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NYSE:PRMW

Primo Water (PRMW) Stock Forecast, Price & News

$12.94
-0.07 (-0.54%)
(As of 02:27 PM ET)
Compare
Today's Range
$12.86
$13.00
50-Day Range
$13.01
$15.47
52-Week Range
$12.15
$16.47
Volume
888,443 shs
Average Volume
804,386 shs
Market Capitalization
$2.06 billion
P/E Ratio
47.93
Dividend Yield
2.47%
Price Target
$19.33

Primo Water MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
49.6% Upside
$19.33 Price Target
Short Interest
Healthy
0.96% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.33
Upright™ Environmental Score
News Sentiment
0.19mentions of Primo Water in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.67%
From $0.75 to $0.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Utilities Sector

27th out of 84 stocks

Bottled & Canned Soft Drinks Industry

1st out of 7 stocks


PRMW stock logo

About Primo Water (NYSE:PRMW) Stock

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, Nursery, Sierra Springs, Sparkletts, Clear Mountain Natural Spring Water, Earth2O, Renü, and Water Event Pure Water Solutions brands in the United States; Canadian Springs and Labrador Source brands in Canada; and Decantae, Eden, Eden Springs, Chateaud'eau, and Mey Eden brands in Europe and Israel. The company 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.

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PRMW Stock News Headlines

146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
Primo (PRMW) Lags Q1 Earnings Estimates
Comparing Primo Water (NYSE:PRMW) and Reed's (NYSE:REED)
Closing Bell: Primo Water Corp down on Monday (PRMW)
146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
Brokerages Set Primo Water Co. (NYSE:PRMW) PT at $19.33
Recap: Primo Water Q1 Earnings
Primo Water (PRMW) Receives a Buy from RBC Capital
Closing Bell: Primo Water Corp down on Wednesday (PRMW)
When Should You Buy Primo Water Corporation (TSE:PRMW)?
Closing Bell: Primo Water Corp down on Friday (PRMW)
Closing Bell: Primo Water Corp down on Tuesday (PRMW)
See More Headlines
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PRMW Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 3/27 Dividend
3/09/2023
Dividend Payable
3/27/2023
Today
5/31/2023
Ex-Dividend for 6/14 Dividend
6/01/2023
Dividend Payable
6/14/2023
Next Earnings (Estimated)
8/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Bottled & canned soft drinks
Sub-Industry
N/A
Sector
Utilities
Employees
9,240
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$19.33
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+48.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$29.60 million
Pretax Margin
2.80%

Debt

Sales & Book Value

Annual Sales
$2.24 billion
Cash Flow
$2.09 per share
Book Value
$8.03 per share

Miscellaneous

Free Float
152,133,000
Market Cap
$2.07 billion
Optionable
Optionable
Beta
1.05

Key Executives

  • Mr. Thomas J. Harrington (Age 65)
    Pres, CEO, Interim Pres of North America & Director
    Comp: $1.83M
  • Mr. Jay  WellsMr. Jay Wells (Age 60)
    Chief Financial Officer
    Comp: $986.9k
  • Ms. Cate Gutowski (Age 47)
    Chief Operating Officer
    Comp: $660.56k
  • Ms. Marni Morgan Poe (Age 53)
    Chief Legal Officer & Sec.
    Comp: $760.83k
  • Ms. Anne Kathryn Melaragni (Age 47)
    Chief HR Officer
    Comp: $654.74k
  • Mr. Jason  AusherMr. Jason Ausher (Age 49)
    Chief Accounting Officer
  • Mr. William Alan Jamieson (Age 50)
    VP & Global Chief Information Officer
  • Jon Kathol
    VP of Investor Relations
  • Mr. Steven Kitching (Age 59)
    Exec. VP of Bus. Devel. for Europe
  • Ms. Shayron Barnes-Selby
    Chief Diversity & Inclusion Officer













PRMW Stock - Frequently Asked Questions

Should I buy or sell Primo Water stock right now?

4 Wall Street research 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 research analysts is that investors should "buy" PRMW shares.
View PRMW analyst ratings
or view top-rated stocks.

What is Primo Water's stock price forecast for 2023?

4 Wall Street analysts have issued 1-year price objectives for Primo Water's shares. Their PRMW share price forecasts range from $16.00 to $24.00. On average, they anticipate the company's stock price to reach $19.33 in the next twelve months. This suggests a possible upside of 48.7% 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 2023?

Primo Water's stock was trading at $15.54 at the beginning of 2023. Since then, PRMW stock has decreased by 16.3% and is now trading at $13.0050.
View the best growth stocks for 2023 here
.

When is Primo Water's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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, November, 4th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. The company had revenue of $550.80 million for the quarter, compared to analysts' expectations of $555.69 million. Primo Water had a trailing twelve-month return on equity of 7.46% and a net margin of 1.88%. During the same quarter in the prior year, the business posted $0.21 earnings per share.

How often does Primo Water pay dividends? What is the dividend yield for Primo Water?

Primo Water announced a quarterly dividend on Thursday, May 4th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.08 per share on Wednesday, June 14th. This represents a $0.32 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, June 1st.
Read our dividend analysis for PRMW
.

What ETFs hold Primo Water's stock?

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).

Is Primo Water a good dividend stock?

Primo Water (NYSE:PRMW) pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.41%. 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 118.52%. 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 33.68% 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 second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $575.00 million-$595.00 million, compared to the consensus revenue estimate of $589.26 million.

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.

What is Primo Water's stock symbol?

Primo Water trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRMW."

Who are Primo Water's major shareholders?

Primo Water's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.08%), FMR LLC (6.04%), JPMorgan Chase & Co. (5.41%), Ameriprise Financial Inc. (3.44%), Thrivent Financial for Lutherans (2.78%) and Allspring Global Investments Holdings LLC (2.38%). 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Primo Water's stock price today?

One share of PRMW stock can currently be purchased for approximately $13.01.

How much money does Primo Water make?

Primo Water (NYSE:PRMW) has a market capitalization of $2.07 billion and generates $2.24 billion in revenue each year. The company earns $29.60 million in net income (profit) each year or $0.27 on an earnings per share basis.

How many employees does Primo Water have?

The company employs 9,240 workers across the globe.

How can I contact Primo Water?

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 phone at 813-544-8515, via email at investorrelations@cott.com, or via fax at 813-881-1926.

This page (NYSE:PRMW) was last updated on 5/31/2023 by MarketBeat.com Staff

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