Profile
Sector:
Consumer CyclicalIndustry:
Packaging & ContainersCountry:
United StatesIPO:
17 September 2020Website:
http://www.pactivevergreen.comNext earnings report:
02 August 2024Last dividends:
31 May 2024Next dividends:
N/APrice
regular market | 11 min agoAnalysts recommendations
Institutional Ownership
PTVE Latest News
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 announced a new restructuring plan, illustrating its commitment to restructuring efforts that are expected to further enhance efficiencies and generate cost savings. Additionally, it has been actively cutting down on its debt, reducing its net leverage ratio from 7.63x to 4.07x. It has targeted to achieve a low 3s in 2024.
Pactiv Evergreen Inc. (PTVE) ended the latest trading day at $15.25, up +1.67% from the day before.
Zacks.com users have shown a high level of interest in Pactiv Evergreen (PTVE) recently, so it is important to be aware of the key factors that could impact the stock's future performance.
On the most recent trading day, Pactiv Evergreen Inc. (PTVE) closed at $14.14, showing a decrease of 0.7% from its previous closing price.
Here is the performance of Pactiv Evergreen Inc. (PTVE) and QuantaSing Group Limited Unsponsored ADR (QSG) compared to their sector year-to-date.
At Zacks, we prioritize the Zacks Rank system, which relies on earnings estimates and revisions to identify top stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight strong selections.
In the most recent trading session, Pactiv Evergreen Inc. (PTVE) closed at $15.05, indicating a +1.07% shift from the previous trading day.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Pactiv missed estimates on the top line even as profits rose. The company announced another restructuring program.
Pactiv Evergreen Inc. (PTVE) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.18 per share a year ago.
- 1(current)
What type of business is Pactiv Evergreen?
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 Beverage Merchandising segment offers cartons for fresh refrigerated beverage products. This segment also provides integrated fresh carton systems, which include printed cartons with high-impact graphics, spouts, and filling machines, as well as fiber-based liquid packaging board and range of paper-based products. The company serves full-service restaurants, quick service restaurants, foodservice distributors, supermarkets, grocery and healthy eating retailers, other food stores, food and beverage producers, and food packers and food processors. The company was formerly known as Reynolds Group Holdings Limited. Pactiv Evergreen Inc. was founded in 1880 and is headquartered in Lake Forest, Illinois. Pactiv Evergreen Inc. is a subsidiary of Packaging Finance Limited.
What sector is Pactiv Evergreen in?
Pactiv Evergreen is in the Consumer Cyclical sector
What industry is Pactiv Evergreen in?
Pactiv Evergreen is in the Packaging & Containers industry
What country is Pactiv Evergreen from?
Pactiv Evergreen is headquartered in United States
When did Pactiv Evergreen go public?
Pactiv Evergreen initial public offering (IPO) was on 17 September 2020
What is Pactiv Evergreen website?
https://www.pactivevergreen.com
Is Pactiv Evergreen in the S&P 500?
No, Pactiv Evergreen is not included in the S&P 500 index
Is Pactiv Evergreen in the NASDAQ 100?
No, Pactiv Evergreen is not included in the NASDAQ 100 index
Is Pactiv Evergreen in the Dow Jones?
No, Pactiv Evergreen is not included in the Dow Jones index
When does Pactiv Evergreen report earnings?
The next expected earnings date for Pactiv Evergreen is 02 August 2024