Wall Street analysts predict that Primo Water Co. (NASDAQ:PRMW) will announce $0.02 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Primo Water’s earnings, with estimates ranging from $0.01 to $0.03. Primo Water posted earnings of ($0.39) per share during the same quarter last year, which would suggest a positive year over year growth rate of 105.1%. The company is expected to announce its next earnings report on Wednesday, March 21st.

According to Zacks, analysts expect that Primo Water will report full year earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.29) to ($0.24). For the next financial year, analysts anticipate that the business will post earnings of $0.32 per share, with EPS estimates ranging from $0.28 to $0.37. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Primo Water.

Several brokerages have weighed in on PRMW. ValuEngine lowered Primo Water from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. BidaskClub lowered Primo Water from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Zacks Investment Research lowered Primo Water from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. B. Riley reaffirmed a “buy” rating and issued a $17.50 price target on shares of Primo Water in a report on Wednesday, November 8th. Finally, Barrington Research raised their price target on Primo Water from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.10.

In related news, insider Camden Partners Strategic Fund sold 58,383 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $12.35, for a total value of $721,030.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David L. Warnock sold 33,226 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $12.37, for a total value of $411,005.62. Following the completion of the sale, the director now owns 25,157 shares in the company, valued at approximately $311,192.09. The disclosure for this sale can be found here. Insiders sold 130,295 shares of company stock valued at $1,636,440 over the last ninety days. Corporate insiders own 15.80% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors raised its position in shares of Primo Water by 17.1% in the second quarter. Nationwide Fund Advisors now owns 14,328 shares of the company’s stock worth $182,000 after buying an additional 2,097 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Primo Water by 16.5% in the second quarter. Voya Investment Management LLC now owns 14,347 shares of the company’s stock worth $182,000 after buying an additional 2,028 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Primo Water in the second quarter worth $218,000. Thompson Davis & CO. Inc. raised its position in shares of Primo Water by 70.0% in the third quarter. Thompson Davis & CO. Inc. now owns 21,250 shares of the company’s stock worth $252,000 after buying an additional 8,750 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Primo Water by 20.8% in the second quarter. The Manufacturers Life Insurance Company now owns 21,080 shares of the company’s stock worth $267,000 after buying an additional 3,625 shares in the last quarter. Institutional investors own 68.44% of the company’s stock.

Shares of Primo Water (PRMW) traded up $0.07 during midday trading on Friday, reaching $12.27. The company’s stock had a trading volume of 145,200 shares, compared to its average volume of 197,910. Primo Water has a 1-year low of $10.47 and a 1-year high of $15.29. The company has a market capitalization of $366.18, a price-to-earnings ratio of -17.78, a price-to-earnings-growth ratio of 3.85 and a beta of -0.32. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 3.99.

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About Primo Water

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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Earnings History and Estimates for Primo Water (NASDAQ:PRMW)

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