Primo Brands Q4 EPS Surges to $0.26, RBC Ups Price Target to $29
RBC Capital boosted its Primo Brands price target to $29 from $26 and JPMorgan raised its target to $27 from $21 after stronger-than-expected Q4 results. Q4 adjusted EPS doubled to $0.26 from $0.13 and revenue grew to $1.554B from $1.397B, driven by resilience in the Direct Delivery segment.
1. Q4 Financial Performance
In Q4, Primo Brands posted adjusted EPS of $0.26, up from $0.13 a year earlier, with revenue rising to $1.554 billion from $1.397 billion. Growth in the Direct Delivery business exceeded expectations, reflecting less severe declines and early benefits from operational initiatives.
2. Analyst Upgrades and Price Targets
RBC Capital raised its price target on Primo Brands to $29 from $26, while JPMorgan lifted its target to $27 from $21, both maintaining Outperform/Overweight ratings. Analysts cited stronger-than-feared Q4 results and beatable guidance as drivers for increased upside confidence.
3. Business Integration and Strategic Outlook
Management highlighted 2025 as a transition year integrating two businesses to expand healthy hydration offerings across water dispensers, refillable bottles and filtration appliances. CEO Eric Foss noted that Q4 performance shows early signs of improved trajectory, underpinned by the resilience of the business model.