Primo Water Corporation (PRMW) Releases Earnings Results, Beats Expectations By $0.03 EPS

Primo Water Corporation (PRMW) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.04. The company posted revenue of $33.00 million in the period, compared to analysts expectations of $30.85 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Primo Water Corporation. Company shares were Reiterated by Barrington Research on Mar 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 10 from a previous price target of $9.50 .

Primo Water Corporation closed down -0.08 points or -0.73% at $10.92 with 1,08,374 shares getting traded on Monday. Post opening the session at $11.05, the shares hit an intraday low of $10.9 and an intraday high of $11.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 9, 2015, Jack C. Kilgore (director) purchased 5,685 shares at $6.07 per share price.

Primo Water Corporation is a provider of multi-gallon purified bottled water self-service refill water and water dispensers. The Company’s products provide a solution for consuming purified and filtered water. It provides retailers throughout the United States and Canada with single-vendor solutions for Exchange and Refill services. Its Exchange solution offers retailers financial margins and the ability to optimize typically unused retail space with its displays. Its Refill solution provides filtered water through the installation and servicing of reverse osmosis water filtration systems in the back room of the retailer’s store location which minimizes the usage of the customer’s retail space. The Company has two operational segments: Primo Water (Water) and Primo Dispensers (Dispensers).

Primo Water Corporation

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