Sealed Air (NYSE:SEE) Announces Earnings Results, Beats Expectations By $0.14 EPS

Sealed Air (NYSE:SEE - Get Free Report) released its earnings results on Tuesday. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14, Zacks reports. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 earnings per share. Sealed Air updated its FY 2025 guidance to 2.900-3.300 EPS.

Sealed Air Trading Down 0.5 %

SEE stock traded down $0.14 during mid-day trading on Friday, reaching $30.59. 1,671,494 shares of the stock traded hands, compared to its average volume of 1,544,736. Sealed Air has a one year low of $22.78 and a one year high of $41.14. The stock has a market capitalization of $4.49 billion, a PE ratio of 11.25 and a beta of 1.35. The business has a 50-day moving average price of $28.19 and a two-hundred day moving average price of $32.54. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.20 per share. The ex-dividend date was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.62%. Sealed Air's payout ratio is 44.20%.

Insider Activity

In related news, Director Henry R. Keizer acquired 1,120 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares in the company, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.30% of the company's stock.

Institutional Trading of Sealed Air

An institutional investor recently bought a new position in Sealed Air stock. Brighton Jones LLC bought a new stake in Sealed Air Co. (NYSE:SEE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,800 shares of the industrial products company's stock, valued at approximately $737,000. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Truist Financial decreased their price target on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Raymond James dropped their target price on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Jefferies Financial Group set a $36.00 price target on shares of Sealed Air in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Sealed Air currently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

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.