Primo Water Co. (NASDAQ:PRMW) – Stock analysts at Barrington Research lowered their FY2018 earnings per share estimates for shares of Primo Water in a research note issued to investors on Tuesday, January 8th. Barrington Research analyst M. Petusky now forecasts that the company will post earnings of ($1.44) per share for the year, down from their prior forecast of $0.30. Barrington Research has a “Buy” rating and a $20.00 price target on the stock.

Primo Water (NASDAQ:PRMW) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $81.80 million during the quarter, compared to analyst estimates of $83.26 million. Primo Water had a negative net margin of 17.88% and a positive return on equity of 10.31%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share.

Other analysts have also issued research reports about the stock. B. Riley lowered their target price on shares of Primo Water from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, November 7th. ValuEngine upgraded shares of Primo Water from a “hold” rating to a “buy” rating in a research note on Saturday, December 15th. BidaskClub upgraded shares of Primo Water from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. Finally, Zacks Investment Research upgraded shares of Primo Water from a “sell” rating to a “hold” rating in a research note on Saturday, November 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $19.20.

PRMW stock opened at $14.54 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.73. Primo Water has a 1-year low of $11.16 and a 1-year high of $20.72. The firm has a market cap of $574.94 million, a price-to-earnings ratio of -51.93, a price-to-earnings-growth ratio of 2.52 and a beta of 0.58.

In other Primo Water news, VP Michael Cauthen sold 1,859 shares of the business’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $14.53, for a total transaction of $27,011.27. Following the completion of the sale, the vice president now owns 5,456 shares in the company, valued at $79,275.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 13.50% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Federated Investors Inc. PA boosted its holdings in shares of Primo Water by 229.7% during the third quarter. Federated Investors Inc. PA now owns 1,375 shares of the company’s stock valued at $25,000 after acquiring an additional 958 shares during the period. Legal & General Group Plc boosted its holdings in shares of Primo Water by 24.3% during the third quarter. Legal & General Group Plc now owns 4,917 shares of the company’s stock valued at $89,000 after acquiring an additional 962 shares during the period. Rhumbline Advisers boosted its holdings in shares of Primo Water by 15.9% during the second quarter. Rhumbline Advisers now owns 26,460 shares of the company’s stock valued at $463,000 after acquiring an additional 3,626 shares during the period. American International Group Inc. boosted its holdings in shares of Primo Water by 23.0% during the third quarter. American International Group Inc. now owns 21,752 shares of the company’s stock valued at $393,000 after acquiring an additional 4,066 shares during the period. Finally, B. Riley Financial Inc. boosted its holdings in shares of Primo Water by 19.3% during the third quarter. B. Riley Financial Inc. now owns 27,696 shares of the company’s stock valued at $500,000 after acquiring an additional 4,471 shares during the period. 75.84% of the stock is owned by institutional investors.

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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