Media headlines about Primo Water Corporation (NASDAQ:PRMW) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Primo Water Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.8352172315942 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Primo Water Corporation (NASDAQ PRMW) traded up $0.12 during trading on Monday, hitting $11.13. 14,362 shares of the company traded hands, compared to its average volume of 198,903. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 4.40.
Primo Water Corporation (NASDAQ:PRMW) last issued its earnings results on Tuesday, August 8th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $74.80 million for the quarter, compared to the consensus estimate of $73.20 million. Primo Water Corporation had a negative return on equity of 42.49% and a negative net margin of 11.15%. Primo Water Corporation’s revenue for the quarter was up 117.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. research analysts anticipate that Primo Water Corporation will post -0.31 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine cut shares of Primo Water Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. B. Riley reiterated a “buy” rating and issued a $17.50 price objective on shares of Primo Water Corporation in a research note on Sunday, August 13th. Finally, BidaskClub upgraded shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Primo Water Corporation has an average rating of “Hold” and an average price target of $17.38.
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In other news, insider Billy D. Prim sold 1,000,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $12.16, for a total value of $12,160,000.00. Following the sale, the insider now directly owns 1,980,927 shares of the company’s stock, valued at $24,088,072.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Malcolm Mcquilkin sold 13,714 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $11.70, for a total transaction of $160,453.80. Following the completion of the sale, the director now directly owns 101,246 shares in the company, valued at $1,184,578.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,040,858 shares of company stock worth $12,639,169. Insiders own 15.80% of the company’s stock.
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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