Stock Buybacks
By The Online Investor Staff, updated Sat., May. 8, 5:25 AM
| This Slide: #12 of 25 |
Slide #12. Primo Water Corporation
Company:
Primo Water Corporation (NYSE:PRMW)
$Amount Authorized:
$50,000,000
Buyback Details:
Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of water direct to consumers and water filtration services in North America and Europe as well as a leading provider of water dispensers, purified and spring bottled water, and self-service refill drinking water in the U.S. and Canada, announced that its Board of Directors authorized a new $50 million share repurchase program and declared a quarterly dividend. Primo also announced the results of voting for directors at its annual and special meeting of shareowners held on May 4, 2021 (the "Meeting"). The Board of Directors authorized a new $50 million share repurchase program which commences on May 10, 2021 and expires on May 9, 2022. Under the program, the Company's common shares may be repurchased periodically in open market or privately negotiated transactions through the facilities of the NYSE.
Primo Water is a water solutions provider in North America, Europe and Israel. Co.'s North America reporting segment provides bottled water, water filtration and coffee services. Products included in Co.'s North America reporting segment consist of bottled water, water dispensers, purified bottled water, self-service refill drinking water, spring, sparkling and flavored water, filtration equipment and coffee. Co.'s Rest of World segment provides bottled water, water filtration and coffee services. Products included in Co.'s Rest of World reporting segment consist of bottled water, purified bottled water, spring, sparkling and flavored water, mineral water, filtration equipment and coffee.
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Avg. Broker Rec.
 
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Strong Buy (3.67 out of 4) 66th percentile
(ranked higher than approx. 66% of all stocks covered)
Analysts' Target Price: PRMW Stock Forecast Based on Zacks ABR data; powered by Xignite |
