Sealed Air (SEE) Projected to Post Quarterly Earnings on Tuesday

Sealed Air (NYSE:SEE) is projected to announce its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $1.36 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Sealed Air Trading Down 0.3 %

SEE opened at $33.99 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 12.49 and a beta of 1.34. The company has a 50-day simple moving average of $34.51 and a 200 day simple moving average of $34.98.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Morgan Stanley reduced their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. UBS Group lowered their price target on Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Bank of America reduced their price objective on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Citigroup lowered their target price 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. Eight 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.00.

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.