A variety of analysis companies have modified their scores and value targets for Primo Water (NYSE: PRMW):
- 10/2/2024 – Primo Water was downgraded by analysts at Raymond James from an “outperform” score to a “market carry out” score.
- 10/1/2024 – Primo Water had its “outperform” score reaffirmed by analysts at Royal Financial institution of Canada. They now have a $30.00 value goal on the inventory.
- 9/30/2024 – Primo Water was upgraded by analysts at StockNews.com from a “maintain” score to a “purchase” score.
- 9/24/2024 – Primo Water was downgraded by analysts at StockNews.com from a “purchase” score to a “maintain” score.
- 9/18/2024 – Primo Water was downgraded by analysts at StockNews.com from a “purchase” score to a “maintain” score.
- 8/27/2024 – Primo Water was upgraded by analysts at StockNews.com from a “maintain” score to a “purchase” score.
- 8/20/2024 – Primo Water was downgraded by analysts at StockNews.com from a “purchase” score to a “maintain” score.
Primo Water Inventory Efficiency
PRMW inventory traded down $0.18 throughout noon buying and selling on Wednesday, reaching $24.76. 802,751 shares of the corporate have been exchanged, in comparison with its common quantity of 1,205,849. The agency has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The enterprise has a 50-day shifting common value of $22.92 and a two-hundred day shifting common value of $21.29. Primo Water Co. has a one yr low of $12.92 and a one yr excessive of $25.67. The corporate has a debt-to-equity ratio of 0.86, a present ratio of two.18 and a fast ratio of two.07.
Primo Water (NYSE:PRMW – Get Free Report) final posted its earnings outcomes on Thursday, August eighth. The corporate reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Primo Water had a return on fairness of 8.94% and a internet margin of 12.61%. The corporate had income of $485.00 million for the quarter, in comparison with the consensus estimate of $477.40 million. Throughout the identical quarter within the prior yr, the enterprise earned $0.22 earnings per share. The agency’s income for the quarter was up 7.7% on a year-over-year foundation. Equities analysis analysts forecast that Primo Water Co. will publish 0.88 EPS for the present yr.
Primo Water Dividend Announcement
The agency additionally not too long ago declared a quarterly dividend, which was paid on Thursday, September fifth. Stockholders of report on Thursday, August twenty second got a $0.09 dividend. The ex-dividend date of this dividend was Thursday, August twenty second. This represents a $0.36 dividend on an annualized foundation and a dividend yield of 1.45%. Primo Water’s payout ratio is 22.36%.
Institutional Buying and selling of Primo Water
Institutional buyers have not too long ago modified their holdings of the inventory. Tocqueville Asset Administration L.P. boosted its place in shares of Primo Water by 108.7% throughout the 1st quarter. Tocqueville Asset Administration L.P. now owns 96,000 shares of the corporate’s inventory value $1,748,000 after buying a further 50,000 shares within the final quarter. Jane Avenue Group LLC elevated its stake in shares of Primo Water by 170.4% within the 1st quarter. Jane Avenue Group LLC now owns 619,811 shares of the corporate’s inventory valued at $11,287,000 after buying a further 390,611 shares over the last quarter. Strategic Wealth Companions Ltd. acquired a brand new place in shares of Primo Water throughout the 1st quarter value $879,000. Goldman Sachs Group Inc. lifted its place in shares of Primo Water by 32.2% throughout the 4th quarter. Goldman Sachs Group Inc. now owns 3,850,165 shares of the corporate’s inventory value $57,945,000 after shopping for a further 937,235 shares over the last quarter. Lastly, Tidal Investments LLC lifted its place in shares of Primo Water by 471.2% throughout the 1st quarter. Tidal Investments LLC now owns 66,149 shares of the corporate’s inventory value $1,205,000 after shopping for a further 54,569 shares over the last quarter. 87.71% of the inventory is at the moment owned by institutional buyers.
Primo Water Company supplies pure-play water options for residential and industrial clients. It gives bottled water, water dispensers, purified bottled water, self-service refill ingesting water, premium spring, mineral water, glowing and flavored essence water, filtration items, and low.
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