Primo Brands (NYSE:PRMB) Shares Gap Up After Better-Than-Expected Earnings

Posted by on Aug 5th, 2026

Primo Brands Corporation (NYSE:PRMB – Get Free Report) shares gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $23.29, but opened at $25.79. Primo Brands shares last traded at $24.81, with a volume of 548,390 shares changing hands.

The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. Primo Brands had a net margin of 0.88% and a return on equity of 13.98%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year.

Primo Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, August 24th. Primo Brands’s dividend payout ratio is presently 342.86%.

Analysts Set New Price Targets

PRMB has been the topic of a number of research reports. Wall Street Zen upgraded Primo Brands from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Barclays increased their target price on Primo Brands from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price target on Primo Brands from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Royal Bank Of Canada set a $28.00 price target on Primo Brands in a report on Thursday, April 9th. Finally, Weiss Ratings raised Primo Brands from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Primo Brands currently has a consensus rating of “Moderate Buy” and an average price target of $26.36.

Read Our Latest Stock Report on PRMB

Institutional Trading of Primo Brands

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fulton Bank N.A. raised its position in Primo Brands by 10.5% during the 2nd quarter. Fulton Bank N.A. now owns 28,759 shares of the company’s stock worth $703,000 after purchasing an additional 2,741 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Primo Brands in the 2nd quarter valued at about $419,000. Assenagon Asset Management S.A. grew its position in shares of Primo Brands by 350.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 65,544 shares of the company’s stock valued at $1,602,000 after buying an additional 50,989 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Primo Brands in the second quarter valued at about $37,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Primo Brands in the second quarter valued at about $88,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Primo Brands Stock Up 8.5%

The company has a debt-to-equity ratio of 1.72, a current ratio of 0.98 and a quick ratio of 0.79. The company has a market capitalization of $9.17 billion, a P/E ratio of 180.57, a P/E/G ratio of 1.89 and a beta of 0.74. The stock has a 50-day moving average price of $23.99 and a 200-day moving average price of $21.54.

Primo Brands Company Profile

(Get Free Report)

Primo Brands (NYSE: PRMB) is a consumer packaged beverage company that was established as an independent entity following a corporate spin‐off in 2023. The company specializes in the production, marketing and distribution of a broad portfolio of bottled water products, including purified, mineral and sparkling varieties. Through its focus on quality control and innovation, Primo Brands aims to deliver clean, great-tasting water in formats tailored to both at-home consumption and on-the-go lifestyles.

Its product range spans multi-serve and single-serve bottles, aluminum cans and other eco-friendly packaging solutions.

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