News stories about Primo Water (NASDAQ:PRMW) have trended positive recently, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Primo Water earned a coverage optimism score of 0.30 on AlphaOne’s scale. AlphaOne also gave headlines about the company an impact score of 92 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s scoring:
- The Primo Water Co. (PRMW) Price Target Increased to $17.00 by Analysts at Barrington Research – BangaloreWeekly (bangaloreweekly.com)
- The Analysts Anticipate Primo Water Co. (PRMW) Will Post Earnings of $0.02 Per Share – BangaloreWeekly (bangaloreweekly.com)
- PRIMO WATER CORPORATION (NASDAQ:PRMW) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
- ETFs with exposure to Primo Water Corp. : May 18, 2017 (finance.yahoo.com)
- The FY2017 EPS Estimates for Primo Water Co. Decreased by Barrington Research (PRMW) – BangaloreWeekly (bangaloreweekly.com)
Shares of Primo Water (NASDAQ:PRMW) traded up 1.26% on Monday, reaching $11.22. 101,847 shares of the company were exchanged. Primo Water has a 12-month low of $10.25 and a 12-month high of $15.39. The firm’s market capitalization is $335.31 million. The company’s 50 day moving average is $12.13 and its 200 day moving average is $13.01.
Primo Water (NASDAQ:PRMW) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.28) by $0.09. The company had revenue of $60.70 million during the quarter, compared to the consensus estimate of $64.56 million. Primo Water had a return on equity of 24.69% and a net margin of 4.34%. The business’s revenue was up 88.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. Analysts forecast that Primo Water will post ($0.20) earnings per share for the current year.
Several research analysts have recently weighed in on the stock. Lake Street Capital restated a “buy” rating and set a $20.00 price objective (up from $16.50) on shares of Primo Water in a research note on Thursday, March 16th. Barrington Research restated an “outperform” rating and set a $16.50 price objective (up from $15.00) on shares of Primo Water in a research note on Thursday, March 16th. B. Riley restated a “buy” rating and set a $16.50 price objective on shares of Primo Water in a research note on Tuesday, March 14th. Zacks Investment Research lowered shares of Primo Water from a “buy” rating to a “hold” rating in a research note on Wednesday, March 15th. Finally, BMO Capital Markets restated a “market perform” rating and set a $15.00 price objective on shares of Primo Water in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Primo Water presently has a consensus rating of “Hold” and a consensus target price of $17.10.
In other Primo Water news, insider Camden Partners Strategic Fund sold 13,249 shares of Primo Water stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $13.85, for a total value of $183,498.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 1,750 shares of company stock worth $19,260. Insiders own 18.70% of the company’s stock.
Primo Water Company Profile
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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