Revenue Update on Primo Water Corporation(NASDAQ:PRMW)

Primo Water Corporation(NASDAQ:PRMW) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $40.356M. Analysts estimated a revenue of $37.860M. The revenues were 6.59% above the estimates. Earnings per share were $0.05. The reported EPS was above estimates by 125%. Analysts had estimated an EPS of $-0.2.

Primo Water Corporation (PRMW) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.50% at a volume of 3,81,437. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.22. The peak price level was also seen at $14.22 while the days lowest was $13.7075. Finally the shares closed at $14.03. The 52-week high of the shares is $15.39 while the 52-week low is $8.8. According to the latest information available, the market cap of the company is $411 M.

Several Insider Transactions has been reported to the SEC. On Jan 11, 2017, David J Mills (Vice President Finance) sold 5,669 shares at $13.00 per share price.Also, On Jun 9, 2015, Jack C. Kilgore (director) purchased 5,685 shares at $6.07 per share price.

Primo Water Corporation is a provider of multi-gallon purified bottled water self-service refill water and water dispensers. The Company’s products provide a solution for consuming purified and filtered water. It provides retailers throughout the United States and Canada with single-vendor solutions for Exchange and Refill services. Its Exchange solution offers retailers financial margins and the ability to optimize typically unused retail space with its displays. Its Refill solution provides filtered water through the installation and servicing of reverse osmosis water filtration systems in the back room of the retailer’s store location which minimizes the usage of the customer’s retail space. The Company has two operational segments: Primo Water (Water) and Primo Dispensers (Dispensers).

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