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Pactiv Evergreen (PTVE)
NASDAQ:PTVE
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PTVE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.58 - $15.84
Previous Close$11.44
Volume280.96K
Average Volume (3M)415.22K
Market Cap
$2.05B
Enterprise Value$5.84B
Total Cash (Recent Filing)$95.00M
Total Debt (Recent Filing)$3.88B
Price to Earnings (P/E)27.1
Beta1.61
Next Earnings
Nov 13, 2024EPS Estimate
$0.37Last Dividend Ex-Date
Aug 30, 2024Dividend Yield3.54%
Share Statistics
EPS (TTM)0.42
Shares Outstanding179,254,637
10 Day Avg. Volume340,819
30 Day Avg. Volume415,223
Standard Deviation0.13
R-Squared0.26
Alpha-0.00720
Financial Highlights & Ratios
Price to Book (P/B)1.54
Price to Sales (P/S)0.39
Price to Cash Flow (P/CF)5.30
P/FCF Ratio13.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.11
Enterprise Value/Gross Profit7.97
Enterprise Value/Ebitda11.04
Forecast
1Y Price Target
$13.60Price Target Upside17.85% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Pactiv Evergreen News
PremiumPress Releases
Pactiv Evergreen Inc. Declares Quarterly Dividend
Bulls Say, Bears Say
Bulls Say
Financial PerformancePactiv Evergreen reported diluted 1Q24 EPS of $0.14—with the headline number above Consensus ($0.09) and versus $0.13 for 1Q23.
Operational ImprovementsPTVE is already seeing benefits & margin stability as each of the remaining ~31 plants progresses towards Bronze.
Strategic InitiativesThe focus on accelerating cost-outs and the recently announced sale of the Pine Bluffs mill (and extrusion facility) to Suzano should fundamentally better position Pactiv on a go-forward basis.
Bears Say
Consumer SpendingPricing pressure in the industry is a testament to the consequences of a ‘lower-for-longer’ volume backdrop—noting that consumer spending challenges are likely to persist over the near term.
EarningsShares will likely be pressured on the weak earnings report, noting that net debt:EBITDA is still elevated at the expected ~4x by YE24.
Operational ChallengesVolumes were weaker than forecast, reflective of consumer spending challenges across multiple channels, with operational issues at the Pine Bluff mill also weighing on 2Q24.
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Ownership Overview
1.50% Insiders
8.62% Mutual Funds
14.22% Other Institutional Investors
75.66% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PTVE FAQ
What was Pactiv Evergreen’s price range in the past 12 months?
Pactiv Evergreen lowest stock price was $7.58 and its highest was $15.84 in the past 12 months.
What is Pactiv Evergreen’s market cap?
Currently, no data Available
When is Pactiv Evergreen’s upcoming earnings report date?
Pactiv Evergreen’s upcoming earnings report date is Nov 13, 2024 which is in 55 days.
How were Pactiv Evergreen’s earnings last quarter?
Pactiv Evergreen released its earnings results on Jul 31, 2024. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.256 by -$0.086.
Is Pactiv Evergreen overvalued?
According to Wall Street analysts Pactiv Evergreen’s price is currently Undervalued.
Does Pactiv Evergreen pay dividends?
Pactiv Evergreen pays a Quarterly dividend of $0.1 which represents an annual dividend yield of 3.54%. See more information on Pactiv Evergreen dividends here
What is Pactiv Evergreen’s EPS estimate?
Pactiv Evergreen’s EPS estimate is $0.37.
How many shares outstanding does Pactiv Evergreen have?
Pactiv Evergreen has 179,254,640 shares outstanding.
What happened to Pactiv Evergreen’s price movement after its last earnings report?
Pactiv Evergreen reported an EPS of $0.17 in its last earnings report, missing expectations of $0.256. Following the earnings report the stock price went down -20.414%.
Which hedge fund is a major shareholder of Pactiv Evergreen?
Among the largest hedge funds holding Pactiv Evergreen’s share is Caxton Associates LP. It holds Pactiv Evergreen’s shares valued at 367K.
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Pactiv Evergreen Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$13.60 (17.85% Upside)
$13.60 (17.85% Upside)
Blogger Sentiment
Bullish
PTVE Sentiment 100%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 18.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 0.3%
Last 30 Days ▲ 0.3%
Technicals
SMA
Negative
20 days / 200 days
Momentum
41.63%
12-Months-Change
Fundamentals
Return on Equity
5.81%
Trailing 12-Months
Asset Growth
-4.04%
Trailing 12-Months
Company Description
Pactiv Evergreen
Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh food service and food merchandising products and fresh beverage cartons. The products are supplied to food service distributors, supermarkets, grocery and healthy eating retailers, other food stores, food and beverage producers, food packers and food processors.
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PTVE Company Deck
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PTVE Earnings Call
Q2 2024
0:00 / 0:00
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PTVE Stock 12 Month Forecast
Average Price Target
$13.60
▲(17.85% Upside)
Technical Analysis
Best Analysts Covering PTVE
1 Year
1 Year Success Rate
11/24 ratings generated profit
1 Year Average Return
+12.07%
reiterated a buy rating last month
Copying Arun Viswanathan's trades and holding each position for 1 Year would result in 45.83% of your transactions generating a profit, with an average return of +12.07% per trade.
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