be given a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a dividend yield of 1.3%. Primo Water’s dividend payout ratio is currently 22.36%.
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.
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