Primo Brands (PRMB) Projected to Post Quarterly Earnings on Thursday

Primo Brands (NYSE:PRMB) is expected to be announcing its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $1.58 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Primo Brands Stock Down 0.4 %

NYSE:PRMB opened at $33.40 on Thursday. Primo Brands has a 12-month low of $14.10 and a 12-month high of $34.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 0.83 and a beta of 1.10. The business has a fifty day moving average of $31.78.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PRMB shares. Royal Bank of Canada raised their price target on Primo Brands from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. TD Securities lifted their target price on Primo Brands from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft began coverage on Primo Brands in a report on Monday, November 18th. They set a “buy” rating and a $33.00 target price on the stock. Finally, BMO Capital Markets began coverage on Primo Brands in a report on Monday, January 6th. They set an “outperform” rating and a $40.00 target price on the stock.

Primo Brands Company Profile

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo’s revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers.