Pactiv Evergreen Inc. (PTVE)
Market Cap | 2.25B |
Revenue (ttm) | 5.20B |
Net Income (ttm) | -167.00M |
Shares Out | 179.29M |
EPS (ttm) | -0.93 |
PE Ratio | n/a |
Forward PE | 9.80 |
Dividend | $0.40 (3.19%) |
Ex-Dividend Date | Aug 30, 2024 |
Volume | 613,259 |
Open | 12.23 |
Previous Close | 12.35 |
Day's Range | 12.23 - 12.69 |
52-Week Range | 8.83 - 15.84 |
Beta | 1.29 |
Analysts | Strong Buy |
Price Target | 14.57 (+16.0%) |
Earnings Date | Nov 12, 2024 |
About PTVE
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. The Food and Beverage Merchandising segment manufactures cartons for fresh refrigerated beverage products, including dairy, juice, a... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PTVE stock is "Strong Buy." The 12-month stock price forecast is $14.57, which is an increase of 16.00% from the latest price.
News
Pactiv Evergreen Inc. (PTVE) Q3 2024 Earnings Call Transcript
Pactiv Evergreen Inc. (NASDAQ:PTVE) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Curt Worthington – Vice President Strategy, Investor Relations Michael King – Pr...
Pactiv Evergreen Reports Third Quarter 2024 Financial Results
Solid execution and cost discipline Poised for next phase of Transformational Journey Third Quarter 2024 Financial Highlights: Net Revenues of $1,333 million for the third quarter of 2024 were down 3%...
Pactiv Evergreen Inc. Declares Quarterly Dividend
LAKE FOREST, Ill., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced that its board of directors has approved the payment of a quarterly dividend of $0.10 per shar...
Pactiv Evergreen: A Complicated Investment Case
Pactiv Evergreen has struggled since its public offering in 2020, amidst ongoing restructuring efforts and high leverage employed. Despite generating $5.5 billion in annual sales, the company faces ch...
Pactiv Evergreen Inc. Schedules Third Quarter 2024 Financial Results
LAKE FOREST, Ill., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its third quarter 2024 earnings release and teleconference call.
Suzano Completes the Acquisition of Two U.S. Industrial Facilities from Pactiv Evergreen
SÃO PAULO--(BUSINESS WIRE)--Suzano, the world's largest pulp producer, today completes the acquisition of two industrial assets from Pactiv Evergreen in Arkansas and North Carolina, United States. All...
Pactiv Evergreen Inc. Completes Sale of Pine Bluff Paper Mill and Waynesville Extrusion Facility to Suzano S.A.
LAKE FOREST, Ill., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced it has completed its previously announced sale of the Pi...
Pactiv Evergreen Inc. to Present at the 2024 Jefferies Industrials Conference
LAKE FOREST, Ill., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced that Jon Baksht, Chief Financial Officer, will present t...
Pactiv Evergreen Launches Recycleware® Reduced-Density Polypropylene Packaging Products
Pactiv Evergreen launches innovative Recycleware® Reduced-Density Polypropylene (RDPP) meat trays, a sustainable alternative to foam polystyrene trays.
Pactiv Evergreen: Attractive Entry Point For Long-Term Investors
PTVE recommended as a buy due to cost structure improvements and attractive FCF yield. Poor 2Q24 results led to share price decline, but the long-term outlook remains positive with potential for deman...
Pactiv Evergreen Inc. (PTVE) Q2 2024 Earnings Call Transcript
Pactiv Evergreen Inc. (NASDAQ:PTVE) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Curt Worthington - Vice President of Investor Relations and Strategy Michael King -...
Pactiv Evergreen Reports Second Quarter 2024 Financial Results
Announced sale represents exit from paper mills furthering strategic transformation Second quarter impacted by end-market weakness and temporary operational disruptions at Pine Bluff mill Revising 202...
Pactiv Evergreen Inc. Schedules Second Quarter 2024 Financial Results
LAKE FOREST, Ill., July 18, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its second quarter 2024 earnings release and teleconference call.
Suzano Agrees US$110 Million Purchase of Two US Industrial Facilities from Pactiv Evergreen
SÃO PAULO--(BUSINESS WIRE)--Suzano, the world's largest pulp producer, has announced the acquisition of industrial assets from Pactiv Evergreen in the United States. This will expand the company's ope...
Pactiv Evergreen Inc. Announces Definitive Agreement to Sell Pine Bluff Paper Mill and Waynesville Extrusion Facility to Suzano SA
LAKE FOREST, Ill., July 12, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced that it has signed a definitive agreement (the “Agreemen...
Pactiv Evergreen: Heavy Restructuring Set To Drive Margin Growth
PTVE has been undergoing heavy restructuring and has experienced a decline in net revenue and net income in 2023, but has maintained strong adjusted EBITDA and free cash flow throughout. The firm has ...
Pactiv Evergreen Inc. Successfully Reprices and Upsizes Term Loan
LAKE FOREST, Ill., May 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced that the Company successfully completed the repricing and...
Pactiv Evergreen Inc. (PTVE) Q1 2024 Earnings Call Transcript
Pactiv Evergreen Inc. (NASDAQ:PTVE) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Curt Worthington - Vice President, Investor Relations & Strategy Michael King - Chief ...
Pactiv Evergreen Inc. Schedules First Quarter 2024 Financial Results
LAKE FOREST, Ill., April 18, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its first quarter 2024 earnings release and teleconference call.
Pactiv Evergreen: Attractive FCF Yield Profile Once Cost Savings Program Ends
I upgrade my rating for Pactiv Evergreen stock from neutral to buy due to early signs of demand recovery and successful cost reduction efforts. PTVE's 4Q23 revenue fell, but EBITDA improved, indicatin...
Pactiv Evergreen Inc. (PTVE) Q4 2023 Earnings Call Transcript
Pactiv Evergreen Inc. (PTVE) Q4 2023 Earnings Call Transcript
Pactiv Evergreen Reports Fourth Quarter 2023 Financial Results
Fourth Quarter 2023 Financial Highlights: Total Net Revenues of $1,274 million for the fourth quarter of 2023 were down 14% compared to $1,476 million in the fourth quarter of 2022 and down 8% compare...
Pactiv Evergreen Inc. Schedules Fourth Quarter 2023 Financial Results
LAKE FOREST, Ill., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its fourth quarter 2023 earnings release and teleconference call.
Pactiv Evergreen: Good Margin Growth Should Drive The Stock Price
Pactiv Evergreen's revenue growth should struggle due to weak demand from restaurants and QSRs in the near term. The company has shown significant margin growth and is expected to continue improving t...
Pactiv Evergreen Releases Environmental Social Governance (ESG) Report
Showcases continued progress against ESG goals while embedding sustainability throughout our business Showcases continued progress against ESG goals while embedding sustainability throughout our busin...