William Blair Has Weak Estimate for Primo Brands Q2 Earnings

Primo Brands Corporation (NYSE:PRMB - Free Report) - Equities researchers at William Blair decreased their Q2 2025 EPS estimates for Primo Brands in a research report issued to clients and investors on Wednesday, July 16th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.40. The consensus estimate for Primo Brands' current full-year earnings is $1.13 per share. William Blair also issued estimates for Primo Brands' Q4 2025 earnings at $0.34 EPS and FY2026 earnings at $1.63 EPS.

Primo Brands (NYSE:PRMB - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.63 billion. Primo Brands had a negative net margin of 1.86% and a positive return on equity of 8.35%. Primo Brands's revenue was up 42.1% on a year-over-year basis.

A number of other analysts have also recently commented on the stock. Truist Financial initiated coverage on shares of Primo Brands in a report on Friday, April 4th. They set a "buy" rating and a $42.00 target price on the stock. Morgan Stanley began coverage on shares of Primo Brands in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $38.00 price target on the stock. Mizuho began coverage on shares of Primo Brands in a research note on Monday, May 12th. They issued an "outperform" rating and a $43.00 price target on the stock. Barclays dropped their price target on shares of Primo Brands from $40.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. Finally, TD Securities began coverage on shares of Primo Brands in a research note on Tuesday, April 8th. They issued a "buy" rating and a $48.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $40.70.

Primo Brands Price Performance

Shares of PRMB stock traded up $0.32 during trading hours on Friday, hitting $28.98. 5,673,248 shares of the company's stock were exchanged, compared to its average volume of 4,569,978. The business's 50 day simple moving average is $30.53 and its 200-day simple moving average is $32.04. Primo Brands has a 12-month low of $24.41 and a 12-month high of $35.85. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $10.91 billion, a PE ratio of -362.20, a PEG ratio of 0.55 and a beta of 0.73.

Hedge Funds Weigh In On Primo Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in Primo Brands during the fourth quarter worth approximately $252,000. HighTower Advisors LLC acquired a new position in Primo Brands during the fourth quarter worth approximately $211,000. EverSource Wealth Advisors LLC acquired a new position in Primo Brands during the fourth quarter worth approximately $30,000. Swiss National Bank acquired a new position in Primo Brands during the fourth quarter worth approximately $9,512,000. Finally, Natixis Advisors LLC acquired a new position in Primo Brands during the fourth quarter worth approximately $770,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Tony W. Lee sold 50,657,562 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $31.67, for a total transaction of $1,604,324,988.54. Following the completion of the transaction, the director directly owned 116,210,806 shares of the company's stock, valued at $3,680,396,226.02. This represents a 30.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 58.40% of the company's stock.

Primo Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Friday, June 6th were given a $0.10 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.40 annualized dividend and a yield of 1.38%. Primo Brands's dividend payout ratio is presently -500.00%.

Primo Brands Company Profile

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.