Primo Water Co. (NASDAQ:PRMW) Director Susan E. Cates Buys 5,000 Shares
Primo Water Co. (NASDAQ:PRMW) Director Susan E. Cates purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average cost of $12.23 per share, for a total transaction of $61,150.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NASDAQ PRMW traded up $0.17 during mid-day trading on Thursday, hitting $12.10. The company had a trading volume of 16,955 shares, compared to its average volume of 529,574. The stock has a market cap of $467.90 million, a price-to-earnings ratio of 35.37, a PEG ratio of 3.98 and a beta of 0.71. Primo Water Co. has a 12 month low of $10.70 and a 12 month high of $20.62. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.99 and a quick ratio of 0.71. The firm’s 50 day simple moving average is $13.24 and its two-hundred day simple moving average is $13.69.
Primo Water (NASDAQ:PRMW) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $79.30 million during the quarter, compared to the consensus estimate of $78.01 million. Primo Water had a positive return on equity of 11.75% and a negative net margin of 18.85%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. Equities analysts forecast that Primo Water Co. will post 0.26 earnings per share for the current year.
Several brokerages recently issued reports on PRMW. BMO Capital Markets set a $19.00 price target on Primo Water and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine raised Primo Water from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. Zacks Investment Research raised Primo Water from a “sell” rating to a “hold” rating in a report on Thursday. Imperial Capital cut their price target on Primo Water from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Northland Securities reissued a “buy” rating and issued a $19.00 price target on shares of Primo Water in a report on Tuesday, June 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.00.
Primo Water Company Profile
Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the United States and Canada. It operates in three segments: Refill, Exchange, and Dispensers. The Refill segment sells filtered drinking water dispensed directly to consumers through self-service machines.
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