Primo Brands (NYSE:PRMB) Posts Earnings Results

Primo Brands (NYSE:PRMB - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.08), Zacks reports. The company had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.58 billion. Primo Brands had a net margin of 13.63% and a return on equity of 8.80%. Primo Brands updated its FY 2025 guidance to EPS.

Primo Brands Stock Up 4.3 %

Shares of PRMB traded up $1.41 during trading hours on Friday, reaching $34.00. 3,780,785 shares of the company traded hands, compared to its average volume of 1,956,873. The company has a market cap of $12.89 billion, a PE ratio of 21.11, a PEG ratio of 0.79 and a beta of 1.10. The company's fifty day moving average price is $32.10. Primo Brands has a fifty-two week low of $14.10 and a fifty-two week high of $34.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07.

Primo Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from Primo Brands's previous quarterly dividend of $0.09. The ex-dividend date is Friday, March 7th. Primo Brands's payout ratio is 27.95%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PRMB. Royal Bank of Canada increased their target price on shares of Primo Brands from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Primo Brands in a report on Monday, November 18th. They issued a "buy" rating and a $33.00 price target on the stock. BMO Capital Markets initiated coverage on Primo Brands in a report on Monday, January 6th. They set an "outperform" rating and a $40.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Primo Brands from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Friday. Finally, TD Securities boosted their price objective on shares of Primo Brands from $40.00 to $48.00 and gave the stock a "buy" rating in a research report on Friday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $40.00.

About Primo Brands

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.