Primo Water (NYSE:PRMW – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02, Briefing.com reports. The firm had revenue of $485.00 million for the quarter, compared to analysts’ expectations of $477.40 million. Primo Water had a net margin of 12.22% and a return on equity of 9.36%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. Primo Water updated its Q3 2024 guidance to EPS and its FY 2024 guidance to EPS.
Primo Water Price Performance
Shares of PRMW stock traded up $0.15 on Friday, reaching $21.55. The company’s stock had a trading volume of 754,907 shares, compared to its average volume of 1,204,956. The stock’s fifty day simple moving average is $21.72 and its 200-day simple moving average is $19.23. Primo Water has a 1 year low of $12.92 and a 1 year high of $25.60. The company has a current ratio of 2.13, a quick ratio of 2.02 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10.
Primo Water Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, August 22nd. Primo Water’s dividend payout ratio (DPR) is presently 22.36%.
Analysts Set New Price Targets
Primo Water Company Profile
Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.
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