Primo Water (NASDAQ:PRMW) Downgraded to “Buy” at StockNews.com

Primo Water (NASDAQ:PRMWGet Rating) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Primo Water Stock Performance

NASDAQ PRMW opened at $12.71 on Friday. Primo Water has a one year low of $12.46 and a one year high of $20.12. The company has a 50 day simple moving average of $13.37. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 28.91 and a beta of 1.13. The company has a current ratio of 0.72, a quick ratio of 0.57 and a debt-to-equity ratio of 1.00.

Primo Water (NASDAQ:PRMWGet Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. Primo Water had a net margin of 0.01% and a return on equity of 5.66%. The company had revenue of $526.10 million during the quarter, compared to analysts’ expectations of $519.98 million. Equities analysts predict that Primo Water will post 0.54 EPS for the current fiscal year.

Primo Water Company Profile

(Get Rating)

Primo Water Corporation provides water direct to consumers and water filtration services in North America and Europe. It offers bottled water, purified bottled water, premium spring, sparkling and flavored water, mineral water, filtration equipment, and coffee; as well as water dispensers, and self-service refill drinking water.

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