Primo Water Corp Stock Today
| PRMW Stock | USD 18.61 0.18 0.98% |
Performance24 of 100
| Odds Of DistressLess than 1
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Primo Water is selling for under 18.61 as of the 23rd of April 2024; that is 0.98% increase since the beginning of the trading day. The stock's lowest day price was 18.4. Primo Water has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Primo Water Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of July 2023 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Food, Beverage & Tobacco | IPO Date 5th of November 2010 | Category Consumer Defensive | Classification Consumer Staples |
Primo Water Corporation provides pure-play water solutions for residential and commercial customers. Primo Water Corporation was incorporated in 1955 and is headquartered in Tampa, Florida. Primo Water operates under BeveragesNon-Alcoholic classification in the United States and is traded on New York Stock Exchange. The company has 159.73 M outstanding shares of which 1.36 M shares are at this time shorted by private and institutional investors with about 2.12 trading days to cover. More on Primo Water Corp
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Primo Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Primo Water's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Primo Water or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO Director | Robbert Rietbroek | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Soft Drinks & Non-alcoholic Beverages, Beverages - Non-Alcoholic, Consumer Defensive, NYSE Composite, SP TSX Composite, NASDAQ Composite Total, Alcohol, Candy and Soda, Consumer Staples, Beverages, Beverages—Non-Alcoholic, Consumer Defensive (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Primo Water report their recommendations after researching Primo Water's financial statements, talking to executives and customers, or listening in on Primo Water's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Primo Water Corp. The Primo consensus assessment is calculated by taking the average forecast from all of the analysts covering Primo Water. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Primo Water's profitability, liquidity, and operating efficiency, Primo Water Corp is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Primo Water Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Primo Water's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Primo Water's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Primo Water's financial leverage. It provides some insight into what part of Primo Water's total assets is financed by creditors.
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Primo Water Corp (PRMW) is traded on New York Stock Exchange in USA. It is located in 1150 Assembly Drive, Tampa, FL, United States, 33607 and employs 39 people. Primo Water is listed under Soft Drinks & Non-alcoholic Beverages category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.94 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Primo Water's market, we take the total number of its shares issued and multiply it by Primo Water's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Primo Water Corp conducts business under Beverages sector and is part of Consumer Staples industry. The entity has 159.73 M outstanding shares of which 1.36 M shares are at this time shorted by private and institutional investors with about 2.12 trading days to cover.
Primo Water Corp currently holds about 98.5 M in cash with 356.72 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.61.
Check Primo Water Probability Of Bankruptcy
Ownership AllocationPrimo Water owns a total of 159.73 Million outstanding shares. The majority of Primo Water Corp outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Primo Water Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Primo Water. Please pay attention to any change in the institutional holdings of Primo Water Corp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Primo Ownership Details
Primo Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Primo Water jumping above the current price in 90 days from now is about 6.22%. The Primo Water Corp probability density function shows the probability of Primo Water stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.3141 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Primo Water will likely underperform. Additionally, primo Water Corp has an alpha of 0.284, implying that it can generate a 0.28 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Primo Water to move above the current price in 90 days from now is about 6.22 (This Primo Water Corp probability density function shows the probability of Primo Stock to fall within a particular range of prices over 90 days) .
Primo Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Primo Water that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Primo Water's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Primo Water's value.| Instituion | Recorded On | Shares | |
| Wellington Management Company Llp | 2023-12-31 | 2.7 M | |
| William Blair Investment Management, Llc | 2023-12-31 | 2.6 M | |
| State Street Corporation | 2023-12-31 | 2.5 M | |
| Clearline Capital Lp | 2023-12-31 | 2.5 M | |
| Palisade Capital Management Llc | 2023-12-31 | 2.3 M | |
| Legion Partners Asset Management, Llc | 2023-12-31 | 2.3 M | |
| Ubs Asset Mgmt Americas Inc | 2023-12-31 | 2.3 M | |
| Schroder Investment Management Group | 2023-12-31 | 2.1 M | |
| Geode Capital Management, Llc | 2023-12-31 | 1.8 M | |
| Blackrock Inc | 2023-12-31 | 12.9 M | |
| Vanguard Group Inc | 2023-12-31 | 12.2 M |
Primo Water Historical Income Statement
Primo Water Corp Income Statement is one of the three primary financial statements used for reporting Primo's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Primo Water Corp revenue and expense. Primo Water Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Primo Water's Net Income From Continuing Ops is fairly stable compared to the past year. Net Income Applicable To Common Shares is likely to climb to about 35.7 M in 2024, whereas Interest Expense is likely to drop slightly above 53.8 M in 2024. View More FundamentalsPrimo Stock Against Markets
Picking the right benchmark for Primo Water stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Primo Water stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Primo Water is critical whether you are bullish or bearish towards Primo Water Corp at a given time. Please also check how Primo Water's historical prices are related to one of the top price index indicators.
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Primo Water Corporate Directors
Primo Water corporate directors refer to members of a Primo Water board of directors. The board of directors generally takes responsibility for the Primo Water's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Primo Water's board members must vote for the resolution. The Primo Water board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jack Kilgore | Independent Director | Profile | |
| Charles Norris | Director | Profile | |
| Susan Cates | Independent Director | Profile | |
| Emma Battle | Independent Director | Profile |
How to buy Primo Stock?
Before investing in Primo Water, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Primo Water. To buy Primo Water stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Primo Water. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Primo Water stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Primo Water Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Primo Water Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Primo Water Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Primo Stock please use our How to Invest in Primo Water guide.
Already Invested in Primo Water Corp?
The danger of trading Primo Water Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Primo Water is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Primo Water. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Primo Water Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Primo Water Corp is a strong investment it is important to analyze Primo Water's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Primo Water's future performance. For an informed investment choice regarding Primo Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primo Water Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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When running Primo Water's price analysis, check to measure Primo Water's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Primo Water is operating at the current time. Most of Primo Water's value examination focuses on studying past and present price action to predict the probability of Primo Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primo Water's price. Additionally, you may evaluate how the addition of Primo Water to your portfolios can decrease your overall portfolio volatility.
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Is Primo Water's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primo Water. If investors know Primo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primo Water listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.145 | Dividend Share 0.32 | Earnings Share 0.4 | Revenue Per Share 11.112 | Quarterly Revenue Growth (0.18) |
The market value of Primo Water Corp is measured differently than its book value, which is the value of Primo that is recorded on the company's balance sheet. Investors also form their own opinion of Primo Water's value that differs from its market value or its book value, called intrinsic value, which is Primo Water's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primo Water's market value can be influenced by many factors that don't directly affect Primo Water's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primo Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primo Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primo Water's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.