Primo Brands (PRMB) Expected to Announce Quarterly Earnings on Thursday

Primo Brands (NYSE:PRMB) will likely be posting its quarterly earnings results before the market opens on Thursday, May 8th. Analysts expect Primo Brands to post earnings of $0.24 per share and revenue of $1.63 billion for the quarter. Primo Brands has set its FY 2025 guidance at EPS.

Primo Brands (NYSE:PRMB) last posted its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.08). Primo Brands had a positive return on equity of 10.27% and a negative net margin of 2.74%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.58 billion.

Primo Brands Stock Down 0.5 %

NYSE:PRMB opened at $33.06 on Wednesday. The stock has a market cap of $12.57 billion, a PE ratio of 39.65, a P/E/G ratio of 0.78 and a beta of 0.83. The company has a current ratio of 2.18, a quick ratio of 2.07 and a debt-to-equity ratio of 0.86. The firm has a 50-day simple moving average of $33.01. Primo Brands has a twelve month low of $24.41 and a twelve month high of $35.85.

Primo Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, June 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, June 6th.

Wall Street Analysts Forecast Growth

PRMB has been the topic of a number of research analyst reports. TD Securities began coverage on shares of Primo Brands in a report on Tuesday, April 8th. They issued a “buy” rating and a $48.00 price target on the stock. JPMorgan Chase & Co. increased their target price on Primo Brands from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised their price target on Primo Brands from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Truist Financial assumed coverage on Primo Brands in a report on Friday, April 4th. They issued a “buy” rating and a $42.00 price objective for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Primo Brands currently has an average rating of “Buy” and a consensus price target of $41.50.

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.