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, November 7th. Analysts expect Primo Water to post earnings of $0.28 per share for the quarter. Primo Water has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Primo Water (NYSE:PRMW) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Primo Water had a return on equity of 8.94% and a net margin of 12.61%. The firm had revenue of $485.00 million during the quarter, compared to the consensus estimate of $477.40 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. 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 Trading Down 0.6 %

Shares of Primo Water stock opened at $26.81 on Thursday. Primo Water has a 12-month low of $12.97 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 business’s 50 day moving average is $24.83 and its 200-day moving average is $22.48. The stock has a market cap of $4.30 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.89 and a beta of 1.11.

Primo Water Announces Dividend

The company also recently declared a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.82 per share. This represents a yield of 1.3%. The ex-dividend date is Tuesday, November 5th. Primo Water’s dividend payout ratio (DPR) is currently 22.36%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Raymond James lowered shares of Primo Water from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. StockNews.com downgraded Primo Water from a “buy” rating to a “hold” rating in a research report on Sunday, October 13th. William Blair started coverage on Primo Water in a research report on Thursday, October 24th. They issued an “outperform” rating for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 target price on shares of Primo Water in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Primo Water has an average rating of “Moderate Buy” and an average price target of $25.83.

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.