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 brokers have issued 1-year target prices 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 year. This suggests a possible upside of 48.6% from the stock's current price.
View analysts price targets for PRMW or view top-rated stocks among Wall Street analysts.

Primo Water's stock was trading at $15.54 on January 1st, 2023. Since then, PRMW stock has decreased by 16.3% and is now trading at $13.01.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our PRMW earnings forecast.

Primo Water Co. (NYSE:PRMW) announced 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 company earned $550.80 million during the quarter, compared to the consensus estimate of $555.69 million. Primo Water had a net margin of 1.88% and a trailing twelve-month return on equity of 7.46%. During the same quarter in the prior year, the firm earned $0.21 EPS.

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.

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 2.47%. 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.

Primo Water issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS 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.

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 number of retail and institutional investors. Top institutional shareholders 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.
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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 $13.01.

Primo Water (NYSE:PRMW) has a market capitalization of $2.07 billion and generates $2.22 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.

The company employs 9,240 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 phone at 813-544-8515, via email at investorrelations@cott.com, or via fax at 813-881-1926.