Primo Brands (PRMB) Projected to Post Quarterly Earnings on Thursday

Key Points

• Primo Brands will report Q1 2026 results before the market opens on May 7, 2026 at 6:00 AM ET, with analysts modeling $0.24 EPS and $1.5776B revenue; the company beat the prior quarter with $0.26 EPS and $1.55B revenue.
• The board declared a quarterly dividend of $0.12 (annualized $0.48) payable June 15, implying a 2.5% yield, but the dividend payout ratio is an elevated 320%, which may indicate limited coverage by earnings.
• Shares carry a market cap of $7.01B and a high valuation (P/E ~128.8) with a 1-year range of $14.36–$33.70; Wall Street’s consensus is a Moderate Buy with an average target of $25.36, and institutional investors own about 87.7% of the stock.

Primo Brands (NYSE:PRMB - Get Free Report) is expected to be announcing its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $1.5776 billion for the quarter. Investors are encouraged to explore the company's upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Thursday, May 7, 2026 at 6:00 AM ET.

Primo Brands (NYSE:PRMB - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.52 billion. Primo Brands had a return on equity of 14.52% and a net margin of 0.90%.Primo Brands's revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, analysts expect Primo Brands to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Primo Brands Trading Down 1.9%

Shares of PRMB opened at $19.31 on Thursday. The business's 50-day moving average price is $20.00 and its 200 day moving average price is $18.78. The stock has a market capitalization of $7.01 billion, a P/E ratio of 128.76, a P/E/G ratio of 1.60 and a beta of 0.65. Primo Brands has a 1-year low of $14.36 and a 1-year high of $33.70. The company has a current ratio of 0.95, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70.

Primo Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. Primo Brands's dividend payout ratio (DPR) is currently 320.00%.

Institutional Investors Weigh In On Primo Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Viking Global Investors LP lifted its holdings in Primo Brands by 17.5% in the 3rd quarter. Viking Global Investors LP now owns 23,033,970 shares of the company's stock worth $509,051,000 after purchasing an additional 3,431,854 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Primo Brands by 189.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 14,454,637 shares of the company's stock worth $236,333,000 after purchasing an additional 9,461,990 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in Primo Brands by 622.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,219,575 shares of the company's stock worth $101,690,000 after purchasing an additional 5,358,687 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Primo Brands by 2,486.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,867,110 shares of the company's stock worth $173,784,000 after purchasing an additional 5,640,287 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Primo Brands by 3.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,090,613 shares of the company's stock worth $112,503,000 after purchasing an additional 177,929 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PRMB shares. Morgan Stanley reissued an "overweight" rating on shares of Primo Brands in a research note on Monday, January 5th. Zacks Research raised Primo Brands from a "strong sell" rating to a "hold" rating in a research note on Friday, March 6th. Mizuho lifted their price target on Primo Brands from $24.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, March 5th. TD Securities lifted their target price on Primo Brands from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Finally, Jefferies Financial Group raised Primo Brands from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research note on Friday, March 27th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.36.

About Primo Brands

Primo Brands NYSE: PRMB is a consumer packaged beverage company that was established as an independent entity following a corporate spin‐off in 2023. The company specializes in the production, marketing and distribution of a broad portfolio of bottled water products, including purified, mineral and sparkling varieties. Through its focus on quality control and innovation, Primo Brands aims to deliver clean, great-tasting water in formats tailored to both at-home consumption and on-the-go lifestyles.

Its product range spans multi-serve and single-serve bottles, aluminum cans and other eco-friendly packaging solutions.

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