Primo Brands (PRMB) News Today

Primo Brands Corporation (NYSE:PRMB) saw its shares react to a mix of dividend news, strategic initiatives, analyst price-target changes and second-quarter results. Investors are weighing solid shareholder returns and buy ratings against earnings and revenue misses, lowered guidance and a recent gap-down alert.

• Positive Sentiment: Declared a quarterly dividend of $0.10 per share (1.7% yield), payable September 4 to holders of record August 21.
• Positive Sentiment: Announced a new $250 million share repurchase program alongside Q2 results. Share Repurchase Program
• Positive Sentiment: Reaffirmed cost-synergy targets of $200 million in 2025 and $300 million in 2026. Synergy Targets
• Positive Sentiment: Royal Bank of Canada lowered its price target from $40.00 to $37.00 but kept an “outperform” rating (56.3% upside). RBC Price-Target Change
• Positive Sentiment: TD Securities trimmed its target from $48.00 to $35.00 while maintaining a “buy” rating (46.3% upside). TD Securities Rating
• Positive Sentiment: MarketBeat reports an average “Buy” recommendation from 10 covering analysts. Analyst Consensus
• Neutral Sentiment: Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating with a $26.00 target (9.8% upside). Deutsche Bank Rating
• Neutral Sentiment: Scheduled to participate in a virtual fireside chat with RBC Capital Markets. Fireside Chat
• Negative Sentiment: Q2 earnings of $0.36 per share missed consensus by $0.05, and revenue of $1.73 billion fell short of the $1.83 billion estimate. Earnings Miss
• Negative Sentiment: Reduced full-year 2025 revenue guidance to $6.7–$6.8 billion versus a $7.0 billion consensus. Guidance Revision
• Negative Sentiment: Shares gapped down on a MarketBeat “time to sell?” note, suggesting investor caution. Gap-Down Alert