Brokerages expect Primo Water Co. (NASDAQ:PRMW) to announce $0.04 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Primo Water’s earnings, with estimates ranging from $0.02 to $0.05. Primo Water reported earnings of $0.07 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 42.9%. The business is expected to report its next earnings report on Tuesday, March 3rd.

According to Zacks, analysts expect that Primo Water will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.25. For the next fiscal year, analysts forecast that the firm will post earnings of $0.36 per share, with EPS estimates ranging from $0.32 to $0.41. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Primo Water.

Primo Water (NASDAQ:PRMW) last posted its earnings results on Tuesday, November 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.07). The business had revenue of $86.97 million during the quarter, compared to analysts’ expectations of $84.78 million. Primo Water had a return on equity of 7.11% and a net margin of 1.29%.

Several equities analysts have recently weighed in on PRMW shares. ValuEngine upgraded shares of Primo Water from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Northland Securities downgraded shares of Primo Water from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $16.00 to $14.00 in a research note on Monday. William Blair downgraded shares of Primo Water from an “outperform” rating to a “market perform” rating in a research note on Monday. Imperial Capital reiterated an “outperform” rating and issued a $14.00 target price (down previously from $15.00) on shares of Primo Water in a research note on Wednesday, December 4th. Finally, Lake Street Capital downgraded shares of Primo Water from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $14.00 in a research note on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Primo Water has a consensus rating of “Hold” and a consensus price target of $14.17.

Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP purchased a new position in Primo Water during the 1st quarter valued at $4,509,000. Aperio Group LLC purchased a new stake in Primo Water during the 2nd quarter valued at approximately $35,000. Wells Fargo & Company MN grew its holdings in Primo Water by 7.2% during the 2nd quarter. Wells Fargo & Company MN now owns 174,133 shares of the company’s stock valued at $2,143,000 after buying an additional 11,733 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Primo Water during the 2nd quarter valued at approximately $1,602,000. Finally, Bank of Montreal Can grew its holdings in Primo Water by 26,645.5% during the 2nd quarter. Bank of Montreal Can now owns 2,942 shares of the company’s stock valued at $36,000 after buying an additional 2,931 shares in the last quarter. Institutional investors own 85.68% of the company’s stock.

Shares of PRMW traded up $0.27 during trading hours on Friday, hitting $14.43. The company’s stock had a trading volume of 4,255,923 shares, compared to its average volume of 2,345,102. The company has a market cap of $553.21 million, a price-to-earnings ratio of 42.43, a PEG ratio of 3.66 and a beta of 0.72. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.92 and a quick ratio of 0.70. The business has a 50 day simple moving average of $10.95 and a two-hundred day simple moving average of $12.00. Primo Water has a 52-week low of $9.54 and a 52-week high of $16.35.

About Primo Water

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.

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