Primo Water Corporation (NASDAQ:PRMW) - Equities research analysts at Barrington Research cut their FY2017 earnings per share (EPS) estimates for Primo Water Corporation in a note issued to investors on Wednesday. Barrington Research analyst M. Petusky now anticipates that the company will earn ($0.26) per share for the year, down from their previous estimate of ($0.17). Barrington Research currently has a “Outperform” rating and a $17.00 price objective on the stock. Barrington Research also issued estimates for Primo Water Corporation’s Q4 2017 earnings at $0.04 EPS, Q1 2018 earnings at ($0.08) EPS, Q4 2018 earnings at $0.09 EPS and FY2019 earnings at $0.48 EPS.
Primo Water Corporation (NASDAQ:PRMW) last released its earnings results on Tuesday, August 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.09. The firm had revenue of $74.80 million during the quarter, compared to analyst estimates of $73.20 million. Primo Water Corporation had a negative return on equity of 44.11% and a negative net margin of 11.15%. The business’s revenue for the quarter was up 117.4% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share.
A number of other brokerages have also weighed in on PRMW. Zacks Investment Research lowered shares of Primo Water Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. BMO Capital Markets reissued a “market perform” rating on shares of Primo Water Corporation in a report on Friday, June 9th. BidaskClub raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. ValuEngine raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, B. Riley reissued a “buy” rating and issued a $17.50 price target on shares of Primo Water Corporation in a report on Monday, May 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Primo Water Corporation presently has an average rating of “Hold” and an average price target of $17.10.
Primo Water Corporation (NASDAQ:PRMW) traded up 1.89% during midday trading on Friday, reaching $12.37. The company’s stock had a trading volume of 29,636 shares. Primo Water Corporation has a 52-week low of $10.74 and a 52-week high of $15.39. The stock’s market capitalization is $369.17 million. The firm has a 50-day moving average price of $12.69 and a 200 day moving average price of $13.05.
Several institutional investors have recently made changes to their positions in the company. US Bancorp DE boosted its position in shares of Primo Water Corporation by 110.3% in the first quarter. US Bancorp DE now owns 9,884 shares of the company’s stock worth $135,000 after buying an additional 5,184 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Primo Water Corporation by 2.9% in the first quarter. HighTower Advisors LLC now owns 10,600 shares of the company’s stock worth $145,000 after buying an additional 300 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Primo Water Corporation during the first quarter worth $147,000. Highbridge Capital Management LLC purchased a new position in shares of Primo Water Corporation during the fourth quarter worth $149,000. Finally, Citadel Advisors LLC purchased a new position in shares of Primo Water Corporation during the first quarter worth $156,000. 58.01% of the stock is currently owned by institutional investors.
In other Primo Water Corporation news, insider Camden Partners Strategic Fund sold 7,985 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $13.50, for a total value of $107,797.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 2,750 shares of company stock worth $30,050. Insiders own 15.80% of the company’s stock.
Primo Water Corporation Company Profile
Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).
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