FY2025 EPS Estimates for Sealed Air Cut by Zacks Research

Sealed Air Co. (NYSE:SEE) – Zacks Research lowered their FY2025 EPS estimates for shares of Sealed Air in a note issued to investors 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. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company earned $0.88 EPS. Sealed Air’s revenue for the quarter was down .4% compared to the same quarter last year.

A number of other brokerages also recently issued reports on SEE. Morgan Stanley dropped their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Citigroup decreased their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Bank of America cut their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company increased their price target on Sealed Air from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Sealed Air Price Performance

Sealed Air stock opened at $29.02 on Friday. The stock’s 50 day moving average is $32.64 and its 200 day moving average is $34.37. Sealed Air has a one year low of $28.67 and a one year high of $41.14. The firm has a market cap of $4.23 billion, a P/E ratio of 10.67 and a beta of 1.32. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Hedge Funds Weigh In On Sealed Air

Several hedge funds have recently modified their holdings of SEE. Vanguard Group Inc. grew its holdings in shares of Sealed Air by 17.7% in the fourth quarter. Vanguard Group Inc. now owns 18,330,381 shares of the industrial products company’s stock valued at $620,117,000 after acquiring an additional 2,754,395 shares in the last quarter. Invesco Ltd. grew its stake in Sealed Air by 69.2% in the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock valued at $128,176,000 after purchasing an additional 1,549,184 shares during the period. Norges Bank purchased a new stake in shares of Sealed Air during the 4th quarter valued at $50,562,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Sealed Air by 9.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock worth $416,657,000 after buying an additional 1,081,848 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Sealed Air by 84.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,015,442 shares of the industrial products company’s stock valued at $68,182,000 after buying an additional 920,000 shares during the period. Institutional investors own 94.40% of the company’s stock.

Insider Transactions at Sealed Air

In other news, Director Henry R. Keizer purchased 1,120 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

Sealed Air Announces Dividend

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

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.