Primo Brands (NYSE:PRMB) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Primo Brands (NYSE:PRMB) announced its quarterly earnings data on Thursday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.08), Zacks reports. Primo Brands had a negative net margin of 2.74% and a positive return on equity of 10.27%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Primo Brands updated its FY 2025 guidance to EPS.

Primo Brands Price Performance

NYSE:PRMB opened at $34.00 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.07 and a current ratio of 2.18. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 39.26, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10. The company’s 50 day moving average price is $32.10. Primo Brands has a 1-year low of $14.10 and a 1-year high of $34.53.

Primo Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. This is a positive change from Primo Brands’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, March 7th.

Wall Street Analysts Forecast Growth

PRMB has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target on shares of Primo Brands from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. BMO Capital Markets initiated coverage on shares of Primo Brands in a research report on Monday, January 6th. They set an “outperform” rating and a $40.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Primo Brands in a research report on Monday, November 18th. They set a “buy” rating and a $33.00 price target for the company. TD Securities raised their price target on shares of Primo Brands from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Primo Brands from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $40.00.

Primo Brands Company Profile

Primo Brands Corp. is a branded beverage company, which focuses on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in the United States and Canada. The company provides water filtration units for home and business consumers across North America.