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 Trading Down 1.4 %

Shares of PRMB opened at $32.71 on Wednesday. Primo Brands has a 12 month low of $14.10 and a 12 month high of $34.14. The stock’s fifty day simple moving average is $31.96. The firm has a market capitalization of $12.41 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PRMB. Royal Bank of Canada increased their target price 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 set a “buy” rating and a $33.00 target price for the company. TD Securities increased their price target on shares of Primo Brands from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, BMO Capital Markets initiated coverage on shares of Primo Brands in a research note on Monday, January 6th. They issued an “outperform” rating and a $40.00 price target for the company.

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.