Pactiv Evergreen Inc. (PTVE)

NASDAQ: PTVE · IEX Real-Time Price · USD
7.93
+0.05 (0.70%)
Mar 30, 2023, 12:50 PM EDT - Market open
0.7%
Market Cap 1.41B
Revenue (ttm) 6.22B
Net Income (ttm) 318.00M
Shares Out 177.94M
EPS (ttm) 1.77
PE Ratio 4.45
Forward PE 9.40
Dividend $0.40 (5.05%)
Ex-Dividend Date Mar 16, 2023
Volume 34,346
Open 7.98
Previous Close 7.87
Day's Range 7.90 - 8.15
52-Week Range 7.55 - 12.46
Beta 1.43
Analysts Buy
Price Target 12.17 (+53.57%)
Earnings Date May 3, 2023

About PTVE

Pactiv Evergreen Inc. manufactures and distributes fresh foodservice and food merchandising products, and fresh beverage cartons in North America. It operates through three segments: Foodservice, Food Merchandising, and Beverage Merchandising. The Foodservice segment offers food containers, hot and cold cups, lids, dinnerware, tableware, service ware, and other products. The Food Merchandising segment provides clear rigid-display containers, containers for prepared and ready-to-eat food, trays for meat and poultry, and molded fiber cartons. The... [Read more]

IPO Date Sep 17, 2020
Employees 16,500
Stock Exchange NASDAQ
Ticker Symbol PTVE
Full Company Profile

Financial Performance

In 2022, PTVE's revenue was $6.22 billion, an increase of 14.40% compared to the previous year's $5.44 billion. Earnings were $318.00 million, an increase of 1282.61%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for PTVE stock is "Buy." The 12-month stock price forecast is $12.17, which is an increase of 53.57% from the latest price.

Price Target
$12.17
(53.57% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Pactiv Evergreen Inc. Declares Quarterly Dividend

LAKE FOREST, Ill., March 06, 2023 (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 sha...

3 weeks ago - GlobeNewsWire

Pactiv Evergreen Reports Fourth Quarter 2022 Financial Results and Beverage Merchandising Restructuring Plan

Strong full year & fourth quarter 2022 results exceed guidance; will leverage scale with streamlined operations and realigned organizational structure Strong full year & fourth quarter 2022 results ex...

3 weeks ago - GlobeNewsWire

Pactiv Evergreen Inc. Schedules Fourth Quarter 2022 Financial Results

LAKE FOREST, Ill., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced the following details for its fourth quarter 2022 earnings release and teleconference call.

1 month ago - GlobeNewsWire

Pactiv Evergreen and AmSty Launch Circular Polystyrene Food Packaging Products

LAKE FOREST, Ill., Feb. 15, 2023 (GLOBE NEWSWIRE) -- To help major food brands achieve important sustainability goals, Pactiv Evergreen, a leading manufacturer of fresh food and beverage packaging in ...

1 month ago - GlobeNewsWire

Pactiv LLC Announces Results of Its Debt Tender Offer for Any and All of Its Outstanding 8.375% Debentures Due 2027

LAKE FOREST, Ill., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (“PTVE”) announced today the results of its indirect, wholly-owned subsidiary, Pactiv LLC's (“Pactiv”) previously announced t...

3 months ago - GlobeNewsWire

Pactiv LLC Commences Tender Offer

For Any and All of Its Outstanding 8.375% Debentures due 2027 For Any and All of Its Outstanding 8.375% Debentures due 2027

4 months ago - GlobeNewsWire

Pactiv LLC Announces Results of Its Debt Tender Offer for Any and All of Its Outstanding 7.950% Debentures Due 2025

LAKE FOREST, Ill., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (“PTVE”) announced today the results of its indirect, wholly-owned subsidiary, Pactiv LLC's (“Pactiv”) previously announced t...

4 months ago - GlobeNewsWire

Pactiv Evergreen Inc. (PTVE) Tops Q3 Earnings and Revenue Estimates

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of 28.57% and 2.15%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stoc...

5 months ago - Zacks Investment Research

Pactiv Evergreen Inc. (PTVE) Reports Next Week: Wall Street Expects Earnings Growth

Pactiv Evergreen Inc. (PTVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

Pactiv Evergreen Inc. Schedules Third Quarter 2022 Financial Results

LAKE FOREST, Ill., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its third quarter 2022 earnings release and teleconference call.

6 months ago - GlobeNewsWire

Wall Street Analysts Think Pactiv Evergreen Inc. (PTVE) Could Surge 26%: Read This Before Placing a Bet

The mean of analysts' price targets for Pactiv Evergreen Inc. (PTVE) points to a 26% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement am...

7 months ago - Zacks Investment Research

Pactiv Evergreen Inc. (PTVE) Is Attractively Priced Despite Fast-paced Momentum

Pactiv Evergreen Inc. (PTVE) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several ...

7 months ago - Zacks Investment Research

Pactiv Evergreen Inc. (PTVE) Surpasses Q2 Earnings Estimates

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of 100% and 3.24%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Pactiv Evergreen Reports Second Quarter 2022 Financial Results

Raising our 2022 Adjusted EBITDA guidance to reflect our strong year-to-date performance Returning to stronger operational performance Completed exit of Asia business and received preliminary proceeds...

8 months ago - GlobeNewsWire

Pactiv Evergreen Completes Sale of its Carton Packaging and Filling Machinery Businesses in China, Korea and Taiwan

LAKE FOREST, Ill., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that its wholly-owned subsidiary, Evergreen Packaging International LLC, has...

8 months ago - GlobeNewsWire

Pactiv Evergreen Inc. (PTVE) Earnings Expected to Grow: Should You Buy?

Pactiv Evergreen Inc. (PTVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

8 months ago - Zacks Investment Research

The 7 Best Dividend Stocks Under $25 for July

Investors searching for the next great investment idea generally want to spread a wide net. If they're interested in dividend stocks, the price might not be as important as the payment's yield or grow...

Other symbols: ALEXARLPJWNOWLPAXSCS
9 months ago - InvestorPlace

Pactiv Evergreen Inc. Schedules Second Quarter 2022 Financial Results

LAKE FOREST, Ill., July 12, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its second quarter 2022 earnings release and teleconference call.

9 months ago - GlobeNewsWire

Pactiv Evergreen Launches New PlantCarton Life School Program at School Nutrition Conference

New PlantCarton Life school program features creative ways to repurpose cartons, encourages carton recycling, and helps inspire students' appreciation for plant-based packaging. New PlantCarton Life s...

9 months ago - GlobeNewsWire

Pactiv Evergreen Introduces Its ‘Zero Waste Implementation Guide' as a Resource for Foodservice Operators

Foodservice Operators Striving for Zero Waste Solutions Will Benefit from This Guide Foodservice Operators Striving for Zero Waste Solutions Will Benefit from This Guide

10 months ago - GlobeNewsWire

Pactiv Evergreen Introduces Tamper Evident Fry Cartons to Its Offering of Innovative Packaging Solutions

Patent-pending Fry Cartons are made from Pactiv Evergreen's Sentinel™ Paperboard, providing a fully integrated packaging solution to foodservice operators Patent-pending Fry Cartons are made from Pact...

10 months ago - GlobeNewsWire

Pactiv Evergreen Names Jonathan Baksht as Chief Financial Officer

LAKE FOREST, Ill., May 31, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced that Jonathan “Jon” Baksht joined the company as Chief Financial Officer, effective May 27, 2022. Mr...

10 months ago - GlobeNewsWire

Pactiv Evergreen Inc. (PTVE) Q1 Earnings and Revenues Beat Estimates

Pactiv Evergreen Inc. (PTVE) delivered earnings and revenue surprises of 20% and 5.10%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

11 months ago - Zacks Investment Research

Pactiv Evergreen Inc. Schedules First Quarter 2022 Financial Results

LAKE FOREST, Ill., April 07, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE) today announced the following details for its first quarter 2022 earnings release and teleconference call.

1 year ago - GlobeNewsWire

Pactiv Evergreen Inc. Completes Divestiture of Ownership Interest in Naturepak Beverage Packaging Co Ltd Joint Venture

LAKE FOREST, Ill., March 29, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) announced today that its wholly-owned subsidiary, Evergreen Packaging International LLC, completed the previo...

1 year ago - GlobeNewsWire