Primo Brands (NYSE:PRMB) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Primo Brands (NYSE:PRMB) released its earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.08), Zacks reports. Primo Brands had a net margin of 13.63% and a return on equity of 8.80%. Primo Brands updated its FY 2025 guidance to EPS.

Primo Brands Price Performance

Primo Brands stock traded down $0.22 during trading on Thursday, reaching $32.60. 1,847,106 shares of the company were exchanged, compared to its average volume of 1,841,455. Primo Brands has a 52-week low of $14.10 and a 52-week high of $34.14. The firm has a market capitalization of $12.36 billion, a P/E ratio of 20.26, a P/E/G ratio of 0.79 and a beta of 1.10. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average price is $32.02.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PRMB. Royal Bank of Canada raised their target price on Primo Brands from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. BMO Capital Markets began coverage on Primo Brands in a research report on Monday, January 6th. They issued an “outperform” rating and a $40.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Primo Brands in a research report on Monday, November 18th. They issued a “buy” rating and a $33.00 target price on the stock. Finally, TD Securities lifted their price objective on Primo Brands from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, January 27th.

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.