Primo Water (PRMW) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Primo Water in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRMW shares.
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4 Wall Street analysts have issued twelve-month price objectives for Primo Water's stock. Their PRMW share price targets range from $19.00 to $23.00. On average, they expect the company's share price to reach $20.75 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price.
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Primo Water's stock was trading at $15.05 on January 1st, 2024. Since then, PRMW shares have increased by 22.3% and is now trading at $18.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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Primo Water will be holding an earnings conference call on Thursday, May 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Primo Water Co. (NYSE:PRMW) issued its earnings results on Thursday, February, 22nd. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.17 by $0.10. The business earned $438.70 million during the quarter, compared to analysts' expectations of $582.93 million. Primo Water had a trailing twelve-month return on equity of 8.55% and a net margin of 10.82%.

Primo Water announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Friday, March 8th will be given a dividend of $0.09 per share on Monday, March 25th. This represents a $0.36 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, March 7th. This is an increase from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for PRMW.

Primo Water (NYSE:PRMW) pays an annual dividend of $0.36 per share and currently has a dividend yield of 2.02%. 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.

ETFs with the largest weight of Primo Water (NYSE:PRMW) stock in their portfolio include Nuveen Small Cap Select ETF (NSCS) and LeaderShares Activist Leaders ETF (ACTV).JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).

Primo Water updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) 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.

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.

Primo Water's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.30%), Wealth Enhancement Advisory Services LLC (0.20%), Fulton Bank N.A. (0.01%), First Hawaiian Bank (0.01%) and CWM LLC (0.00%). 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.
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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.
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