Sealed Air (SEE) to Release Earnings on Tuesday

Sealed Air (NYSE:SEE) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Sealed Air to post earnings of $0.69 per share and revenue of $1.36 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Sealed Air Stock Down 2.2 %

Shares of Sealed Air stock opened at $32.32 on Friday. Sealed Air has a 52-week low of $30.87 and a 52-week high of $41.14. The company has a 50 day moving average of $34.25 and a 200 day moving average of $34.92. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The company has a market capitalization of $4.71 billion, a P/E ratio of 11.88 and a beta of 1.34.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. Sealed Air’s dividend payout ratio is presently 29.41%.

Wall Street Analysts Forecast Growth

SEE has been the subject of several recent analyst reports. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America reduced their price objective on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. UBS Group reduced their price objective on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Truist Financial lifted their target price on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley cut their target price on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Sealed Air has an average rating of “Moderate Buy” and an average target price of $40.00.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.