Pactiv Evergreen (PTVE) to Release Earnings on Tuesday

Pactiv Evergreen (NASDAQ:PTVE - Get Free Report) is scheduled to release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Pactiv Evergreen to post earnings of $0.33 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Pactiv Evergreen Stock Up 1.2 %

PTVE stock traded up $0.13 during mid-day trading on Tuesday, hitting $11.35. 173,054 shares of the company were exchanged, compared to its average volume of 383,937. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.93 and a current ratio of 2.04. The firm has a market cap of $2.03 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.28 and a beta of 1.30. The firm's 50 day simple moving average is $11.57 and its 200 day simple moving average is $12.02. Pactiv Evergreen has a 1-year low of $8.83 and a 1-year high of $15.84.

Wall Street Analyst Weigh In

PTVE has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Pactiv Evergreen from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada decreased their price objective on shares of Pactiv Evergreen from $15.00 to $13.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Citigroup decreased their price objective on shares of Pactiv Evergreen from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Monday, July 8th. Finally, Robert W. Baird decreased their price objective on shares of Pactiv Evergreen from $15.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.