Primo Water - PRMW Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primo Water in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PRMW shares.
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4 brokerages have issued 12 month price targets for Primo Water's stock. Their PRMW share price forecasts range from $16.00 to $24.00. On average, they predict the company's stock price to reach $19.33 in the next year. This suggests a possible upside of 33.9% from the stock's current price.
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Primo Water's stock was trading at $15.54 at the start of the year. Since then, PRMW shares have decreased by 7.1% and is now trading at $14.44.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our PRMW earnings forecast.

Primo Water Co. (NYSE:PRMW) issued its earnings results on Thursday, November, 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by $0.01. The firm had revenue of $550.80 million for the quarter, compared to analysts' expectations of $555.69 million. Primo Water had a positive trailing twelve-month return on equity of 6.15% and a negative net margin of 1.40%. During the same quarter last year, the business posted $0.21 earnings per share.

Primo Water declared a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Friday, March 10th will be given a dividend of $0.08 per share on Monday, March 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, March 9th. This is an increase from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for PRMW.

ETFs with the largest weight of Primo Water (NYSE:PRMW) stock in their portfolio include iShares Russell 2000 Value ETF (IWN).Dimensional International Small Cap ETF (DFIS).

Primo Water (NYSE:PRMW) pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.26%. 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 168.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PRMW will have a dividend payout ratio of 41.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRMW.

Primo Water issued an update on its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.30 billion-$2.35 billion, compared to the consensus revenue estimate of $2.32 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRMW."

Primo Water's stock is owned by a variety of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (5.63%), Fuller & Thaler Asset Management Inc. (4.82%), Thrivent Financial for Lutherans (2.48%), Allspring Global Investments Holdings LLC (2.39%), Nitorum Capital L.P. (2.32%) and Renaissance Technologies LLC (1.36%). Insiders that own company stock include Eric Rosenfeld, Jason R Ausher, Jay Wells, Jeremy S G Fowden, Jeremy S G Fowden, Steven P Stanbrook and Thomas Harrington.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRMW stock can currently be purchased for approximately $14.44.

Primo Water (NYSE:PRMW) has a market capitalization of $2.31 billion and generates $2.22 billion in revenue each year. The company earns $-3,200,000.00 in net income (profit) each year or $0.19 on an earnings per share basis.

The company employs 9,230 workers across the globe.

Primo Water's mailing address is 4221 West Boy Scout Boulevard, TAMPA FL, 33607. The official website for the company is primowatercorp.com. The company can be reached via email at investorrelations@cott.com.