Sealed Air FY2024 EPS Estimate Increased by Zacks Research

Sealed Air Co. (NYSE:SEE) – Equities researchers at Zacks Research increased their FY2024 EPS estimates for Sealed Air in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings per share of $3.05 for the year, up from their prior estimate of $2.93. The consensus estimate for Sealed Air’s current full-year earnings is $3.07 per share. Zacks Research also issued estimates for Sealed Air’s Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.77 EPS, FY2025 earnings at $3.02 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.80 EPS, Q3 2026 earnings at $0.83 EPS and FY2026 earnings at $3.24 EPS.

Sealed Air (NYSE:SEE) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS.

Other analysts have also issued reports about the stock. Royal Bank of Canada dropped their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a report on Thursday, October 17th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday. Wells Fargo & Company upped their target price on Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Thursday, October 17th. Finally, Morgan Stanley initiated coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 target price on the stock. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Sealed Air Stock Up 1.0 %

Shares of NYSE SEE opened at $35.90 on Monday. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 4.91 and a beta of 1.34. 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 firm’s fifty day moving average is $35.69 and its 200 day moving average is $35.85. Sealed Air has a 52 week low of $30.87 and a 52 week high of $41.14.

Hedge Funds Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently made changes to their positions in SEE. Quarry LP grew its stake in Sealed Air by 9.2% during the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 311 shares during the last quarter. Everence Capital Management Inc. increased its stake in Sealed Air by 2.8% during the 3rd quarter. Everence Capital Management Inc. now owns 13,940 shares of the industrial products company’s stock worth $506,000 after buying an additional 380 shares in the last quarter. United Services Automobile Association raised its position in shares of Sealed Air by 3.5% in the second quarter. United Services Automobile Association now owns 11,533 shares of the industrial products company’s stock valued at $401,000 after buying an additional 393 shares during the last quarter. Raymond James Trust N.A. raised its holdings in Sealed Air by 3.4% in the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company’s stock valued at $509,000 after acquiring an additional 466 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its position in Sealed Air by 1.3% during the second quarter. Mount Yale Investment Advisors LLC now owns 36,643 shares of the industrial products company’s stock worth $1,275,000 after buying an additional 467 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.23%. Sealed Air’s payout ratio is 29.41%.

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.