Sealed Air (NYSE:SEE) Announces Earnings Results

Key Points

• Sealed Air reported a quarterly earnings of $0.89 per share, exceeding analysts' expectations by $0.17.
• The company has declared a $0.20 quarterly dividend, representing an annualized yield of 2.7% with a payout ratio of 39.60%.
• Wall Street analysts have a Moderate Buy rating for Sealed Air, with an average price target of $38.27, reflecting optimistic growth prospects.

Sealed Air (NYSE:SEE - Get Free Report) released its quarterly earnings results on Tuesday. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.17, Zacks reports. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business's revenue was down .7% on a year-over-year basis. Sealed Air updated its FY 2025 guidance to 2.900-3.300 EPS.

Sealed Air Stock Down 0.8%

Shares of NYSE:SEE traded down $0.24 during midday trading on Friday, hitting $29.30. The stock had a trading volume of 1,100,773 shares, compared to its average volume of 1,285,142. The business's 50-day simple moving average is $31.20 and its 200-day simple moving average is $30.82. Sealed Air has a 12 month low of $22.78 and a 12 month high of $38.85. The company has a market cap of $4.31 billion, a P/E ratio of 14.80, a PEG ratio of 2.31 and a beta of 1.33. The company has a quick ratio of 0.76, a current ratio of 1.19 and a debt-to-equity ratio of 4.18.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. Sealed Air's dividend payout ratio (DPR) is currently 40.40%.

Analyst Ratings Changes

SEE has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. UBS Group increased their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Citigroup raised their price target on shares of Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Mizuho lifted their target price on shares of Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research report on Tuesday, July 15th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.27.

Institutional Investors Weigh In On Sealed Air

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of Sealed Air during the fourth quarter worth $737,000. Royal Bank of Canada grew its holdings 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 last quarter. Focus Partners Wealth boosted its holdings in Sealed Air by 66.9% in the first quarter. Focus Partners Wealth now owns 41,184 shares of the industrial products company's stock valued at $1,190,000 after acquiring an additional 16,515 shares during the last quarter. United Services Automobile Association bought a new stake in Sealed Air in the first quarter valued at approximately $272,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Sealed Air in the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 94.40% of the company's stock.

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.