Primo Water Co. (PRMW) Forecasted to Earn Q1 2018 Earnings of ($0.06) Per Share
Primo Water Co. (NASDAQ:PRMW) – Investment analysts at B. Riley issued their Q1 2018 earnings per share estimates for Primo Water in a report issued on Wednesday. B. Riley analyst K. Anderson forecasts that the company will earn ($0.06) per share for the quarter. B. Riley currently has a “Buy” rating and a $18.00 target price on the stock. B. Riley also issued estimates for Primo Water’s FY2018 earnings at $0.18 EPS and FY2019 earnings at $0.38 EPS.
Several other brokerages have also issued reports on PRMW. BidaskClub upgraded Primo Water from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. ValuEngine lowered Primo Water from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered Primo Water from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.20.
In related news, insider Camden Partners Strategic Fund sold 58,383 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $12.35, for a total transaction of $721,030.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David L. Warnock sold 33,226 shares of the business’s 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 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. In the last quarter, insiders sold 93,526 shares of company stock worth $1,155,653. Corporate insiders own 15.80% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Caption Management LLC bought a new stake in Primo Water during the 4th quarter worth $101,000. MetLife Investment Advisors LLC bought a new stake in Primo Water during the 4th quarter worth $138,000. Driehaus Capital Management LLC bought a new stake in Primo Water during the 4th quarter worth $166,000. Nationwide Fund Advisors grew its position in Primo Water by 17.1% during the 2nd quarter. Nationwide Fund Advisors now owns 14,328 shares of the company’s stock worth $182,000 after acquiring an additional 2,097 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in Primo Water by 16.5% during the 2nd quarter. Voya Investment Management LLC now owns 14,347 shares of the company’s stock worth $182,000 after acquiring an additional 2,028 shares during the last quarter. Institutional investors and hedge funds own 72.08% 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).
Receive News & Ratings for Primo Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primo Water and related companies with MarketBeat.com's FREE daily email newsletter.