News articles about Primo Water (NASDAQ:PRMW) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Primo Water earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6654273611177 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms have recently weighed in on PRMW. ValuEngine upgraded shares of Primo Water from a “sell” rating to a “hold” rating in a report on Friday, September 1st. B. Riley reiterated a “buy” rating and issued a $17.50 price target on shares of Primo Water in a report on Sunday, August 13th. Zacks Investment Research cut shares of Primo Water from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. BidaskClub upgraded shares of Primo Water from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Primo Water in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.10.
Primo Water (NASDAQ PRMW) traded up 0.08% on Monday, hitting $11.91. 99,145 shares of the stock traded hands. The stock has a 50-day moving average price of $11.98 and a 200 day moving average price of $12.64. Primo Water has a 1-year low of $10.74 and a 1-year high of $15.39. The company’s market cap is $355.73 million.
Primo Water (NASDAQ:PRMW) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company had revenue of $74.80 million for the quarter, compared to analyst estimates of $73.20 million. Primo Water had a negative return on equity of 15.94% and a negative net margin of 3.31%. The business’s quarterly revenue was up 117.4% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. On average, analysts anticipate that Primo Water will post ($0.31) EPS for the current fiscal year.
In related news, insider Camden Partners Strategic Fund sold 7,985 shares of Primo Water stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $13.50, for a total value of $107,797.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Malcolm Mcquilkin sold 11,082 shares of Primo Water stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $11.86, for a total transaction of $131,432.52. Following the completion of the sale, the director now directly owns 126,042 shares of the company’s stock, valued at approximately $1,494,858.12. The disclosure for this sale can be found here. In the last three months, insiders sold 1,032,781 shares of company stock valued at $12,559,684. 15.80% of the stock is currently owned by insiders.
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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