These Analysts Revise Their Forecasts On Pactiv Evergreen After Q4 Results
These Analysts Revise Their Forecasts On Pactiv Evergreen After Q4 Results
Pactiv Evergreen Inc. (NASDAQ:PTVE) reported fourth-quarter financial results after the closing bell on Thursday.
Pactiv Evergreen Inc.（纳斯达克股票代码：PTVE）在周四收盘后公布了第四季度财务业绩。
Total net revenues fell 14% year-over-year to $1,274 million from $1,476 million in the fourth quarter of 2022. Adjusted earnings fell to 33 cents per share from 17 cents in the year-ago quarter.
总净收入同比下降14％，从2022年第四季度的14.76亿美元至12.74亿美元。调整后的每股收益从去年同期的17美分降至33美分。
Michael King, President and Chief Executive Officer of Pactiv Evergreen, said, "This was a pivotal year for Pactiv Evergreen. The Company's commitment to operational excellence and profitable growth helped offset the headwinds we encountered throughout the year. Our teams demonstrated agility and discipline, allowing the Company to exceed its financial goals while also delivering for customers. The Company made significant progress on multiple fronts of its transformational journey in 2023, and I cannot thank our employees enough for their hard work. Looking ahead to 2024, the Company plans to initiate the next phase of its strategic transformation through a footprint optimization plan, which will include the rationalization of a portion of the Company's production capacity. We expect these actions to generate significant annual cost savings and better align resources and capabilities with customers' needs as the Company targets sustainable growth opportunities."
Pactiv Evergreen总裁兼首席执行官迈克尔·金表示：“对于Pactiv Evergreen来说，今年是关键的一年。公司对卓越运营和盈利增长的承诺帮助抵消了我们全年遇到的不利因素。我们的团队表现出了敏捷性和纪律性，使公司能够超越其财务目标，同时也为客户提供服务。2023 年，公司在转型之旅的多个方面取得了重大进展，我对员工的辛勤工作感激不尽。展望2024年，公司计划通过占地面积优化计划启动下一阶段的战略转型，其中包括合理调整公司部分产能。我们预计，随着公司瞄准可持续增长机会，这些行动每年将节省大量成本，并更好地使资源和能力与客户需求保持一致。”
Pactiv Evergreen shares fell 10.1% to close at $13.26 on Friday.
周五，Pactiv Evergreen股价下跌10.1％，收于13.26美元。
These analysts made changes to their price targets on Pactiv Evergreen after the company reported quarterly results.
在Pactiv Evergreen公布季度业绩后，这些分析师更改了公司的目标股价。
- Baird raised the price target on Pactiv Evergreen from $12 to $15. Baird analyst Ghansham Panjabi maintained a Neutral rating.
- Goldman Sachs boosted the price target on Pactiv Evergreen from $12.5 to $14. Goldman Sachs analyst Adam Samuelson maintained a Neutral rating.
- Citigroup cut the price target on Pactiv Evergreen from $16 to $15. Citigroup analyst Anthony Pettinari maintained a Buy rating.
- 贝尔德将Pactiv Evergreen的目标股价从12美元上调至15美元。贝尔德分析师甘沙姆·潘贾比维持中性评级。
- 高盛将Pactiv Evergreen的目标股价从12.5美元上调至14美元。高盛分析师亚当·萨缪尔森维持中性评级。
- 花旗集团将Pactiv Evergreen的目标股价从16美元下调至15美元。花旗集团分析师安东尼·佩蒂纳里维持买入评级。
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