Equities research analysts predict that Primo Water Co. (NASDAQ:PRMW) will announce sales of $77.89 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Primo Water’s earnings. The lowest sales estimate is $77.30 million and the highest is $78.96 million. Primo Water reported sales of $75.80 million during the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The business is scheduled to issue its next earnings report after the market closes on Monday, August 5th.

According to Zacks, analysts expect that Primo Water will report full year sales of $317.05 million for the current financial year, with estimates ranging from $315.11 million to $318.90 million. For the next fiscal year, analysts anticipate that the business will report sales of $333.93 million, with estimates ranging from $328.80 million to $337.29 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Primo Water.

Primo Water (NASDAQ:PRMW) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $70.05 million during the quarter, compared to analyst estimates of $70.00 million. Primo Water had a negative net margin of 19.21% and a positive return on equity of 11.15%.

A number of research analysts have commented on PRMW shares. Northland Securities restated a “buy” rating and issued a $19.00 price objective on shares of Primo Water in a research note on Tuesday, June 25th. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. ValuEngine lowered shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th. Barrington Research set a $18.00 price target on shares of Primo Water and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, Imperial Capital reiterated an “outperform” rating and set a $18.00 price target (down from $20.00) on shares of Primo Water in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $19.33.

A number of institutional investors and hedge funds have recently modified their holdings of PRMW. Nuveen Asset Management LLC grew its position in Primo Water by 52.7% during the fourth quarter. Nuveen Asset Management LLC now owns 2,001,988 shares of the company’s stock worth $28,048,000 after buying an additional 690,521 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Primo Water by 24.9% in the first quarter. William Blair Investment Management LLC now owns 1,527,266 shares of the company’s stock valued at $23,612,000 after purchasing an additional 304,083 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Primo Water in the first quarter valued at about $4,509,000. BlackRock Inc. lifted its holdings in shares of Primo Water by 10.5% in the fourth quarter. BlackRock Inc. now owns 2,444,917 shares of the company’s stock valued at $34,253,000 after purchasing an additional 233,001 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Primo Water by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 1,750,583 shares of the company’s stock valued at $27,064,000 after purchasing an additional 184,417 shares in the last quarter. Institutional investors own 84.96% of the company’s stock.

NASDAQ PRMW traded up $0.15 during trading on Friday, reaching $13.76. The company’s stock had a trading volume of 360,762 shares, compared to its average volume of 262,403. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $537.33 million, a price-to-earnings ratio of 40.47, a price-to-earnings-growth ratio of 3.19 and a beta of 0.71. Primo Water has a twelve month low of $10.70 and a twelve month high of $20.72. The business’s fifty day moving average is $12.66.

Primo Water Company Profile

Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the United States and Canada. It operates in three segments: Refill, Exchange, and Dispensers. The Refill segment sells filtered drinking water dispensed directly to consumers through self-service machines.

Further Reading: Short Selling Stocks, A Beginner’s Guide

Get a free copy of the Zacks research report on Primo Water (PRMW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Primo Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primo Water and related companies with MarketBeat.com's FREE daily email newsletter.