Analysis of Primo Water Corporation (PRMW)’s performance, earnings and valuation

As of right now, Primo Water Corporation [PRMW] is trading at $14.74, up 1.17%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PRMW shares have lost -2.06% over the last week, with a monthly amount drifted -8.79%, and not seem to be holding up well over a long-time horizon.

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On 16, March 2023, Primo Water Appoints Eric J. Foss to Its Board of Directors. In a post published today on Yahoo Finance, Brings Broad-Based Leadership and Experience Running Global, Scale Beverage and Route-Based Businesses.

From an analyst’s perspective:

Primo Water Corporation [NYSE: PRMW] stock has seen the most recent analyst activity on February 24, 2023, when CIBC downgraded its rating to a Neutral. Previously, Scotiabank upgraded its rating to Sector Outperform on March 09, 2021. On January 08, 2021, upgrade upgraded it’s rating to Strong Buy and revised its price target to $21 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $17 on September 22, 2020. Deutsche Bank initiated its recommendation with a Hold and recommended $12 as its price target on April 20, 2020. BMO Capital Markets downgraded its rating to Market Perform for this stock on January 14, 2020. In a note dated November 06, 2019, Lake Street downgraded an Hold rating on this stock and revised its target price from $18 to $14.

Through the last year, Primo Water Corporation’s stock price ranged from $12.15 to $16.47. Currently, Wall Street analysts expect the stock to reach $20.28 within the next 12 months. Primo Water Corporation [NYSE: PRMW] shares were valued at $14.74 at the most recent close of the market. An investor can expect a potential return of 37.58% based on the average PRMW price forecast.

Analyzing the PRMW fundamentals

For Primo Water Corporation, (PRMW), the latest quarter sales were 533.0 billion, which represents an 2.90% increase. Gross Margin for this corporation currently stands at +58.39% with Operating Margin at +6.38%, Pretax Margin comes in at +2.23%, and Net Margin reading is +1.34%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.50 points at the first support level, and at 14.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.91, and for the 2nd resistance point, it is at 15.07.

Primo Water Corporation [PRMW] reported earnings per share of $0.22 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.22/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.21 per share as compared to estimates of $0.16 per share, a difference of $0.05 representing a surprise of 31.20%.

Ratios To Look Out For

It is important to note that Primo Water Corporation [NYSE:PRMW] has a current ratio of 0.80. Also, the Quick Ratio is 0.62, while the Cash Ratio stands at 0.18.

Transactions by insiders

Recent insider trading involved FOWDEN JEREMY S G, Director, that happened on Feb 08 when 47630.0 shares were sold. Director, FOWDEN JEREMY S G completed a deal on Jan 09 to sell 90463.0 shares. Meanwhile, Director FOWDEN JEREMY S G sold 3760.0 shares on Jan 06.