Headlines about Primo Water (NASDAQ:PRMW) have trended somewhat positive this week, Alpha One Sentiment reports. The research firm, a service of Accern, scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Primo Water earned a news impact score of 0.22 on Alpha One’s scale. Alpha One also assigned news coverage about the company an impact score of 80 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Alpha One Sentiment’s scoring:
- PRIMO WATER CORPORATION (NASDAQ:PRMW) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
- ETFs with exposure to Primo Water Corp. : May 18, 2017 (finance.yahoo.com)
- The FY2017 EPS Estimates for Primo Water Co. Decreased by Barrington Research (PRMW) – BangaloreWeekly (bangaloreweekly.com)
- The Primo Water Co. (PRMW) Shares Down 8.6% After Earnings Miss – BangaloreWeekly (bangaloreweekly.com)
- Primo Water Corp. :PRMW-US: Earnings Analysis: Q1, 2017 By the Numbers : May 15, 2017 (finance.yahoo.com)
Shares of Primo Water (NASDAQ:PRMW) traded up 0.54% during trading on Friday, hitting $11.08. 174,885 shares of the stock were exchanged. The stock’s 50 day moving average price is $12.18 and its 200-day moving average price is $13.02. Primo Water has a one year low of $10.25 and a one year high of $15.39. The company’s market cap is $331.13 million.
Primo Water (NASDAQ:PRMW) last issued its quarterly earnings data on Tuesday, May 9th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.28) by $0.09. Primo Water had a return on equity of 24.69% and a net margin of 4.34%. The company had revenue of $60.70 million during the quarter, compared to analyst estimates of $64.56 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The business’s revenue was up 88.0% compared to the same quarter last year. On average, analysts predict that Primo Water will post ($0.20) EPS for the current year.
A number of brokerages have recently commented on PRMW. B. Riley reaffirmed a “buy” rating and set a $17.50 target price on shares of Primo Water in a research report on Saturday, May 13th. Zacks Investment Research lowered shares of Primo Water from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. Barrington Research raised their target price on shares of Primo Water from $16.50 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 target price on shares of Primo Water in a research report on Monday, April 3rd. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $20.00 target price (up from $16.50) on shares of Primo Water in a research report on Thursday, March 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.10.
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In other news, insider Camden Partners Strategic Fund sold 13,249 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders bought 1,750 shares of company stock worth $19,260. Company insiders own 18.70% of the company’s stock.
Primo Water Company Profile
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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