Primo Water Corp (NYSE: PRMW) has reported E.P.S. of $0.21 for its third fiscal quarter (ending September 30) versus $0.01 for the same period a year ago — an increase of 2000%. However, this performance was $-0.06 short of the consensus estimate of $0.27. For the latest four quarters through September 30, E.P.S. were $0.74 compared to $-0.19 a year ago.
Recent Price Action
Primo Water Corp (NYSE: PRMW) stock closed at $14.50 on 11/2/23 after a major increase of 10.0%. The stock has risen 9.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
PRMW’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Primo Water has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Primo Water has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 54, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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