FY2025 EPS Estimates for Sealed Air Cut by Zacks Research

Sealed Air Co. (NYSE:SEE - Free Report) - Equities researchers at Zacks Research decreased their FY2025 earnings estimates for shares of Sealed Air in a research report issued to clients and 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 prior forecast of $3.04. The consensus estimate for Sealed Air's current full-year earnings is $3.05 per share.

A number of other brokerages also recently weighed in on SEE. Jefferies Financial Group set a $36.00 target price on shares of Sealed Air in a research note on Tuesday, March 4th. Morgan Stanley cut their target price on 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. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. 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. Finally, Truist Financial lifted their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Six investment 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.25.

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Sealed Air Trading Up 0.5 %

Sealed Air stock traded up $0.15 during mid-day trading on Friday, hitting $29.05. 356,507 shares of the stock were exchanged, compared to its average volume of 1,518,813. The firm's fifty day simple moving average is $32.53 and its two-hundred day simple moving average is $34.36. 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 12 month low of $28.37 and a 12 month high of $41.14. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 10.67 and a beta of 1.32.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The business's revenue was down .4% on a year-over-year basis.

Hedge Funds Weigh In On Sealed Air

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in shares of Sealed Air by 168.3% during the 4th quarter. Wellington Management Group LLP now owns 466,785 shares of the industrial products company's stock worth $15,791,000 after acquiring an additional 292,826 shares during the period. QSM Asset Management Ltd bought a new position in Sealed Air in the fourth quarter valued at $5,565,000. Mackenzie Financial Corp purchased a new position in shares of Sealed Air during the 4th quarter valued at about $231,000. Castlekeep Investment Advisors LLC bought a new stake in shares of Sealed Air in the 4th quarter worth approximately $372,000. Finally, PharVision Advisers LLC bought a new position in shares of Sealed Air during the fourth quarter valued at about $301,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sealed Air 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 acquired at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares of the company's stock, valued at $1,050,000. The trade was a 3.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. Sealed Air's dividend payout ratio (DPR) is currently 44.20%.

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.