Primo Brands Corporation (NYSE:PRMB – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Investors of record on Tuesday, November 24th will be paid a dividend of $0.12 per share on Friday, December 4th. This represents a $0.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, November 24th.
Primo Brands Trading Up 4.9%
PRMB traded up $1.04 during trading on Thursday, reaching $22.06. The company had a trading volume of 10,597,115 shares, compared to its average volume of 4,667,027. The firm’s 50-day simple moving average is $20.33 and its 200 day simple moving average is $21.42. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 1.05. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 84.83, a PEG ratio of 2.08 and a beta of 0.73. Primo Brands has a 12-month low of $14.36 and a 12-month high of $26.21.
Primo Brands (NYSE:PRMB – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Primo Brands had a net margin of 1.49% and a return on equity of 14.24%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Primo Brands will post 1.27 earnings per share for the current year.
Primo Brands Company Profile
Primo Brands Corporation is a beverage company focused on providing water and hydration products across North America. The company offers bottled water, water dispensers, refill services, filtration products and other beverage options for households, businesses and retail customers.
Its portfolio includes well-known regional and national water brands such as Poland Spring, Deer Park, Ice Mountain, Arrowhead, Ozarka, Zephyrhills, Pure Life and Primo. Products are distributed through retail stores, direct delivery, e-commerce and workplace and residential water services.
Primo Brands was created through the combination of Primo Water Corporation and BlueTriton Brands, a transaction completed in 2024.
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