Sealed Air (SEE) Projected to Post Earnings on Tuesday

Sealed Air (NYSE:SEE - Get Free Report) is projected to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect Sealed Air to post earnings of $0.69 per share and revenue of $1.36 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Sealed Air Stock Down 2.2 %

SEE stock traded down $0.74 during midday trading on Friday, hitting $32.32. The company's stock had a trading volume of 1,645,627 shares, compared to its average volume of 1,150,380. The company's fifty day moving average price is $34.25 and its 200 day moving average price is $34.92. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14. The stock has a market capitalization of $4.71 billion, a P/E ratio of 11.88 and a beta of 1.34.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, March 14th. Sealed Air's dividend payout ratio is currently 29.41%.

Analyst Ratings Changes

A number of research firms have weighed in on SEE. Truist Financial raised their price target on Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Morgan Stanley lowered their target price on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday. Bank of America decreased their price objective on shares of Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, UBS Group dropped their target price on shares of Sealed Air from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

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.