William Blair Has Negative View of Primo Brands Q3 Earnings

Primo Brands Corporation (NYSE:PRMB - Free Report) - Stock analysts at William Blair cut their Q3 2025 earnings per share (EPS) estimates for Primo Brands in a research report issued to clients and investors on Wednesday, July 16th. William Blair analyst J. Andersen now expects that the company will post earnings per share of $0.41 for the quarter, down from their previous forecast of $0.43. The consensus estimate for Primo Brands' current full-year earnings is $1.13 per share.

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

Other research analysts have also recently issued reports about the company. Morgan Stanley began coverage on Primo Brands in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $38.00 price target for the company. Bank of America reduced their target price on Primo Brands from $42.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Mizuho initiated coverage on Primo Brands in a research note on Monday, May 12th. They set an "outperform" rating and a $43.00 target price for the company. TD Securities initiated coverage on Primo Brands in a research note on Tuesday, April 8th. They set a "buy" rating and a $48.00 target price for the company. Finally, Barclays reduced their target price on Primo Brands from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, June 16th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, Primo Brands currently has a consensus rating of "Buy" and an average target price of $40.70.

Primo Brands Stock Performance

PRMB stock traded up $0.32 during trading on Thursday, hitting $28.98. 5,673,248 shares of the company traded hands, compared to its average volume of 4,569,978. The stock's 50-day simple moving average is $30.53 and its 200 day simple moving average is $32.04. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market cap of $10.91 billion, a PE ratio of -362.20, a P/E/G ratio of 0.55 and a beta of 0.73. Primo Brands has a 1 year low of $24.41 and a 1 year high of $35.85.

Primo Brands Dividend Announcement

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

Insider Activity at Primo Brands

In related news, Director Tony W. Lee sold 50,657,562 shares of the business'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 sale, the director directly owned 116,210,806 shares in the company, valued at approximately $3,680,396,226.02. The trade was a 30.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 58.40% of the company's stock.

Institutional Trading of Primo Brands

Several large investors have recently added to or reduced their stakes in PRMB. Ritholtz Wealth Management acquired a new position in shares of Primo Brands in the 1st quarter valued at $608,000. Bank of New York Mellon Corp lifted its stake in Primo Brands by 7.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,414,616 shares of the company's stock worth $50,205,000 after acquiring an additional 96,366 shares in the last quarter. Amalgamated Bank lifted its stake in Primo Brands by 27.6% during the 1st quarter. Amalgamated Bank now owns 6,872 shares of the company's stock worth $244,000 after acquiring an additional 1,488 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Primo Brands by 14.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,465 shares of the company's stock worth $478,000 after acquiring an additional 1,656 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new position in Primo Brands during the 4th quarter worth about $252,000. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

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.