Q2 2024 Earnings Estimate for Sealed Air Co. Issued By Zacks Research (NYSE:SEE)

Sealed Air Co. (NYSE:SEE - Free Report) - Investment analysts at Zacks Research lowered their Q2 2024 earnings per share estimates for shares of Sealed Air in a research report issued to clients and investors on Wednesday, May 15th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings per share of $0.64 for the quarter, down from their prior forecast of $0.68. The consensus estimate for Sealed Air's current full-year earnings is $2.89 per share. Zacks Research also issued estimates for Sealed Air's Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.78 EPS, Q4 2025 earnings at $0.82 EPS, FY2025 earnings at $3.07 EPS and Q1 2026 earnings at $0.77 EPS.

Several other brokerages also recently issued reports on SEE. Truist Financial upgraded Sealed Air from a "hold" rating to a "buy" rating and upped their price objective for the company from $39.00 to $44.00 in a research report on Monday, April 8th. Wolfe Research assumed coverage on shares of Sealed Air in a report on Friday, March 1st. They set a "peer perform" rating for the company. Mizuho reduced their price objective on shares of Sealed Air from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, May 3rd. Finally, William Blair reaffirmed a "market perform" rating on shares of Sealed Air in a research note on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Sealed Air currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.50.

Sealed Air Price Performance

NYSE SEE traded down $0.09 during trading hours on Friday, reaching $38.88. The company's stock had a trading volume of 1,045,561 shares, compared to its average volume of 1,613,709. The company has a debt-to-equity ratio of 7.49, a quick ratio of 0.80 and a current ratio of 1.33. The company's 50-day moving average is $34.79 and its two-hundred day moving average is $34.86. Sealed Air has a fifty-two week low of $28.50 and a fifty-two week high of $47.12. The stock has a market cap of $5.66 billion, a PE ratio of 15.60, a PEG ratio of 3.48 and a beta of 1.31.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.25. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The business's revenue was down 1.4% compared to the same quarter last year.

Hedge Funds Weigh In On Sealed Air

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP increased its holdings in shares of Sealed Air by 125.4% in the 1st quarter. Western Pacific Wealth Management LP now owns 6,085 shares of the industrial products company's stock valued at $226,000 after purchasing an additional 3,385 shares during the period. Garner Asset Management Corp lifted its position in Sealed Air by 4.2% in the 1st quarter. Garner Asset Management Corp now owns 16,845 shares of the industrial products company's stock worth $627,000 after buying an additional 673 shares in the last quarter. Invenomic Capital Management LP boosted its stake in shares of Sealed Air by 97.7% during the 1st quarter. Invenomic Capital Management LP now owns 370,045 shares of the industrial products company's stock valued at $13,766,000 after buying an additional 182,903 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Sealed Air during the 1st quarter valued at $420,000. Finally, 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 valued at $93,014,000 after acquiring an additional 170,846 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Thursday, March 7th. Sealed Air's dividend payout ratio (DPR) is currently 32.13%.

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.