News headlines about Primo Water Corporation (NASDAQ:PRMW) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Primo Water Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.0543367869203 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- ETFs with exposure to Primo Water Corp. : October 11, 2017 (finance.yahoo.com)
- Primo Water Corporation (PRMW) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Looming tax debate highlights corporate loopholes. Here’s who dodged the taxman in the Triad (bizjournals.com)
- $77.60 Million in Sales Expected for Primo Water Corporation (PRMW) This Quarter (americanbankingnews.com)
- Primo Water Corporation (PRMW) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
PRMW has been the topic of several recent analyst reports. ValuEngine upgraded shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley reaffirmed a “buy” rating and set a $17.50 price objective on shares of Primo Water Corporation in a research note on Sunday, August 13th. Finally, BidaskClub raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Primo Water Corporation has a consensus rating of “Hold” and a consensus target price of $17.38.
Primo Water Corporation (NASDAQ PRMW) traded down 1.86% during trading on Thursday, hitting $10.57. 349,507 shares of the stock traded hands. The company’s market cap is $315.70 million. The company’s 50 day moving average price is $11.42 and its 200 day moving average price is $12.22. Primo Water Corporation has a 12 month low of $10.54 and a 12 month high of $15.39.
Primo Water Corporation (NASDAQ:PRMW) last announced 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 net margin of 11.15% and a negative return on equity of 42.49%. The company had revenue of $74.80 million during the quarter, compared to analysts’ expectations of $73.20 million. During the same quarter in the previous year, the business posted $0.11 EPS. The business’s quarterly revenue was up 117.4% compared to the same quarter last year. On average, equities research analysts anticipate that Primo Water Corporation will post ($0.31) EPS for the current fiscal year.
In other news, insider Billy D. Prim sold 1,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $12.16, for a total transaction of $12,160,000.00. Following the sale, the insider now owns 1,980,927 shares of the company’s stock, valued at approximately $24,088,072.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Malcolm Mcquilkin sold 11,082 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $11.86, for a total value of $131,432.52. Following the sale, the director now directly owns 126,042 shares in the company, valued at approximately $1,494,858.12. The disclosure for this sale can be found here. Insiders have sold a total of 1,040,858 shares of company stock worth $12,639,169 in the last three months. Corporate insiders own 15.80% of the company’s stock.
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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