Primo Brands (PRMB) Stock Price, News & Analysis

Company Overview

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers. The dispensers help increase household penetration, which drives recurring purchases of Primo's razorblade offering. Primo's razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Primo's water solutions expand consumer access to purified, spring and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association in North America as well as with Watercoolers Europe.

Key Stats

• Today's Range: $29.70 to $31.16
• 50-Day Range: N/A
• 52-Week Range: $14.06 to $32.25
• Volume: 14.40 million shs
• Average Volume: 1.50 million shs
• Market Capitalization: $4.97 billion
• P/E Ratio: 19.24
• Dividend Yield: 1.16%
• Price Target: $33.00
• Consensus Rating: Buy

Primo Brands Stock Analysis - MarketRank™

Primo Brands scored higher than 42% of companies evaluated by MarketBeat, and ranked 108th out of 148 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Primo Brands has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Primo Brands has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 7.69%

Earnings Growth

Earnings for Primo Brands are expected to grow by 7.69% in the coming year, from $0.91 to $0.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Primo Brands is 19.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Primo Brands is 19.24, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.06.

Price to Earnings Growth Ratio

Primo Brands has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Primo Brands has a P/B Ratio of 3.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PRMB.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Primo Brands pays a meaningful dividend of 1.13%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Primo Brands does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Primo Brands is 22.36%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Primo Brands will have a dividend payout ratio of 36.73% next year. This indicates that Primo Brands will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PRMB.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

MarketBeat Follows

1 people have added Primo Brands to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Primo Brands insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.50% of the stock of Primo Brands is held by insiders.

Percentage Held by Institutions

87.71% of the stock of Primo Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PRMB Stock Analysis - Frequently Asked Questions

How have PRMB shares performed this year?

Primo Brands' stock was trading at $27.76 at the start of the year. Since then, PRMB stock has increased by 11.6% and is now trading at $30.98.
View the best growth stocks for 2024 here.

How do I buy shares of Primo Brands?

Shares of PRMB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Ex-Dividend for 12/5 Dividend: 11/22/2024
• Dividend Payable: 12/05/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Bottled & canned soft drinks
• Sub-Industry: N/A
• Current Symbol: NYSE:PRMB
• Previous Symbol: NYSE:PRMB
• CUSIP: N/A
• CIK: 2042694
• Web: primowatercorp.com
• Phone: 813-544-8515
• Fax: 813-881-1926
• Employees: 6,400
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $33.00
• High Stock Price Target: $33.00
• Low Stock Price Target: $33.00
• Potential Upside/Downside: +8.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.61
• Trailing P/E Ratio: 18.92
• Forward P/E Ratio: 33.47
• P/E Growth: 0.95
• Net Income: $238.10 million
• Net Margins: 13.63%
• Pretax Margin: 6.05%
• Return on Equity: 8.80%
• Return on Assets: 3.62%

Debt

• Debt-to-Equity Ratio: 0.86
• Current Ratio: 2.18
• Quick Ratio: 2.07

Sales & Book Value

• Annual Sales: $4.79 billion
• Price / Sales: 1.02
• Cash Flow: $1.70 per share
• Price / Cash Flow: 17.88
• Book Value: $8.96 per share
• Price / Book: 3.40

Miscellaneous

• Outstanding Shares: 160,396,000
• Free Float: 156,305,000
• Market Cap: $4.89 billion
• Optionable: N/A
• Beta: 1.11