Sealed Air (NYSE:SEE) Announces Earnings Results, Beats Estimates By $0.19 EPS

Sealed Air (NYSE:SEE) released its earnings results on Tuesday. The industrial products company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.68 by $0.19, Zacks reports. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%. Sealed Air updated its FY 2025 guidance to 3.250-3.350 EPS.

Sealed Air Price Performance

NYSE:SEE traded up $0.18 during midday trading on Thursday, hitting $36.77. 183,673 shares of the stock were exchanged, compared to its average volume of 1,570,369. Sealed Air has a one year low of $22.78 and a one year high of $38.85. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. The business has a 50-day moving average price of $34.13 and a two-hundred day moving average price of $32.00. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 2.40 and a beta of 1.38.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, December 5th. Sealed Air’s payout ratio is 40.40%.

Institutional Trading of Sealed Air

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC bought a new position in shares of Sealed Air in the fourth quarter valued at $737,000. Royal Bank of Canada raised its position in shares of Sealed Air by 21.4% during the first quarter. Royal Bank of Canada now owns 118,808 shares of the industrial products company’s stock worth $3,434,000 after purchasing an additional 20,925 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sealed Air by 94.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 756 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sealed Air during the first quarter worth $201,000. Finally, United Services Automobile Association purchased a new stake in Sealed Air during the first quarter valued at about $272,000. 94.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sealed Air in a report on Wednesday, October 8th. Citigroup raised their price target on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $50.00 target price (up previously from $39.00) on shares of Sealed Air in a report on Friday, October 17th. Wall Street Zen raised Sealed Air from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, UBS Group raised their price target on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Sealed Air presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.36.

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.