Primo Brands (NYSE:PRMB) Releases Earnings Results, Misses Estimates By $0.08 EPS

Primo Brands (NYSE:PRMB) posted its earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.08), Zacks reports. Primo Brands had a net margin of 13.63% and a return on equity of 8.80%. Primo Brands updated its FY 2025 guidance to EPS.

Primo Brands Trading Down 0.9 %

Shares of Primo Brands stock traded down $0.30 during midday trading on Thursday, reaching $32.52. The company had a trading volume of 1,165,235 shares, compared to its average volume of 1,812,510. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86. The firm has a market cap of $12.33 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 0.79 and a beta of 1.10. The company’s fifty day moving average is $32.02. Primo Brands has a 1-year low of $14.10 and a 1-year high of $34.14.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PRMB shares. TD Securities lifted their target price on shares of Primo Brands from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Primo Brands in a research note on Monday, November 18th. They issued a “buy” rating and a $33.00 target price for the company. BMO Capital Markets started coverage on shares of Primo Brands in a research note on Monday, January 6th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Royal Bank of Canada raised their price target on shares of Primo Brands from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, January 6th.

Primo Brands Company Profile

Primo Brands Corp. is a branded beverage company, which focuses on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in the United States and Canada. The company provides water filtration units for home and business consumers across North America.