Pactiv Evergreen (PTVE) to Release Quarterly Earnings on Thursday

Pactiv Evergreen (NASDAQ:PTVE) is expected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $1.28 billion for the quarter.

Pactiv Evergreen Trading Down 0.1 %

Shares of PTVE opened at $17.85 on Tuesday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.93 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $14.38. Pactiv Evergreen has a 1-year low of $8.83 and a 1-year high of $17.88. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of -19.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24.

Wall Street Analysts Forecast Growth

Several research firms have commented on PTVE. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $18.00 target price (up from $14.00) on shares of Pactiv Evergreen in a research note on Thursday, December 19th. Citigroup reaffirmed a “neutral” rating and issued a $18.00 target price (up from $13.00) on shares of Pactiv Evergreen in a research note on Tuesday, December 10th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $18.00 target price (up from $15.00) on shares of Pactiv Evergreen in a research note on Wednesday, December 18th. Finally, UBS Group cut shares of Pactiv Evergreen from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $16.00 to $18.00 in a research note on Friday, January 10th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.33.

About Pactiv Evergreen

Pactiv Evergreen Inc manufactures and distributes fresh foodservice and food merchandising products, and fresh beverage cartons in the United States, rest of North America, and internationally. It operates in two segments, Foodservice, and Food and Beverage Merchandising. The Foodservice segment offers food containers; drinkware, such as hot and cold cups and lids; and tableware, service ware, and other products.