FY2024 EPS Estimates for Sealed Air Lifted by Zacks Research

Sealed Air Co. (NYSE:SEE) – Analysts at Zacks Research lifted their FY2024 EPS estimates for shares of Sealed Air in a report released on Thursday, November 21st. Zacks Research analyst M. Das now expects 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 quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $0.77 EPS. Sealed Air’s revenue for the quarter was down 2.7% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group downgraded shares of Sealed Air from a “buy” rating to a “hold” rating and dropped their target price for the company from $47.00 to $35.00 in a research report on Friday, August 9th. Royal Bank of Canada cut their target price on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Morgan Stanley began coverage on Sealed Air in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 target price for the company. Truist Financial reduced their price objective on Sealed Air from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Sealed Air Stock Performance

Shares of SEE opened at $35.90 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air has a 52-week low of $30.87 and a 52-week high of $41.14. The stock has a 50 day moving average price of $35.69 and a 200 day moving average price of $35.85. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 4.91 and a beta of 1.34.

Institutional Trading of Sealed Air

Several hedge funds and other institutional investors have recently made changes to their positions in SEE. Neo Ivy Capital Management boosted its stake in shares of Sealed Air by 187.3% in the third quarter. Neo Ivy Capital Management now owns 66,300 shares of the industrial products company’s stock valued at $2,406,000 after buying an additional 43,220 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sealed Air by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after acquiring an additional 12,559 shares during the period. Y Intercept Hong Kong Ltd boosted its position in shares of Sealed Air by 26.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 57,141 shares of the industrial products company’s stock worth $2,074,000 after purchasing an additional 11,976 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Sealed Air by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 173,959 shares of the industrial products company’s stock worth $6,315,000 after purchasing an additional 13,410 shares during the period. Finally, Weiss Asset Management LP increased its holdings in shares of Sealed Air by 68.5% in the 3rd quarter. Weiss Asset Management LP now owns 405,542 shares of the industrial products company’s stock valued at $14,721,000 after purchasing an additional 164,863 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 dividend on an annualized basis and a yield of 2.23%. 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.