Primo Water (NYSE:PRMW – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02, Briefing.com reports. The company had revenue of $485.00 million during the quarter, compared to analysts’ expectations of $477.40 million. Primo Water had a return on equity of 9.36% and a net margin of 12.22%. Primo Water’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.22 earnings per share. Primo Water updated its Q3 2024 guidance to EPS and its FY 2024 guidance to EPS.
Primo Water Price Performance
Shares of NYSE:PRMW traded up $0.15 during trading on Friday, reaching $21.55. The stock had a trading volume of 754,907 shares, compared to its average volume of 1,204,956. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.02 and a current ratio of 2.13. The business has a fifty day moving average price of $21.72 and a 200-day moving average price of $19.23. The stock has a market cap of $3.47 billion, a PE ratio of 13.39, a PEG ratio of 1.62 and a beta of 1.10. Primo Water has a 1-year low of $12.92 and a 1-year high of $25.60.
Primo Water Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, August 22nd. Primo Water’s dividend payout ratio (DPR) is presently 22.36%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on PRMW
Primo Water Company Profile
Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.
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