News articles about Primo Water (NASDAQ:PRMW) have been trending positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a unit of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Primo Water earned a news impact score of 0.40 on AlphaOne’s scale. AlphaOne also gave news coverage about the company an impact score of 97 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Alpha One’s analysis:
- ETFs with exposure to Primo Water Corp. : April 20, 2017 (finance.yahoo.com)
- Primo Water Co. (PRMW) Expected to Announce Quarterly Sales of $64.09 Million (americanbankingnews.com)
- -$0.28 EPS Expected for Primo Water Co. (PRMW) This Quarter (americanbankingnews.com)
- Primo Water (PRMW) Getting Favorable News Coverage, AlphaOne Reports (americanbankingnews.com)
- Primo Water (PRMW) Receiving Positive News Coverage, AlphaOne Reports (americanbankingnews.com)
Several equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 price target on shares of Primo Water in a research report on Monday, April 3rd. B. Riley reaffirmed a “buy” rating and issued a $17.50 price target on shares of Primo Water in a research report on Wednesday, March 22nd. Zacks Investment Research cut shares of Primo Water from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Barrington Research reissued an “outperform” rating and set a $16.50 target price (up previously from $15.00) on shares of Primo Water in a research report on Thursday, March 16th. Finally, Lake Street Capital reissued a “buy” rating and set a $20.00 target price (up previously from $16.50) on shares of Primo Water in a research report on Thursday, March 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $17.00.
Primo Water (NASDAQ:PRMW) traded down 0.59% during trading on Thursday, hitting $11.71. 383,784 shares of the company’s stock traded hands. The stock’s market cap is $346.30 million. The company’s 50 day moving average is $13.45 and its 200-day moving average is $13.22. Primo Water has a 12 month low of $10.15 and a 12 month high of $15.39.
Primo Water (NASDAQ:PRMW) last released its quarterly earnings results on Wednesday, March 15th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.25. Primo Water had a net margin of 4.34% and a return on equity of 24.69%. The business had revenue of $40.40 million for the quarter, compared to the consensus estimate of $37.85 million. During the same period last year, the firm earned $0.04 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. On average, analysts predict that Primo Water will post ($0.03) earnings per share for the current year.
In other Primo Water news, insider Camden Partners Strategic Fund sold 13,249 shares of the stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $13.85, for a total value of $183,498.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 18.70% of the stock is currently owned by company insiders.
Primo Water Company Profile
Primo Water Corporation is a provider of 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. The Company conducts its operations through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).
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