Primo Water Corporation

PRMW

CA74167P1080

Non-Alcoholic Beverages

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-05-17 EDT			5-day change	1st Jan Change
29.24 ^CAD	+1.07%		+0.97%	+46.49%

05-10	Deutsche Bank Adjusts Primo Water Price Target to $20 From $17, Maintains Hold Rating	MT
05-09	Primo Water Up 5.8% as Q1 Adjusted Profit More than Doubles, Boosts 2024 Profit and Revenue Outlook	MT

Primo Water Corporation Provides Earnings Guidance for Second Quarter and Full Year 2024

May 09, 2024 at 06:30 am

Primo Water Corporation provided earnings guidance for second quarter and full year 2024. For the quarter, company expects revenue to be $472 million - $482 million.

The Company is increasing its full year 2024 revenue target to between $1.855 billion and $1.885 billion.

Latest news about Primo Water Corporation

Deutsche Bank Adjusts Primo Water Price Target to $20 From $17, Maintains Hold Rating	05-10	MT
Primo Water Up 5.8% as Q1 Adjusted Profit More than Doubles, Boosts 2024 Profit and Revenue Outlook	05-09	MT
Transcript : Primo Water Corporation, Q1 2024 Earnings Call, May 09, 2024	05-09
Primo Water's Q1 Adjusted Earnings, Revenue Increase	05-09	MT
Primo Water Corporation Reports Earnings Results for the First Quarter Ended March 30, 2024	05-09	CI
Primo Water Q1 Adjusted Net Income More than Doubles, Boosts 2024 Profit and Revenue Outlook	05-09	MT
Primo Water Brief: Increases full-year 2024 Adjusted Free Cash Flow outlook to between US$175 million and $185 million, an increase of $5 million	05-09	MT
Primo Water Brief: Increases full-year 2024 Revenue and Adjusted EBITDA outlook	05-09	MT
Primo Water Brief: Q1 Revenue of US$452 million, increased 9.6%, including 8.3% organic growth	05-09	MT
Primo Water Declares Quarterly Cash Dividend, Payable on June 18, 2024	05-09	CI
Primo Water Corporation Provides Earnings Guidance for Second Quarter and Full Year 2024	05-09	CI
Raymond James Downgrades Primo Water to Outperform From Strong Buy, Price Target is $21	04-03	MT
Primo Water To Present At The 27th Annual CIBC Retail And Consumer Conference	03-19	MT
Deutsche Bank Adjusts Primo Water Price Target to $17 From $15, Maintains Hold Rating	02-23	MT
Transcript : Primo Water Corporation, Q4 2023 Earnings Call, Feb 22, 2024	02-22
Primo Water Fiscal Q4 Adjusted EPS Fall, Revenue Rises; Sets Fiscal Q1, Fiscal 2024 Revenue Outlook; Lifts Quarterly Dividend	02-22	MT
Primo Water's 2023 Adjusted EPS Rises YOY, Declares Dividend	02-22	MT
Primo Water Corporation Provides Earnings Guidance for the First Quarter and Full Year 2024	02-22	CI
Primo Water Brief: Names new CEO Robbert Rietbroek; Issues Q1 and FY24 Revenue, Adjusted EBITDA and Free Cash Flow guidance	02-22	MT
Primo Water Brief: Adjusted net income from continuing operations per diluted share US$0.12	02-22	MT
Primo Water Brief: Declares quarterly dividend of US$0.09 per common share, a 13% increase over last year	02-22	MT
Primo Water Corporation Declares Dividend, Payable on March 25, 2024	02-22	CI
Primo Water Corporation Reports Earnings Results for the Fourth Quarter Ended December 30, 2023	02-22	CI
Primo Water Corporation Reports Earnings Results for the Full Year Ended December 30, 2023	02-22	CI
North American Morning Briefing : Nvidia Ignites -2-	02-22	DJ

Chart Primo Water Corporation

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Company Profile

Primo Water Corporation is a pure-play water solutions provider that operates under a recurring revenue model in the large format water category. This business strategy is referred to as razor-razorblade. Its Razorblade offering includes Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, it delivers sustainable hydration solutions direct to customers, whether at home or to businesses. Through its Water Exchange business, customers visit retail locations and purchase a pre-filled bottle of water. Once consumed, empty bottles are exchanged at its recycling center displays, which provide a ticket that offers a discount towards the purchase of a new bottle. Water Exchange is offered in over 17,500 retail locations. Through its Water Refill business, customers refill empty bottles at nearly 23,500 self-service drinking water stations. It offers water filtration units across North America. Its water solutions offer access to purified, spring and mineral water.

Sector

Non-Alcoholic Beverages

Calendar

2024-08-07 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for Primo Water Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

21.49 USD

Average target price

18.98 USD

Spread / Average Target

-11.70%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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