Sealed Air (NYSE:SEE) Announces Quarterly Earnings Results

Sealed Air (NYSE:SEE) announced its quarterly earnings data on Monday. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05, FiscalAI reports. Sealed Air had a net margin of 8.52% and a return on equity of 54.90%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Sealed Air Stock Down 0.1%

Shares of NYSE:SEE opened at $41.88 on Monday. The company’s fifty day moving average is $41.74 and its 200-day moving average is $38.27. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.75 and a current ratio of 1.29. Sealed Air has a 52 week low of $22.78 and a 52 week high of $44.27. The company has a market capitalization of $6.17 billion, a PE ratio of 13.60 and a beta of 1.35.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, March 13th. Sealed Air’s dividend payout ratio is 25.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SEE shares. Truist Financial lifted their price objective on Sealed Air from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target (up from $43.80) on shares of Sealed Air in a research report on Monday, November 17th. Wall Street Zen lowered Sealed Air from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Morgan Stanley raised their price objective on shares of Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Finally, Royal Bank Of Canada upped their target price on shares of Sealed Air from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sealed Air presently has a consensus rating of “Moderate Buy” and an average price target of $43.42.

Hedge Funds Weigh In On Sealed Air

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of Sealed Air in the 4th quarter valued at approximately $737,000. Coastal Bridge Advisors LLC acquired a new stake in Sealed Air in the fourth quarter worth $201,000. Smartleaf Asset Management LLC boosted its position in shares of Sealed Air by 15.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,505 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 332 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Sealed Air by 85.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,703 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 1,249 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Sealed Air in the 4th quarter valued at $78,000. Institutional investors own 94.40% of the company’s stock.

Sealed Air Company Profile

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.