Primo Water Corporation (PRMW) was Reiterated by Barrington Research to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $13 . Barrington Research advised their investors in a research report released on Oct 11, 2016.
On the company’s financial health, Primo Water Corporation reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.07. The company had revenue of $34.40 million for the quarter, 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 closed down -0.13 points or -1.09% at $11.85 with 90,133 shares getting traded on Friday. Post opening the session at $11.98, the shares hit an intraday low of $11.7 and an intraday high of $12.03 and the price fluctuated in this range throughout the day.Shares ended Friday 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).