For its third fiscal quarter (ending September 30), Primo Water Corp (NYSE: PRMW) has reported a 14% increase in E.P.S. from $0.21 a year ago to $0.24 in the current quarter. E.P.S. were $0.52 for the latest four quarters through September 30 versus $0.54 for the same period a year ago — a decline of -4%.
Recent Price Action
On 11/7/24, Primo Water Corp (NYSE: PRMW) stock declined by -4.2%, closing at $24.44. Moreover, exceptionally high trading volume at 465% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.9% during the last week.
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 (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Primo Water has a poor Appreciation Score of 30 but a very high Power Rating of 96, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment