Zacks Research Reduces Earnings Estimates for Sealed Air

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

Several other analysts also recently commented on the stock. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Wells Fargo & Company lifted their price objective on shares of Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Morgan Stanley reduced their target price 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. Mizuho lowered their price target on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group set a $36.00 price objective on Sealed Air in a report on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Sealed Air Stock Up 0.1 %

Shares of NYSE SEE opened at $29.59 on Friday. The firm has a 50 day moving average price of $32.75 and a 200 day moving average price of $34.40. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The stock has a market cap of $4.31 billion, a P/E ratio of 10.88 and a beta of 1.32. Sealed Air has a 52-week low of $28.67 and a 52-week high of $41.14.

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

Institutional Trading of Sealed Air

A number of institutional investors and hedge funds have recently made changes to their positions in SEE. Quarry LP raised its position in Sealed Air by 9.2% during the third quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 311 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Sealed Air by 0.8% during the 4th quarter. Arizona State Retirement System now owns 42,277 shares of the industrial products company’s stock worth $1,430,000 after buying an additional 348 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its position in shares of Sealed Air by 0.8% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 43,450 shares of the industrial products company’s stock worth $1,470,000 after buying an additional 350 shares during the last quarter. Choreo LLC boosted its stake in Sealed Air by 3.7% in the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company’s stock valued at $331,000 after buying an additional 351 shares in the last quarter. Finally, Metis Global Partners LLC grew its position in Sealed Air by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 375 shares during the last quarter. Institutional investors own 94.40% of the company’s stock.

Insider Buying and Selling

In other news, Director Henry R. Keizer acquired 1,120 shares of Sealed Air stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the purchase, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,050,000. This represents a 3.31 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Sealed Air Dividend Announcement

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

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.