Primo Brands (NYSE:PRMB) Releases Quarterly Earnings Results

Primo Brands (NYSE:PRMB) posted its earnings results 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 return on equity of 8.80% and a net margin of 13.63%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.58 billion. Primo Brands updated its FY 2025 guidance to EPS.

Primo Brands Stock Up 3.3 %

Shares of NYSE:PRMB traded up $1.06 during midday trading on Friday, hitting $33.65. 640,753 shares of the stock traded hands, compared to its average volume of 1,863,036. The stock has a market cap of $12.76 billion, a PE ratio of 20.87, a PEG ratio of 0.79 and a beta of 1.10. The stock’s 50 day simple moving average is $32.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07. Primo Brands has a one year low of $14.10 and a one year high of $34.14.

Analyst Ratings Changes

PRMB has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of Primo Brands from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Primo Brands in a report on Monday, November 18th. They issued a “buy” rating and a $33.00 price target on the stock. BMO Capital Markets initiated coverage on shares of Primo Brands in a report on Monday, January 6th. They issued an “outperform” rating and a $40.00 price target on the stock. TD Securities lifted their price target on shares of Primo Brands from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Primo Brands from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Primo Brands currently has a consensus rating of “Buy” and an average price target of $38.40.

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.