Primo Water Corp (NYSE: PRMW) has reported earnings for its first fiscal quarter (ending March 31) of $0.12 versus $0.02 for the same period a year ago — an increase of 500%. Relative to the consensus estimate of $0.18, this was a shortfall of $-0.06. For the latest four quarters through March 31, E.P.S. were $0.50 compared to $0.38 a year ago — an increase of 32%.
Recent Price Action
Primo Water Corp (NYSE: PRMW) stock enjoyed a large increase of 4.4% on 5/9/24. The stock closed at $20.99. Moreover, this advance was accompanied by exceptionally high trading volume at 445% of normal. The stock has risen 10.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRMW is expected to continue to be an important Value Builder.
Primo Water has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Primo Water has a poor Appreciation Score of 22 but a good Power Rating of 80, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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