FY2024 EPS Estimates for Sealed Air Boosted by William Blair

Sealed Air Co. (NYSE:SEE) – Research analysts at William Blair upped their FY2024 earnings per share (EPS) estimates for Sealed Air in a research note issued to investors on Thursday, November 7th. William Blair analyst R. Sparenblek now expects that the industrial products company will earn $3.05 per share for the year, up from their prior forecast of $2.90. The consensus estimate for Sealed Air’s current full-year earnings is $3.05 per share. William Blair also issued estimates for Sealed Air’s Q4 2024 earnings at $0.66 EPS and FY2025 earnings at $2.95 EPS.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Raymond James raised shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Thursday, October 17th. Wells Fargo & Company lifted their price objective on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. UBS Group decreased their target price on shares of Sealed Air from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 17th. Finally, Truist Financial dropped their price target on Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Sealed Air Price Performance

Shares of NYSE:SEE opened at $35.60 on Monday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 8.82 and a beta of 1.34. The firm has a fifty day moving average price of $35.38 and a 200 day moving average price of $35.79. Sealed Air has a fifty-two week low of $30.87 and a fifty-two week high of $41.14.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SEE. Vanguard Group Inc. increased its holdings in Sealed Air by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock worth $621,380,000 after purchasing an additional 600,146 shares during the period. Millennium Management LLC grew its position in shares of Sealed Air by 38.2% during the 2nd quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock worth $143,136,000 after buying an additional 1,136,985 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Sealed Air during the third quarter valued at $139,800,000. Earnest Partners LLC raised its holdings in shares of Sealed Air by 7.3% in the first quarter. Earnest Partners LLC now owns 2,500,378 shares of the industrial products company’s stock valued at $93,014,000 after acquiring an additional 170,846 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sealed Air by 33.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock worth $66,475,000 after acquiring an additional 479,675 shares during the period. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, December 6th. Sealed Air’s payout ratio is currently 29.41%.

Sealed Air Company Profile

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.