Primo Water Corporation (NASDAQ:PRMW) Receives Media Sentiment Rating of 0.12
Media headlines about Primo Water Corporation (NASDAQ:PRMW) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Primo Water Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.8549614012865 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Primo Water Corporation (NASDAQ:PRMW) Stock Rating Reaffirmed by B. Riley (americanbankingnews.com)
- Primo Water Corporation (PRMW) Downgraded by Zacks Investment Research to “Sell” (americanbankingnews.com)
- Primo Water Corporation (NASDAQ:PRMW) Expected to Announce Earnings of $0.11 Per Share (americanbankingnews.com)
- Share Activity Lifted for Primo Water Corp (PRMW) in Session – Stock Press Daily (stockpressdaily.com)
- FY2017 Earnings Forecast for Primo Water Corporation (NASDAQ:PRMW) Issued By Barrington Research (americanbankingnews.com)
A number of equities analysts recently weighed in on PRMW shares. B. Riley reaffirmed a “buy” rating and set a $17.50 price objective on shares of Primo Water Corporation in a research report on Saturday, May 13th. ValuEngine raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research raised shares of Primo Water Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Primo Water Corporation in a research report on Friday, June 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.10.
Primo Water Corporation (NASDAQ:PRMW) traded up 4.28% during midday trading on Friday, reaching $12.66. 212,605 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $12.67 and its 200 day moving average is $13.05. Primo Water Corporation has a 52 week low of $10.74 and a 52 week high of $15.39. The firm’s market capitalization is $377.83 million.
Primo Water Corporation (NASDAQ:PRMW) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.09. Primo Water Corporation had a negative return on equity of 42.49% and a negative net margin of 11.15%. The business had revenue of $74.80 million for the quarter, compared to analysts’ expectations of $73.20 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Primo Water Corporation’s quarterly revenue was up 117.4% compared to the same quarter last year. On average, analysts expect that Primo Water Corporation will post ($0.31) EPS for the current fiscal year.
In other Primo Water Corporation news, insider Camden Partners Strategic Fund sold 7,985 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $13.50, for a total transaction of $107,797.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have acquired 2,750 shares of company stock valued at $30,050. 15.80% of the stock is owned by insiders.
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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).
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