Primo Brands (PRMB) Expected to Announce Earnings on Thursday

Primo Brands (NYSE:PRMB) is expected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Primo Brands to post earnings of $0.19 per share and revenue of $1.58 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Primo Brands Stock Performance

Shares of NYSE:PRMB opened at $32.71 on Wednesday. Primo Brands has a 52 week low of $14.10 and a 52 week high of $34.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07. The company has a market capitalization of $12.41 billion, a P/E ratio of 20.31, a PEG ratio of 0.83 and a beta of 1.10. The firm has a 50 day moving average price of $31.96.

Analyst Upgrades and Downgrades

Several brokerages have commented on PRMB. Royal Bank of Canada upped their target price on shares of Primo Brands from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Primo Brands in a research note on Monday, November 18th. They issued a “buy” rating and a $33.00 target price for the company. BMO Capital Markets started coverage on shares of Primo Brands in a research report on Monday, January 6th. They set an “outperform” rating and a $40.00 price objective for the company. Finally, TD Securities increased their price objective on shares of 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 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.