Primo Water Co. (NYSE:PRMW – Get Free Report) declared a — dividend on Tuesday, October 15th, Wall Street Journal reports. Shareholders of record on Tuesday, November 5th will be given a dividend of 0.82 per share on Thursday, November 21st. This represents a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 5th.
Primo Water has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Primo Water to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 38.1%.
Primo Water Price Performance
Shares of NYSE PRMW opened at $26.53 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.07 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.10. Primo Water has a twelve month low of $13.57 and a twelve month high of $28.06. The business has a 50 day simple moving average of $25.01 and a 200-day simple moving average of $22.60.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on PRMW shares. StockNews.com lowered shares of Primo Water from a “buy” rating to a “hold” rating in a research note on Sunday, October 13th. Raymond James cut Primo Water from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. William Blair began coverage on Primo Water in a research report on Thursday, October 24th. They set an “outperform” rating for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Primo Water in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.83.
Check Out Our Latest Report on Primo Water
About Primo Water
Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.
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