Primo Water Corporation (PRMW) Given News Impact Score of 0.12
Media headlines about Primo Water Corporation (NASDAQ:PRMW) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Primo Water Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.1589360059976 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research analysts recently commented on PRMW shares. ValuEngine raised Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Primo Water Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. Barrington Research increased their price objective on Primo Water Corporation from $16.50 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, May 10th. BidaskClub raised Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Primo Water Corporation in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.10.
Shares of Primo Water Corporation (PRMW) traded up 0.76% during mid-day trading on Wednesday, reaching $11.86. The company’s stock had a trading volume of 168,253 shares. Primo Water Corporation has a 1-year low of $10.74 and a 1-year high of $15.39. The firm’s market capitalization is $354.23 million. The company’s 50-day moving average is $12.26 and its 200 day moving average is $12.75.
Primo Water Corporation (NASDAQ:PRMW) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.09. Primo Water Corporation had a negative return on equity of 42.49% and a negative net margin of 11.15%. The company had revenue of $74.80 million during the quarter, compared to analyst estimates of $73.20 million. During the same period last year, the firm earned $0.11 earnings per share. The business’s revenue was up 117.4% compared to the same quarter last year. On average, analysts expect that Primo Water Corporation will post ($0.31) earnings per share for the current year.
In other news, insider Camden Partners Strategic Fund sold 7,985 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $13.50, for a total value of $107,797.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Billy D. Prim sold 1,000,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $12.16, for a total value of $12,160,000.00. Following the completion of the transaction, the insider now directly owns 1,980,927 shares of the company’s stock, valued at $24,088,072.32. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.
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Primo Water Corporation 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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