NYSE:PRMW Primo Water (PRMW) Stock Price, News & Analysis → My next big prediction isn’t a prediction (From Porter & Company) (Ad) Free PRMW Stock Alerts $17.78 +0.40 (+2.30%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$17.35▼$17.7950-Day Range$14.27▼$17.5852-Week Range$12.27▼$17.79Volume1.20 million shsAverage Volume996,445 shsMarket Capitalization$2.86 billionP/E Ratio11.93Dividend Yield2.02%Price Target$19.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Primo Water alerts: Email Address Primo Water MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside9.7% Upside$19.50 Price TargetShort InterestHealthy1.61% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.33Upright™ Environmental ScoreNews Sentiment0.32Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth23.17%From $0.82 to $1.01 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.01 out of 5 starsUtilities Sector21st out of 91 stocksBottled & Canned Soft Drinks Industry1st out of 8 stocks 1.4 Analyst's Opinion Consensus RatingPrimo Water has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.50, Primo Water has a forecasted upside of 9.7% from its current price of $17.78.Amount of Analyst CoveragePrimo Water has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.61% of the float of Primo Water has been sold short.Short Interest Ratio / Days to CoverPrimo Water has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Primo Water has recently increased by 1.65%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldPrimo Water pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPrimo Water has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Primo Water is 24.16%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Primo Water will have a dividend payout ratio of 35.64% next year. This indicates that Primo Water will be able to sustain or increase its dividend. Previous Next 1.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePrimo Water has received a -6.06% net impact score from Upright. The largest negative impact of Primo Water in category "GHG emissions" is driven by its "Unflavoured still water in a plastic bottle made of virgin materials" and "Grocery home delivery services" products. See details.Environmental SustainabilityThe Environmental Impact score for Primo Water is -2.33. Previous Next 3.0 News and Social Media Coverage News SentimentPrimo Water has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Primo Water this week, compared to 3 articles on an average week.Search Interest8 people have searched for PRMW on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Primo Water to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Primo Water insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.40% of the stock of Primo Water is held by insiders.Percentage Held by Institutions83.87% of the stock of Primo Water is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Primo Water are expected to grow by 23.17% in the coming year, from $0.82 to $1.01 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Primo Water is 11.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 149.72.Price to Earnings Ratio vs. SectorThe P/E ratio of Primo Water is 11.93, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 83.49.Price to Earnings Growth RatioPrimo Water has a PEG Ratio of 1.64. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPrimo Water has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingAI Cracks Open Largest Untapped Energy Reserve on EarthThis orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… ]click here to watch a free presentation where I reveal all the details of this lucrative opportunit About Primo Water Stock (NYSE:PRMW)Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored water, filtration equipment, and coffee. The company offers its products under the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Sierra Springs, Sparkletts, and Renü brands in the United States; Canadian Springs, Labrador Source, and Amazon Springs brands in Canada; and Decantae, Eden, Eden Springs, Chateaud'eau, and Mey Eden brands in Europe and Israel. It sells its products through retailers and online at various price points. The company was formerly known as Cott Corporation and changed its name to Primo Water Corporation in March 2020. Primo Water Corporation was incorporated in 1955 and is headquartered in Tampa, Florida.Read More PRMW Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PRMW Stock News HeadlinesMarch 16, 2024 | wsj.comPrimo Water Corp.March 16, 2024 | finance.yahoo.comPRMW Apr 2024 17.500 putMarch 18, 2024 | Crypto Swap Profits (Ad)Claim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.March 12, 2024 | baystreet.caNational, Hemisphere at 52-Week Highs on NewsMarch 11, 2024 | baystreet.caMdf Commerce Hits 52-Week High On SaleMarch 7, 2024 | nasdaq.comEx-Dividend Reminder: Primo Water, Acushnet Holdings and WingstopFebruary 27, 2024 | ca.finance.yahoo.comStocks in play: Primo Water CorporationFebruary 27, 2024 | finance.yahoo.comPrimo Water To Present At The Raymond James 45th Annual Institutional Investors ConferenceMarch 18, 2024 | Crypto 101 Media (Ad)Like Tiny Crypto Retirement FundsThe crypto bull market is about to blast off. Bitcoin and Ethereum are surging. But so are tiny altcoins that could be so profitable… They're like tiny crypto retirement funds. February 27, 2024 | prnewswire.comPrimo Water To Present At The Raymond James 45th Annual Institutional Investors ConferenceFebruary 23, 2024 | finance.yahoo.comPrimo Water Corporation: Primo Water Earnings: A Leaner Business Bolsters Margin Profile, While Fierce Competition RemainsFebruary 23, 2024 | finance.yahoo.comPrimo Water Corporation (NYSE:PRMW) Q4 2023 Earnings Call TranscriptFebruary 22, 2024 | finanznachrichten.dePrimo Water Corporation: Primo Water Reports Full-Year And Fourth Quarter 2023 ResultsFebruary 22, 2024 | markets.businessinsider.comBay Street Likely To Open On Positive NoteFebruary 22, 2024 | markets.businessinsider.comPrimo Water Q4 Profit Climbs; Issues Q1, FY24 OutlookFebruary 22, 2024 | finance.yahoo.comPrimo Water Reports Full-Year And Fourth Quarter 2023 ResultsFebruary 22, 2024 | prnewswire.comPrimo Water Reports Full-Year And Fourth Quarter 2023 ResultsFebruary 21, 2024 | msn.comPrimo Water Q4 2023 Earnings PreviewFebruary 14, 2024 | finance.yahoo.comPRMW Mar 2024 17.500 putFebruary 14, 2024 | msn.comEngaged Capital adds Nevro, PRA Group; exits Primo WaterJanuary 4, 2024 | msn.comPrimo Water (PRMW) Sells Major Part of International BusinessJanuary 3, 2024 | finance.yahoo.comAmericold Announces Leadership UpdatesJanuary 2, 2024 | finanznachrichten.dePrimo Water Corporation: Primo Water Announces Closing of the Sale of Signifigant Portion of Its International BusinessJanuary 2, 2024 | finance.yahoo.comPrimo Water Announces Closing of the Sale of Signifigant Portion of Its International BusinessJanuary 1, 2024 | finance.yahoo.comPrimo Water Corporation's (TSE:PRMW) Intrinsic Value Is Potentially 79% Above Its Share PriceDecember 4, 2023 | seekingalpha.comPrimo Water: Growth Drivers Remain IntactDecember 1, 2023 | seekingalpha.comPrimo Water: Recent Strategic Shift Displays Promising SignsSee More Headlines Receive PRMW Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Primo Water and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/22/2024Ex-Dividend for 3/25 Dividend3/07/2024Today3/18/2024Dividend Payable3/25/2024Next Earnings (Estimated)5/02/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Bottled & canned soft drinks Sub-IndustryN/A Current SymbolNYSE:PRMW CUSIPN/A CIK884713 Webprimowatercorp.com Phone813-544-8515Fax813-881-1926Employees6,400Year FoundedN/APrice Target and Rating Average Stock Price Target$19.50 High Stock Price Target$23.00 Low Stock Price Target$16.00 Potential Upside/Downside+9.7%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.49 Trailing P/E Ratio11.93 Forward P/E Ratio21.68 P/E Growth1.64Net Income$238.10 million Net Margins10.82% Pretax Margin5.12% Return on Equity8.55% Return on Assets3.11% Debt Debt-to-Equity Ratio0.88 Current Ratio2.03 Quick Ratio1.92 Sales & Book Value Annual Sales$1.77 billion Price / Sales1.61 Cash Flow$1.81 per share Price / Cash Flow9.83 Book Value$8.96 per share Price / Book1.98Miscellaneous Outstanding Shares160,790,000Free Float153,719,000Market Cap$2.86 billion OptionableOptionable Beta1.11 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMs. Marni Morgan Poe (Age 54)Chief Legal Officer & Secretary Comp: $792.19kMs. Anne Kathryn Melaragni (Age 48)Chief Human Resources Officer Comp: $890.18kMr. Robbert E. RietbroekCEO & DirectorMr. David W. Hass (Age 45)Chief Financial Officer Mr. Jason Ausher (Age 50)Chief Accounting Officer Mr. William Alan Jamieson (Age 51)VP & Global Chief Information Officer Comp: $1.01MJon KatholVice President of Investor RelationsMs. Mercedes Romero (Age 56)Chief Procurement Officer More ExecutivesKey CompetitorsCalifornia Water Service GroupNYSE:CWTAmerican States WaterNYSE:AWRAvistaNYSE:AVAMGE EnergyNASDAQ:MGEEMYR GroupNASDAQ:MYRGView All CompetitorsInstitutional OwnershipVanguard Group Inc.Bought 248,774 shares on 3/11/2024Ownership: 7.562%Wellington Management Group LLPBought 312,815 shares on 3/5/2024Ownership: 1.688%Goldman Sachs Group Inc.Bought 937,235 shares on 3/1/2024Ownership: 2.395%Public Employees Retirement System of OhioSold 779 shares on 2/16/2024Ownership: 0.036%Price T Rowe Associates Inc. MDBought 3,422 shares on 2/16/2024Ownership: 0.024%View All Institutional Transactions PRMW Stock Analysis - Frequently Asked Questions Should I buy or sell Primo Water stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primo Water in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PRMW shares. View PRMW analyst ratings or view top-rated stocks. What is Primo Water's stock price target for 2024? 4 Wall Street analysts have issued 1-year price targets for Primo Water's shares. Their PRMW share price targets range from $16.00 to $23.00. On average, they expect the company's stock price to reach $19.50 in the next year. This suggests a possible upside of 9.7% from the stock's current price. View analysts price targets for PRMW or view top-rated stocks among Wall Street analysts. How have PRMW shares performed in 2024? Primo Water's stock was trading at $15.05 at the beginning of the year. Since then, PRMW stock has increased by 18.1% and is now trading at $17.78. View the best growth stocks for 2024 here. When is Primo Water's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our PRMW earnings forecast. How were Primo Water's earnings last quarter? Primo Water Co. (NYSE:PRMW) released its quarterly earnings results on Thursday, February, 22nd. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.17 by $0.10. The company earned $438.70 million during the quarter, compared to analyst estimates of $582.93 million. Primo Water had a trailing twelve-month return on equity of 8.55% and a net margin of 10.82%. How often does Primo Water pay dividends? What is the dividend yield for Primo Water? Primo Water announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Friday, March 8th will be paid a dividend of $0.09 per share on Monday, March 25th. This represents a $0.36 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, March 7th. This is a boost from the stock's previous quarterly dividend of $0.08. Read our dividend analysis for PRMW. Is Primo Water a good dividend stock? Primo Water (NYSE:PRMW) pays an annual dividend of $0.36 per share and currently has a dividend yield of 2.06%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRMW will have a dividend payout ratio of 35.64% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PRMW. What guidance has Primo Water issued on next quarter's earnings? Primo Water updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $2.1 billion. What is Billy D. Prim's approval rating as Primo Water's CEO? 12 employees have rated Primo Water Chief Executive Officer Billy D. Prim on Glassdoor.com. Billy D. Prim has an approval rating of 79% among the company's employees. Who are Primo Water's major shareholders? Primo Water's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.56%), Vanguard Group Inc. (7.56%), Nuveen Asset Management LLC (2.97%), Goldman Sachs Group Inc. (2.39%), Goldman Sachs Group Inc. (2.39%) and Allspring Global Investments Holdings LLC (2.24%). Insiders that own company stock include Eric Rosenfeld, Jason R Ausher, Jay Wells, Jeremy S G Fowden, Jeremy S G Fowden and Steven P Stanbrook. View institutional ownership trends. How do I buy shares of Primo Water? Shares of PRMW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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