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

Primo Brands (NYSE:PRMB) is anticipated to issue its quarterly earnings data 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. Parties that wish to register for the company’s conference call can do so using this link.

Primo Brands Stock Performance

NYSE:PRMB opened at $33.40 on Thursday. 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 firm has a 50-day moving average of $31.78. The firm has a market capitalization of $12.67 billion, a P/E ratio of 20.75, a P/E/G ratio of 0.83 and a beta of 1.10. Primo Brands has a 52-week low of $14.10 and a 52-week high of $34.14.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada boosted 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. Deutsche Bank Aktiengesellschaft assumed coverage on Primo Brands in a research report on Monday, November 18th. They set a “buy” rating and a $33.00 price target on the stock. BMO Capital Markets assumed coverage on Primo Brands in a research report on Monday, January 6th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, TD Securities boosted their price target on Primo Brands from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, January 27th.

About Primo Brands

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.