Zacks Research Predicts Increased Earnings for Sealed Air

Sealed Air Co. (NYSE:SEE) – Stock analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Sealed Air in a note issued to investors on Thursday, November 21st. Zacks Research analyst M. Das now expects that the industrial products company will post earnings per share of $3.05 for the year, up from their prior estimate of $2.93. The consensus estimate for Sealed Air’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for Sealed Air’s Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.77 EPS, FY2025 earnings at $3.02 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.80 EPS, Q3 2026 earnings at $0.83 EPS and FY2026 earnings at $3.24 EPS.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS.

A number of other brokerages have also weighed in on SEE. Truist Financial cut their target price on shares of Sealed Air from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Raymond James upgraded shares of Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Thursday, October 17th. Wells Fargo & Company increased their price target on Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 9th. JPMorgan Chase & Co. decreased their target price on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Finally, Morgan Stanley began coverage on shares of Sealed Air in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 target price for the company. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sealed Air has an average rating of “Moderate Buy” and an average target price of $41.00.

Sealed Air Stock Down 1.8 %

Shares of NYSE SEE opened at $35.95 on Monday. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 4.97 and a beta of 1.34. Sealed Air has a 52 week low of $30.87 and a 52 week high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The firm’s fifty day moving average is $35.74 and its 200 day moving average is $35.85.

Institutional Investors Weigh In On Sealed Air

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its holdings in Sealed Air by 6.7% in the third quarter. Tidal Investments LLC now owns 32,519 shares of the industrial products company’s stock valued at $1,180,000 after purchasing an additional 2,051 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Sealed Air by 120.5% during the third quarter. Sanctuary Advisors LLC now owns 45,829 shares of the industrial products company’s stock worth $1,645,000 after purchasing an additional 25,046 shares during the last quarter. Neo Ivy Capital Management increased its stake in shares of Sealed Air by 187.3% during the third quarter. Neo Ivy Capital Management now owns 66,300 shares of the industrial products company’s stock worth $2,406,000 after acquiring an additional 43,220 shares during the period. Geode Capital Management LLC raised its stake in shares of Sealed Air by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock worth $83,542,000 after buying an additional 12,559 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Sealed Air by 26.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 57,141 shares of the industrial products company’s stock worth $2,074,000 after acquiring an additional 11,976 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.23%. Sealed Air’s dividend payout ratio is currently 29.41%.

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.