Pactiv Evergreen (PTVE) Set to Announce Quarterly 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 Stock Performance

Shares of Pactiv Evergreen stock opened at $11.76 on Friday. The company has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $11.95. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.93 and a current ratio of 2.04. Pactiv Evergreen has a one year low of $8.83 and a one year high of $15.84. The company has a market capitalization of $2.11 billion, a PE ratio of 28.00, a P/E/G ratio of 1.38 and a beta of 1.30.

Wall Street Analyst Weigh In

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

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.