Sealed Air (NYSE:SEE) Announces Quarterly 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) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.17, Zacks reports. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the firm earned $0.83 EPS. The business's quarterly 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 Performance

SEE traded up $0.02 during trading on Thursday, reaching $29.30. The company's stock had a trading volume of 92,637 shares, compared to its average volume of 1,568,183. Sealed Air has a 52-week low of $22.78 and a 52-week high of $38.85. The company's fifty day moving average price is $31.32 and its 200-day moving average price is $30.93. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 2.73 and a beta of 1.33. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.76 and a current ratio of 1.19.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air's payout ratio is currently 39.60%.

Institutional Investors Weigh In On Sealed Air

A number of hedge funds and other institutional investors have recently modified their holdings of SEE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sealed Air by 94.9% during the 1st 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 last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sealed Air during the 1st quarter worth approximately $201,000. United Services Automobile Association acquired a new position in shares of Sealed Air during the 1st quarter worth approximately $272,000. Empowered Funds LLC raised its position in shares of Sealed Air by 4.1% during the 1st quarter. Empowered Funds LLC now owns 12,560 shares of the industrial products company's stock worth $363,000 after purchasing an additional 500 shares during the last quarter. Finally, Brighton Jones LLC acquired a new position in shares of Sealed Air during the 4th quarter worth approximately $737,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SEE has been the subject of a number of research reports. Citigroup lifted their price target on Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Truist Financial boosted their price objective on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. UBS Group lifted their price target on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company lifted their price target on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.27.

Sealed Air Company Profile

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.