Primo Brands (PRMB) to Release Earnings on Thursday

Primo Brands (NYSE:PRMB - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, May 8th. Analysts expect Primo Brands to post earnings of $0.24 per share and revenue of $1.63 billion for the quarter. Primo Brands has set its FY 2025 guidance at EPS.

Primo Brands (NYSE:PRMB - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.08). Primo Brands had a negative net margin of 2.74% and a positive return on equity of 10.27%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.58 billion.

Primo Brands Price Performance

Shares of PRMB traded up $0.13 during midday trading on Friday, hitting $33.04. The stock had a trading volume of 3,321,447 shares, compared to its average volume of 3,210,801. The firm has a 50 day moving average of $33.04. The company has a current ratio of 2.18, a quick ratio of 2.07 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 0.78 and a beta of 0.82. Primo Brands has a twelve month low of $24.41 and a twelve month high of $35.85.

Primo Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Friday, June 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 annualized dividend and a yield of 1.21%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PRMB shares. BMO Capital Markets assumed coverage on Primo Brands in a report on Monday, January 6th. They set an "outperform" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Primo Brands from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Royal Bank of Canada increased their price target on shares of Primo Brands from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. TD Securities assumed coverage on shares of Primo Brands in a research note on Tuesday, April 8th. They set a "buy" rating and a $48.00 price objective on the stock. Finally, Truist Financial started coverage on Primo Brands in a research report on Friday, April 4th. They set a "buy" rating and a $42.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Primo Brands currently has an average rating of "Buy" and an average target price of $41.50.

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.