Zacks Research Lowers Earnings Estimates for Sealed Air

Sealed Air Co. (NYSE:SEE) – Stock analysts at Zacks Research dropped their FY2025 EPS estimates for Sealed Air in a research note issued on Tuesday, March 25th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $3.02 per share for the year, down from their prior estimate of $3.04. The consensus estimate for Sealed Air’s current full-year earnings is $3.05 per share.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group set a $36.00 price objective on shares of Sealed Air in a research note on Tuesday, March 4th. Citigroup decreased their price target on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Truist Financial lifted their price objective on Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. UBS Group increased their target price on shares of Sealed Air from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley lowered their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Sealed Air Stock Up 0.1 %

Shares of NYSE SEE opened at $29.59 on Friday. Sealed Air has a 1 year low of $28.67 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The firm has a market cap of $4.31 billion, a PE ratio of 10.88 and a beta of 1.32. The company has a 50 day simple moving average of $32.75 and a 200 day simple moving average of $34.40.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. Sealed Air’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.70%. Sealed Air’s payout ratio is currently 44.20%.

Insider Buying and Selling at Sealed Air

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $30.00 per share, with a total value of $33,600.00. Following the completion of the purchase, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Sealed Air

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Sealed Air during the 4th quarter worth approximately $27,000. Manchester Capital Management LLC grew its holdings in Sealed Air by 139.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 907 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sealed Air in the 4th quarter worth $45,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 913 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

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.