FY2024 EPS Estimates for Sealed Air Raised by Zacks Research

Sealed Air Co. (NYSE:SEE) – Stock analysts at Zacks Research upped their FY2024 earnings per share estimates for Sealed Air in a report issued on Thursday, November 21st. Zacks Research analyst M. Das now expects that the industrial products company will earn $3.05 per share for the year, up from their previous estimate of $2.93. The consensus estimate for Sealed Air’s current full-year earnings is $3.06 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 released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm earned $0.77 EPS. Sealed Air’s revenue for the quarter was down 2.7% on a year-over-year basis.

Other research analysts have also issued research reports about the company. Morgan Stanley began coverage on Sealed Air in a report on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Royal Bank of Canada decreased their target price on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 17th. Jefferies Financial Group lowered Sealed Air from a “buy” rating to a “hold” rating and lowered their price target for the company from $47.00 to $35.00 in a research report on Friday, August 9th. Finally, StockNews.com raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Sealed Air Stock Performance

NYSE SEE opened at $36.61 on Monday. The stock has a market capitalization of $5.33 billion, a PE ratio of 13.46, a P/E/G ratio of 4.97 and a beta of 1.34. Sealed Air has a 1 year low of $30.87 and a 1 year high of $41.14. The company’s 50 day simple moving average is $35.74 and its two-hundred day simple moving average is $35.85. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.19%. Sealed Air’s payout ratio is 29.41%.

Hedge Funds Weigh In On Sealed Air

Large investors have recently made changes to their positions in the business. Pacer Advisors Inc. bought a new position in Sealed Air during the third quarter valued at approximately $139,800,000. Swedbank AB bought a new position in shares of Sealed Air in the third quarter worth about $53,681,000. Millennium Management LLC increased its position in shares of Sealed Air by 38.2% during the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock worth $143,136,000 after acquiring an additional 1,136,985 shares during the period. Maple Rock Capital Partners Inc. increased its stake in shares of Sealed Air by 56.6% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after buying an additional 548,493 shares during the period. Finally, Appian Way Asset Management LP raised its stake in Sealed Air by 68.1% in the second quarter. Appian Way Asset Management LP now owns 1,349,857 shares of the industrial products company’s stock worth $46,962,000 after buying an additional 546,701 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

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.