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.（納斯達克股票代碼：PTVE）在週四收盤後公佈了第四季度財務業績。
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.
總淨收入同比下降14％，從2022年第四季度的14.76億美元至12.74億美元。調整後的每股收益從去年同期的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總裁兼首席執行官邁克爾·金表示：“對於Pactiv Evergreen來說，今年是關鍵的一年。公司對卓越運營和盈利增長的承諾幫助抵消了我們全年遇到的不利因素。我們的團隊表現出了敏捷性和紀律性，使公司能夠超越其財務目標，同時也爲客戶提供服務。2023 年，公司在轉型之旅的多個方面取得了重大進展，我對員工的辛勤工作感激不盡。展望2024年，公司計劃通過佔地面積優化計劃啓動下一階段的戰略轉型，其中包括合理調整公司部分產能。我們預計，隨着公司瞄準可持續增長機會，這些行動每年將節省大量成本，並更好地使資源和能力與客戶需求保持一致。”
Pactiv Evergreen shares fell 10.1% to close at $13.26 on Friday.
週五，Pactiv Evergreen股價下跌10.1％，收於13.26美元。
These analysts made changes to their price targets on Pactiv Evergreen after the company reported quarterly results.
在Pactiv Evergreen公佈季度業績後，這些分析師更改了公司的目標股價。
- 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.
- 貝爾德將Pactiv Evergreen的目標股價從12美元上調至15美元。貝爾德分析師甘沙姆·潘賈比維持中性評級。
- 高盛將Pactiv Evergreen的目標股價從12.5美元上調至14美元。高盛分析師亞當·薩繆爾森維持中性評級。
- 花旗集團將Pactiv Evergreen的目標股價從16美元下調至15美元。花旗集團分析師安東尼·佩蒂納裏維持買入評級。
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