Brokers Issue Forecasts for Primo Water FY2025 Earnings

Primo Water Co. (NYSE:PRMW - Free Report) - Analysts at William Blair issued their FY2025 earnings estimates for shares of Primo Water in a research 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.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 target price on shares of Primo Water in a report on Tuesday, October 1st. Raymond James cut Primo Water from an "outperform" rating to a "market perform" rating in a research note on Wednesday, October 2nd. Finally, StockNews.com downgraded Primo Water from a "buy" rating to a "hold" rating in a report on Sunday, October 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $25.83.

Primo Water Stock Down 4.1 %

Shares of NYSE PRMW traded down $1.04 on Thursday, reaching $24.46. 7,383,979 shares of the company's stock traded hands, compared to its average volume of 1,274,057. Primo Water has a 12 month low of $14.06 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 simple moving average is $25.23 and its two-hundred day simple moving average is $22.76. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10.

Primo Water (NYSE:PRMW - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Primo Water had a net margin of 12.61% and a return on equity of 8.94%. The business had revenue of $485.00 million for the quarter, compared to analysts' expectations of $477.40 million. During the same period last year, the business earned $0.22 earnings per share. The business's quarterly revenue was up 7.7% on a year-over-year basis.

Primo Water Announces Dividend

The business also recently declared a -- dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be given a $0.82 dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 5th. Primo Water's dividend payout ratio is currently 22.78%.

Institutional Investors Weigh In On Primo Water

Several institutional investors have recently added to or reduced their stakes in the business. Caldwell Investment Management Ltd. purchased a new position in Primo Water during the 3rd quarter worth $6,172,000. Natixis Advisors LLC grew its holdings in Primo Water by 3.6% during the 3rd quarter. Natixis Advisors LLC now owns 24,401 shares of the company's stock valued at $616,000 after buying an additional 852 shares during the last quarter. Royce & Associates LP purchased a new stake in Primo Water during the 3rd quarter worth about $4,220,000. Plato Investment Management Ltd acquired a new position in shares of Primo Water in the third quarter valued at approximately $392,000. Finally, Hiddenite Capital Partners LP boosted its holdings in shares of Primo Water by 50.0% during the third quarter. Hiddenite Capital Partners LP now owns 150,000 shares of the company's stock worth $3,788,000 after purchasing an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company's stock.

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.