Primo Water Corporation (PRMW) Releases Earnings Results, Beats Expectations By $0.04 EPS

Primo Water Corporation (PRMW) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.07. The company posted revenue of $34.40 million in the period, compared to analysts expectations of $33.85 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Primo Water Corporation opened for trading at $11.63 and hit $12.12 on the upside on Friday, eventually ending the session at $11.98, with a gain of 3.19% or 0.37 points. The heightened volatility saw the trading volume jump to 1,71,147 shares. Company has a market cap of $310 M.

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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