Primo Water (PRMW) Set to Announce Earnings on Thursday

Primo Water (NYSE:PRMW - Get Free Report) will be releasing 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.Persons interested in participating in the company's earnings conference call can do so using this link.

Primo Water (NYSE:PRMW - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $485.00 million for 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%. The company's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. 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 Price Performance

Shares of NYSE PRMW traded down $0.59 during midday trading on Thursday, reaching $26.23. 1,566,603 shares of the company were exchanged, compared to its average volume of 1,187,023. The stock's 50-day moving average price is $24.92 and its 200-day moving average price is $22.51. The stock has a market cap of $4.21 billion, a P/E ratio of 16.29, a PEG ratio of 1.89 and a beta of 1.11. Primo Water has a one year low of $12.97 and a one year 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.

Primo Water Dividend Announcement

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

Wall Street Analyst Weigh In

PRMW has been the topic of a number of recent research reports. Raymond James lowered shares of Primo Water from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $30.00 price target on shares of Primo Water in a report on Tuesday, October 1st. StockNews.com lowered shares of Primo Water from a "buy" rating to a "hold" rating in a report on Sunday, October 13th. Finally, William Blair initiated coverage on shares of Primo Water in a report on Thursday, October 24th. They set an "outperform" rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Primo Water currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.83.

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.