FY2024 EPS Estimates for Sealed Air Lifted by William Blair

Sealed Air Co. (NYSE:SEE) – Equities researchers at William Blair upped their FY2024 earnings per share (EPS) estimates for shares of Sealed Air in a research report issued on Thursday, November 7th. William Blair analyst R. Sparenblek now anticipates 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.

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, beating 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 earnings per share. Sealed Air’s revenue was down 2.7% compared to the same quarter last year.

Several other research firms also recently weighed in on SEE. UBS Group dropped their price target on Sealed Air from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada cut their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. Morgan Stanley assumed coverage on shares of Sealed Air in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Wells Fargo & Company upped their price target on shares of Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Finally, StockNews.com cut Sealed Air from a “buy” rating to a “hold” rating in a report on Friday. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Sealed Air Stock Up 1.3 %

NYSE:SEE opened at $35.87 on Monday. The company has a market cap of $5.23 billion, a PE ratio of 13.19, a P/E/G ratio of 8.82 and a beta of 1.34. 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 twelve month low of $30.87 and a twelve month high of $41.14. The company’s 50 day moving average is $35.37 and its two-hundred day moving average is $35.76.

Sealed Air Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. Sealed Air’s dividend payout ratio (DPR) is 29.41%.

Institutional Trading of Sealed Air

Several institutional investors have recently modified their holdings of the stock. Family Firm Inc. acquired a new position in Sealed Air in the 2nd quarter valued at $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in Sealed Air during the 2nd quarter valued at about $34,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Sealed Air during the 1st quarter worth approximately $52,000. Covestor Ltd increased its holdings in shares of Sealed Air by 651.2% in the first quarter. Covestor Ltd now owns 1,615 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Sealed Air by 523.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,912 shares of the industrial products company’s stock worth $101,000 after buying an additional 2,445 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

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.