Pactiv Evergreen (NASDAQ:PTVE – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05, Briefing.com reports. Pactiv Evergreen had a negative net margin of 1.50% and a positive return on equity of 13.89%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company posted $0.13 EPS. Pactiv Evergreen’s revenue for the quarter was down 12.5% on a year-over-year basis.
Pactiv Evergreen Stock Down 12.4 %
Shares of Pactiv Evergreen stock traded down $1.92 during trading hours on Friday, reaching $13.57. 1,743,190 shares of the company’s stock were exchanged, compared to its average volume of 315,325. The stock has a market cap of $2.43 billion, a P/E ratio of -29.50, a P/E/G ratio of 0.99 and a beta of 1.43. The company has a 50 day moving average of $14.22 and a two-hundred day moving average of $13.14. The company has a current ratio of 2.00, a quick ratio of 0.93 and a debt-to-equity ratio of 2.69. Pactiv Evergreen has a fifty-two week low of $6.85 and a fifty-two week high of $15.84.
Pactiv Evergreen Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.40 annualized dividend and a yield of 2.95%. Pactiv Evergreen’s dividend payout ratio (DPR) is presently -86.96%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Pactiv Evergreen
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.
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