Primo Brands Corporation (PRMB) To Go Ex-Dividend on June 4th

Primo Brands Corporation (NYSE:PRMB) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Thursday, June 4th will be given a dividend of 0.12 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, June 4th.

Primo Brands has decreased its dividend by an average of 0.0%per year over the last three years.

Primo Brands Trading Down 1.1%

NYSE:PRMB opened at $24.52 on Tuesday. The firm has a market cap of $8.90 billion, a PE ratio of 175.11, a price-to-earnings-growth ratio of 2.13 and a beta of 0.66. The stock has a fifty day moving average price of $20.90 and a 200 day moving average price of $19.07. Primo Brands has a 12-month low of $14.36 and a 12-month high of $33.04. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.72.

Primo Brands (NYSE:PRMB) last released its earnings results on Thursday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Primo Brands had a net margin of 0.88% and a return on equity of 13.98%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. Sell-side analysts anticipate that Primo Brands will post 1.25 earnings per share for the current fiscal year.

About Primo Brands

Primo Brands (NYSE: PRMB) is a consumer packaged beverage company that was established as an independent entity following a corporate spin‐off in 2023. The company specializes in the production, marketing and distribution of a broad portfolio of bottled water products, including purified, mineral and sparkling varieties. Through its focus on quality control and innovation, Primo Brands aims to deliver clean, great-tasting water in formats tailored to both at-home consumption and on-the-go lifestyles.

Its product range spans multi-serve and single-serve bottles, aluminum cans and other eco-friendly packaging solutions.