-$0.06 EPS Expected for Primo Water Co. (PRMW) This Quarter

Equities analysts expect that Primo Water Co. (NASDAQ:PRMW) will announce ($0.06) earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Primo Water’s earnings. Primo Water posted earnings of ($0.37) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 83.8%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Primo Water will report full-year earnings of $0.22 per share for the current year, with EPS estimates ranging from $0.18 to $0.24. For the next year, analysts expect that the company will report earnings of $0.40 per share, with EPS estimates ranging from $0.38 to $0.41. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Primo Water.

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Several equities analysts have issued reports on PRMW shares. B. Riley set a $18.00 price objective on shares of Primo Water and gave the company a “buy” rating in a report on Monday, March 5th. Barrington Research reaffirmed a “buy” rating and set a $20.00 price objective on shares of Primo Water in a report on Friday. BidaskClub raised shares of Primo Water from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. ValuEngine raised shares of Primo Water from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Finally, Zacks Investment Research downgraded shares of Primo Water from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.33.

PRMW traded up $0.02 during midday trading on Monday, hitting $12.22. 85,495 shares of the company traded hands, compared to its average volume of 187,735. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 3.77. The company has a market cap of $377.76, a price-to-earnings ratio of -43.64, a PEG ratio of 4.69 and a beta of -0.13. Primo Water has a 52-week low of $10.47 and a 52-week high of $13.86.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Primo Water by 1.8% in the second quarter. California State Teachers Retirement System now owns 44,879 shares of the company’s stock valued at $570,000 after buying an additional 800 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Primo Water by 20.8% in the second quarter. The Manufacturers Life Insurance Company now owns 21,080 shares of the company’s stock valued at $267,000 after buying an additional 3,625 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Primo Water by 8.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 53,205 shares of the company’s stock valued at $669,000 after buying an additional 4,005 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Primo Water by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 110,997 shares of the company’s stock valued at $1,395,000 after buying an additional 5,857 shares during the last quarter. Finally, 1492 Capital Management LLC raised its position in shares of Primo Water by 10.0% in the fourth quarter. 1492 Capital Management LLC now owns 71,479 shares of the company’s stock valued at $898,000 after buying an additional 6,484 shares during the last quarter. Institutional investors and hedge funds own 69.87% of the company’s stock.

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About Primo Water

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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Earnings History and Estimates for Primo Water (NASDAQ:PRMW)

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