Barrington Research Analysts Raise Earnings Estimates for Primo Water Corporation (PRMW)

Primo Water Corporation (NASDAQ:PRMW) – Investment analysts at Barrington Research boosted their FY2017 earnings per share (EPS) estimates for shares of Primo Water Corporation in a research note issued on Wednesday. Barrington Research analyst M. Petusky now anticipates that the company will post earnings of ($0.24) per share for the year, up from their previous estimate of ($0.26). Barrington Research currently has a “Outperform” rating and a $19.00 target price on the stock. Barrington Research also issued estimates for Primo Water Corporation’s Q4 2018 earnings at $0.07 EPS and FY2019 earnings at $0.45 EPS.

ILLEGAL ACTIVITY NOTICE: “Barrington Research Analysts Raise Earnings Estimates for Primo Water Corporation (PRMW)” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/11/15/barrington-research-analysts-raise-earnings-estimates-for-primo-water-corporation-prmw.html.

Other analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $17.50 target price on shares of Primo Water Corporation in a report on Monday, August 7th. Zacks Investment Research raised shares of Primo Water Corporation from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, November 10th. Finally, ValuEngine downgraded shares of Primo Water Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Primo Water Corporation presently has a consensus rating of “Hold” and a consensus target price of $17.10.

Shares of Primo Water Corporation (NASDAQ PRMW) opened at $12.67 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 3.99. Primo Water Corporation has a fifty-two week low of $10.47 and a fifty-two week high of $15.39.

A number of institutional investors and hedge funds have recently made changes to their positions in PRMW. HighTower Advisors LLC raised 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 valued at $145,000 after buying an additional 300 shares during the last quarter. US Bancorp DE raised its position in shares of Primo Water Corporation by 23.0% in the second quarter. US Bancorp DE now owns 12,159 shares of the company’s stock valued at $155,000 after buying an additional 2,275 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of Primo Water Corporation in the second quarter valued at approximately $159,000. Teton Advisors Inc. acquired a new position in shares of Primo Water Corporation in the second quarter valued at approximately $165,000. Finally, American International Group Inc. raised its position in shares of Primo Water Corporation by 7.5% in the first quarter. American International Group Inc. now owns 13,052 shares of the company’s stock valued at $177,000 after buying an additional 910 shares during the last quarter. Institutional investors own 63.13% of the company’s stock.

In other Primo Water Corporation news, Director Malcolm Mcquilkin sold 16,062 shares of Primo Water Corporation stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $11.66, for a total transaction of $187,282.92. Following the completion of the transaction, the director now owns 105,345 shares in the company, valued at $1,228,322.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 40,858 shares of company stock valued at $479,169. 15.80% of the stock is currently owned by company insiders.

About Primo Water Corporation

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).

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

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

Leave a Reply