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Reasons to Add Primo Water to Your Portfolio Now
Primo Water Corporation's (NYSE: PRMW) rising earnings estimates and organic customer growth make it a great investment in the utility sector. The increasing water demand will also boost the company's performance.
Currently, the company carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock.
Growth Projections
The Zacks Consensus Estimate for PRMW's 2024 and 2025 earnings per share increased nearly 8% and 2.8%, respectively, in the last 60 days.
The company's long-term (three to five years) earnings growth rate is 15.47%.
Surprise History, Dividend Details & Share Repurchase
Primo Water has a positive earnings surprise history. Its trailing four-quarter earnings surprise is 3.18%, on average.
The company has consistently paid shareholders a cash dividend on its common stock since 2014. It increased its dividend 13 ...