Primo Water Corporation (PRMW) Latest Earnings Release EPS Down By $-0.05

Primo Water Corporation (PRMW) announced its most recent quarterly financial results on Wednesday, Mar-15-2017. PRMW reported $+0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.10. The company posted revenue of $40.40 million in the period, compared to analysts expectations of $37.85 million. PRMW’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Based on several research reports , Company shares were Reiterated by Barrington Research on Mar 16, 2017 to “Outperform”, Firm has raised the Price Target to $ 16.50 from a previous price target of $15 .Company shares were Reiterated by Lake Street on Mar 16, 2017 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $16.50 .

Several company insiders have filed Insider transactions , on Jan 11, 2017, David J Mills (Vice President Finance) sold 5,669 shares at $13.00 per share price. According to the SEC, on Jun 9, 2015, Jack C. Kilgore (director) purchased 5,685 shares at $6.07 per share price.

Primo Water Corporation opened for trading at $15.29 and hit $15.29 on the upside on Wednesday, eventually ending the session at $14.98, with a gain of 3.67% or 0.53 points. The heightened volatility saw the trading volume jump to 2,06,889 shares. Company has a market cap of $391 M.

Primo Water Corporation is a provider of multi-gallon purified bottled water self-service refill water and water dispensers. The Company’s products provide a solution for consuming purified and filtered water. It provides retailers throughout the United States and Canada with single-vendor solutions for Exchange and Refill services. Its Exchange solution offers retailers financial margins and the ability to optimize typically unused retail space with its displays. Its Refill solution provides filtered water through the installation and servicing of reverse osmosis water filtration systems in the back room of the retailer’s store location which minimizes the usage of the customer’s retail space. The Company has two operational segments: Primo Water (Water) and Primo Dispensers (Dispensers).

Primo Water Corporation

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