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NYSE:PRMW

Primo Water (PRMW) Stock Price, News & Analysis

$22.44
+0.28 (+1.26%)
(As of 02:27 PM ET)
Today's Range
$22.20
$22.48
50-Day Range
$17.49
$22.65
52-Week Range
$12.27
$23.11
Volume
262,671 shs
Average Volume
1.12 million shs
Market Capitalization
$3.59 billion
P/E Ratio
13.94
Dividend Yield
1.60%
Price Target
$22.50

Primo Water MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
0.4% Upside
$22.50 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.33
Upright™ Environmental Score
News Sentiment
0.57mentions of Primo Water in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.85%
From $0.89 to $1.04 Per Share

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.

4.20 out of 5 stars

Utilities Sector

33rd out of 90 stocks

Bottled & Canned Soft Drinks Industry

1st out of 7 stocks

PRMW stock logo

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 essence water, filtration units, 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, Renü, Canadian Springs, Labrador Source, and Amazon Springs brands. 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 based in Tampa, Florida.

PRMW Stock Price History

PRMW Stock News Headlines

Primo Water (NYSE:PRMW) Shares Gap Up After Analyst Upgrade
Primo Water Corp. Q1 Profit Increases, Beats Estimates
Primo: Q1 Earnings Snapshot
Primo Water Corporation (PRMW)
The 3 Best Water Stocks to Buy in April 2024
Primo Water Corp.
See More Headlines
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Company Calendar

Ex-Dividend for 3/25 Dividend
3/07/2024
Dividend Payable
3/25/2024
Last Earnings
5/09/2024
Today
5/30/2024
Ex-Dividend for 6/18 Dividend
6/07/2024
Dividend Payable
6/18/2024
Next Earnings (Estimated)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Bottled & canned soft drinks
Sub-Industry
N/A
Employees
6,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.50
High Stock Price Target
$30.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+1.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$238.10 million
Pretax Margin
5.48%

Debt

Sales & Book Value

Annual Sales
$1.77 billion
Cash Flow
$1.74 per share
Book Value
$9.02 per share

Miscellaneous

Free Float
152,928,000
Market Cap
$3.54 billion
Optionable
Optionable
Beta
1.09
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Key Executives

  • Mr. David W. Hass (Age 45)
    Chief Financial Officer
    Comp: $941.72k
  • Mr. William Alan Jamieson (Age 51)
    VP & Global Chief Information Officer
    Comp: $934.36k
  • Ms. Marni Morgan Poe (Age 54)
    Chief Legal Officer & Secretary
    Comp: $941.72k
  • Ms. Anne Kathryn Melaragni (Age 48)
    Chief Human Resources Officer
    Comp: $1.32M
  • Mr. Robbert E. Rietbroek (Age 50)
    CEO & Director
  • Mr. Jason  AusherMr. Jason Ausher (Age 50)
    Chief Accounting Officer
  • Jon Kathol
    Vice President of Investor Relations
  • Ms. Mercedes Romero (Age 56)
    Chief Procurement Officer

PRMW Stock Analysis - Frequently Asked Questions

Should I buy or sell Primo Water stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primo Water in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research 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?

6 Wall Street analysts have issued 12-month target prices for Primo Water's stock. Their PRMW share price targets range from $20.00 to $30.00. On average, they predict the company's share price to reach $22.50 in the next year. This suggests a possible upside of 0.3% 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 shares have increased by 49.1% and is now trading at $22.44.
View the best growth stocks for 2024 here
.

Are investors shorting Primo Water?

Primo Water saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,120,000 shares, a decrease of 26.4% from the April 30th total of 2,880,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is currently 1.7 days. Approximately 1.4% of the shares of the company are short sold.
View Primo Water's Short Interest
.

When is Primo Water's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 8th 2024.
View our PRMW earnings forecast
.

How were Primo Water's earnings last quarter?

Primo Water Co. (NYSE:PRMW) released its earnings results on Thursday, May, 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. The firm had revenue of $452 million for the quarter, compared to analyst estimates of $438.81 million. Primo Water had a net margin of 12.22% and a trailing twelve-month return on equity of 9.36%.

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

Primo Water announced a quarterly dividend on Thursday, May 9th. Stockholders of record on Friday, June 7th will be given a dividend of $0.09 per share on Tuesday, June 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, June 7th.
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 1.59%. 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 22.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRMW will have a dividend payout ratio of 34.62% 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 issued an update on its second quarter 2024 earnings guidance on Thursday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $472.0 million-$482.0 million, compared to the consensus revenue estimate of $476.1 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.

Who are Primo Water's major shareholders?

Primo Water's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.52%), Allspring Global Investments Holdings LLC (2.30%), Allspring Global Investments Holdings LLC (2.30%), William Blair Investment Management LLC (1.46%), Russell Investments Group Ltd. (0.80%) and Raymond James & Associates (0.65%). 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.

This page (NYSE:PRMW) was last updated on 5/30/2024 by MarketBeat.com Staff

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