FY2025 EPS Estimates for Sealed Air Reduced by Analyst

Sealed Air Co. (NYSE:SEE) – Equities research analysts at Zacks Research dropped their FY2025 earnings per share estimates for Sealed Air in a research note issued on Tuesday, March 25th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $3.02 for the year, down from their previous forecast of $3.04. The consensus estimate for Sealed Air’s current full-year earnings is $3.05 per share.

Sealed Air (NYSE:SEE) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS.

Other research analysts have also recently issued reports about the company. Morgan Stanley lowered their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company upped their target price on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. UBS Group upped their price objective on shares of Sealed Air from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Finally, Truist Financial lifted their target price on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Sealed Air Stock Down 1.8 %

Shares of NYSE SEE opened at $29.02 on Friday. The stock has a market cap of $4.23 billion, a PE ratio of 10.67 and a beta of 1.32. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. Sealed Air has a 12-month low of $28.67 and a 12-month high of $41.14. The company has a 50-day moving average of $32.64 and a 200 day moving average of $34.38.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, March 14th. Sealed Air’s payout ratio is currently 44.20%.

Insiders Place Their Bets

In related news, Director Henry R. Keizer purchased 1,120 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now directly owns 35,000 shares in the company, valued at $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sealed Air

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP increased its position in Sealed Air by 9.2% during the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after buying an additional 311 shares during the period. Arizona State Retirement System increased its holdings in shares of Sealed Air by 0.8% in the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock valued at $1,430,000 after acquiring an additional 348 shares during the period. Horizon Kinetics Asset Management LLC raised its position in Sealed Air by 0.8% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock valued at $1,470,000 after purchasing an additional 350 shares during the last quarter. Choreo LLC boosted its stake in Sealed Air by 3.7% during the 4th quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 351 shares during the period. Finally, Metis Global Partners LLC grew its position in Sealed Air by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 375 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

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.