Equities research analysts expect that Primo Water Co. (NASDAQ:PRMW) will post $0.06 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Primo Water’s earnings, with estimates ranging from $0.04 to $0.11. Primo Water posted earnings per share of ($0.02) in the same quarter last year, which would suggest a positive year-over-year growth rate of 400%. The company is scheduled to announce its next quarterly earnings report on Tuesday, March 5th.

On average, analysts expect that Primo Water will report full year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.37 to $0.46. For the next year, analysts expect that the firm will post earnings of $0.60 per share, with EPS estimates ranging from $0.55 to $0.67. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Primo Water.

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

PRMW has been the subject of several analyst reports. B. Riley cut their price target on Primo Water from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, November 7th. BMO Capital Markets cut their price target on Primo Water from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, October 24th. Zacks Investment Research cut Primo Water from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Imperial Capital initiated coverage on Primo Water in a research note on Friday, November 16th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Barrington Research restated a “buy” rating and set a $21.00 price target on shares of Primo Water in a research note on Wednesday, October 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $19.20.

NASDAQ PRMW traded up $0.03 on Friday, reaching $13.90. The stock had a trading volume of 122,292 shares, compared to its average volume of 257,445. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 1.94. Primo Water has a 12-month low of $11.16 and a 12-month high of $20.72. The stock has a market cap of $534.48 million, a P/E ratio of -49.64, a P/E/G ratio of 2.34 and a beta of 0.46.

In other news, VP Michael Cauthen sold 1,859 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The stock was 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.50% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in PRMW. Federated Investors Inc. PA raised its position in Primo Water by 229.7% in the third quarter. Federated Investors Inc. PA now owns 1,375 shares of the company’s stock worth $25,000 after acquiring an additional 958 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Primo Water in the fourth quarter worth $36,000. Legal & General Group Plc raised its position in Primo Water by 24.3% in the third quarter. Legal & General Group Plc now owns 4,917 shares of the company’s stock worth $89,000 after acquiring an additional 962 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Primo Water in the fourth quarter worth $169,000. Finally, IFG Advisory LLC purchased a new position in Primo Water in the third quarter worth $225,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.

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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