FY2024 EPS Estimates for Sealed Air Raised by William Blair

Sealed Air Co. (NYSE:SEE - Free Report) - Equities researchers at William Blair increased their FY2024 earnings per share (EPS) estimates for Sealed Air in a report released 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 previous estimate 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 - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.13. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. Sealed Air's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS.

Several other research analysts also recently issued reports on the company. Morgan Stanley began coverage on Sealed Air in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $39.00 price target for the company. Jefferies Financial Group lowered Sealed Air from a "buy" rating to a "hold" rating and reduced their price target for the stock from $47.00 to $35.00 in a research note on Friday, August 9th. UBS Group dropped their price target on shares of Sealed Air from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their price objective on Sealed Air from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Thursday, August 15th. Finally, Royal Bank of Canada lowered their price target on Sealed Air from $40.00 to $39.00 and set a "sector perform" rating for the company in a report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sealed Air currently has an average rating of "Moderate Buy" and an average target price of $41.00.

Sealed Air Price Performance

Shares of NYSE SEE traded up $0.51 during midday trading on Monday, hitting $35.91. The company had a trading volume of 742,959 shares, compared to its average volume of 1,513,859. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 8.82 and a beta of 1.34. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14. The business has a 50-day simple moving average of $35.35 and a two-hundred day simple moving average of $35.73. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

Institutional Investors Weigh In On Sealed Air

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Sealed Air by 3.7% in the first quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company's stock valued at $621,380,000 after buying an additional 600,146 shares during the period. Millennium Management LLC lifted its position in shares of Sealed Air by 38.2% in the 2nd 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. Earnest Partners LLC grew its holdings in shares of Sealed Air by 7.3% during the 1st quarter. Earnest Partners LLC now owns 2,500,378 shares of the industrial products company's stock worth $93,014,000 after purchasing an additional 170,846 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Sealed Air by 33.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company's stock worth $66,475,000 after purchasing an additional 479,675 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in shares of Sealed Air by 1.4% during the second quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company's stock valued at $64,571,000 after purchasing an additional 24,940 shares during the period. Institutional investors own 94.40% of the company's stock.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, December 6th. Sealed Air's dividend payout ratio is 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.