Primo Water - PRMW Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Primo Water in the last year. 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 equities research analysts have issued 12-month target prices for Primo Water's shares. Their PRMW share price forecasts range from $16.00 to $24.00. On average, they expect the company's stock price to reach $19.33 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price.
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Primo Water's stock was trading at $15.54 at the beginning of 2023. Since then, PRMW shares have decreased by 6.2% and is now trading at $14.58.
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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) posted its quarterly earnings results on Thursday, November, 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. The business had revenue of $550.80 million for the quarter, compared to analysts' expectations of $555.69 million. Primo Water had a negative net margin of 1.40% and a positive trailing twelve-month return on equity of 6.15%. During the same period in the previous year, the business earned $0.21 EPS.

Primo Water declared a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Friday, March 10th will be paid a dividend of $0.08 per share on Monday, March 27th. This represents a $0.32 annualized dividend and a yield of 2.19%. 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 EPS 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 number of institutional and retail investors. Top institutional shareholders 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 $14.58.

Primo Water (NYSE:PRMW) has a market capitalization of $2.33 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.