Press coverage about Primo Water Corporation (NASDAQ:PRMW) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Primo Water Corporation earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the company an impact score of 40 out of 100, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- FY2017 Earnings Forecast for Primo Water Corporation (NASDAQ:PRMW) Issued By Barrington Research (americanbankingnews.com)
- Q3 2017 EPS Estimates for Primo Water Corporation Increased by Barrington Research (NASDAQ:PRMW) (americanbankingnews.com)
- Primo Water Corp (PRMW) Needle Moving 2.36% – Stock Press Daily (stockpressdaily.com)
- Primo Water Announces Second Quarter Financial Results – GlobeNewswire (press release) (globenewswire.com)
Several analysts have weighed in on PRMW shares. B. Riley reiterated a “buy” rating and issued a $17.50 price objective on shares of Primo Water Corporation in a research report on Saturday, May 13th. Barrington Research boosted their target price 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. Zacks Investment Research raised Primo Water Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine cut Primo Water Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Primo Water Corporation in a research note on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Primo Water Corporation presently has an average rating of “Hold” and a consensus target price of $17.10.
Primo Water Corporation (NASDAQ PRMW) traded up 4.28% on Friday, reaching $12.66. The company’s stock had a trading volume of 212,605 shares. The company’s market capitalization is $377.83 million. The firm’s 50 day moving average price is $12.69 and its 200-day moving average price is $13.05. Primo Water Corporation has a 1-year low of $10.74 and a 1-year high of $15.39.
Primo Water Corporation (NASDAQ:PRMW) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.09. Primo Water Corporation had a negative net margin of 11.15% and a negative return on equity of 44.11%. The company had revenue of $74.80 million for the quarter, compared to analyst estimates of $73.20 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. Primo Water Corporation’s revenue was up 117.4% on a year-over-year basis. Equities analysts forecast that Primo Water Corporation will post ($0.31) earnings per share for the current year.
In related news, insider Camden Partners Strategic Fund sold 7,985 shares of Primo Water Corporation stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $13.50, for a total transaction of $107,797.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 2,750 shares of company stock valued at $30,050 over the last 90 days. Insiders own 15.80% of the company’s stock.
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About Primo Water Corporation
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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