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Wednesday, February 1, 2023

Primo Water Corporation (NYSE: PRMW) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Primo Water Corporation (PRMW) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.13, or 0.85%, to $15.48. The Primo Water Corporation has recorded 111,171 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Primo Water Corporation Provides Outlook Ahead of ICR Conference.


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Stocks Info

The company is listed on the NYSE and operates within the Beverages – Non-Alcoholic industry segment. At the end of the last regular session, the stock closed at $15.35 and fluctuated between $15.63 as its day high and $15.31 as its day low. The current market capitalization of Primo Water Corporation is $2.43B. A total of 0.88 million shares were traded on the day, compared to an average of 872.75K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PRMW has seen 35 BUY and 34 SELL insider trades, representing the acquisition of 678,712 and the disposition of 472,889 shares. Over the last 12 months, there were 171 BUYs and 72 SELLs from insiders. Insiders purchased 2,439,383 shares during that period but sold 1,615,589.

In the most recent transaction, FOWDEN JEREMY S G sold 90,463 shares of PRMW for 16.12 per share on Jan 09. After the transaction, the Director now owns 1,268,770 company shares. In a previous transaction on Jan 06, FOWDEN JEREMY S G sold 3,760 shares at 16.00 per share. PRMW shares that Director owns now total 1,268,770.

Among the insiders who bought shares, STANBROOK STEVEN P acquired of 13,358 shares on Sep 06 at a per-share price of $13.09. This resulted in the Director holding 86,533 shares of PRMW after the transaction. In another insider transaction, Harrington Thomas bought 39,000 shares at $13.07 per share on Sep 01. Company shares held by the Chief Executive Officer now total 324,053.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. PRMW’s most recent ex-dividend date was 11/28/2022 when it declared a $0.07 quarterly dividend that was paid in cash on 12/9/2022. Previously, the company paid the dividend on 9/7/2022 with an ex-dividend date of 8/23/2022. The PRMW stock dividend was $0.07 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PRMW in the last 3 months, the mean price target is $20.17 with high estimates of $24.00 and low estimates of $17.00. In terms of 52-week highs and lows, PRMW has a high of $17.57 and a low of $12.15.

As of this writing, PRMW has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.19. The company reported an EPS of $0.09 in the last quarter, which was 50.00% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRMW is Overweight with a score of 4.60. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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