Pactiv Evergreen (PTVE) Set to Announce Earnings on Tuesday

Pactiv Evergreen (NASDAQ:PTVE) will post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Pactiv Evergreen to post earnings of $0.33 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Pactiv Evergreen Trading Down 0.8 %

Shares of PTVE opened at $11.22 on Tuesday. The stock has a fifty day moving average of $11.58 and a two-hundred day moving average of $12.04. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.93 and a current ratio of 2.04. The company has a market capitalization of $2.01 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.28 and a beta of 1.30. Pactiv Evergreen has a fifty-two week low of $8.83 and a fifty-two week high of $15.84.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PTVE. Robert W. Baird lowered their price objective on shares of Pactiv Evergreen from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. UBS Group decreased their price target on shares of Pactiv Evergreen from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Citigroup decreased their price target on shares of Pactiv Evergreen from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, Royal Bank of Canada decreased their price target on shares of Pactiv Evergreen from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.57.

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.