Analysts Set Expectations for Primo Water FY2025 Earnings

Primo Water Co. (NYSE:PRMW) – Analysts at William Blair issued their FY2025 earnings per share estimates for shares of Primo Water in a report issued on Tuesday, November 5th. William Blair analyst J. Andersen expects that the company will post earnings of $0.90 per share for the year. William Blair has a “Outperform” rating on the stock. The consensus estimate for Primo Water’s current full-year earnings is $0.88 per share.

Primo Water (NYSE:PRMW) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. Primo Water had a net margin of 12.61% and a return on equity of 8.94%. The company had revenue of $485.00 million for the quarter, compared to analysts’ expectations of $477.40 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. Primo Water’s quarterly revenue was up 7.7% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the company. StockNews.com cut Primo Water from a “buy” rating to a “hold” rating in a research note on Sunday, October 13th. Raymond James downgraded Primo Water from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $30.00 price target on shares of Primo Water in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.83.

Primo Water Stock Performance

Primo Water stock opened at $24.46 on Thursday. The company’s 50-day moving average price is $25.23 and its 200-day moving average price is $22.76. 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 market cap of $3.92 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10. Primo Water has a twelve month low of $14.06 and a twelve month high of $28.06.

Primo Water Announces Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be paid a $0.82 dividend. The ex-dividend date is Tuesday, November 5th. This represents a yield of 1.3%. Primo Water’s payout ratio is 22.78%.

Institutional Trading of Primo Water

Large investors have recently made changes to their positions in the stock. Cedar Wealth Management LLC bought a new stake in Primo Water during the 1st quarter valued at about $27,000. GAMMA Investing LLC increased its position in shares of Primo Water by 375.9% during the third quarter. GAMMA Investing LLC now owns 1,242 shares of the company’s stock worth $31,000 after acquiring an additional 981 shares during the period. Blue Trust Inc. boosted its holdings in shares of Primo Water by 52.1% in the third quarter. Blue Trust Inc. now owns 1,871 shares of the company’s stock valued at $47,000 after purchasing an additional 641 shares during the period. Sound Income Strategies LLC bought a new position in Primo Water in the third quarter worth approximately $48,000. Finally, Crewe Advisors LLC purchased a new position in Primo Water during the 1st quarter worth $66,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

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.