Pactiv Evergreen (NASDAQ:PTVE – Get Free Report) is expected to be issuing its quarterly earnings data 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 %
NASDAQ PTVE opened at $17.83 on Wednesday. The firm has a 50 day simple moving average of $17.68 and a 200-day simple moving average of $14.43. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.04 and a current ratio of 1.93. Pactiv Evergreen has a one year low of $8.83 and a one year high of $17.88. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of -19.38, a PEG ratio of 1.47 and a beta of 1.24.
Wall Street Analysts Forecast Growth
PTVE has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $18.00 price objective (up previously from $14.00) on shares of Pactiv Evergreen in a research note on Thursday, December 19th. Jefferies Financial Group reissued a “hold” rating and issued a $18.00 price objective (up previously from $15.00) on shares of Pactiv Evergreen in a research note on Wednesday, December 18th. UBS Group lowered shares of Pactiv Evergreen from a “buy” rating to a “neutral” rating and raised their price objective for the company from $16.00 to $18.00 in a research note on Friday, January 10th. Finally, Citigroup reissued a “neutral” rating and issued a $18.00 price objective (up previously from $13.00) on shares of Pactiv Evergreen in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.80.
Pactiv Evergreen Company Profile
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.
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