Why Pactiv Evergreen Stock Was Falling Today [Yahoo! Finance]
Pactiv Evergreen Inc. - Common stock (PTVE)
Company Research
Source: Yahoo! Finance
As of 12:23 p.m. ET, the stock was down 9.8%. Pactiv Evergreen comes up short Shares of the restaurant industry supplier reported a 14% decline in revenue in the fourth quarter to $1.27 billion, which compared to analyst estimates of $1.32 billion. The decline was largely expected after Pactiv closed a mill in North Carolina as part of its strategy of pivoting away from its legacy beverage manufacturing operations. The company also cited lower sales volume, unfavorable pricing due to lower material costs that are passed on to customers, and an unfavorable sales mix as reasons for the lower revenue. That strategy did pay off on the bottom line as adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) improved from $167 million to $207 million. Adjusted earnings per share, which eliminates restructuring costs, improved from $0.17 to $0.33, which beat estimates at $0.21. Pactiv Evergreen also announced another restructuring plan it's calling a "foo
Show less
Read more
Impact Snapshot
Event Time:
PTVE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PTVE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PTVE alerts
High impacting Pactiv Evergreen Inc. - Common stock news events
Weekly update
A roundup of the hottest topics
PTVE
News
- Pactiv Evergreen Inc. Just Recorded A 37% EPS Beat: Here's What Analysts Are Forecasting Next [Yahoo! Finance]Yahoo! Finance
- Pactiv Evergreen Inc. (NASDAQ:PTVE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pactiv Evergreen Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Pactiv Evergreen Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Pactiv Evergreen Inc. Declares Quarterly DividendGlobeNewswire
PTVE
Earnings
- 5/2/24 - Beat
PTVE
Sec Filings
- 5/6/24 - Form DEL
- 5/3/24 - Form S-3
- 5/3/24 - Form 10-Q
- PTVE's page on the SEC website