Sealed Air (NYSE:SEE) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Sealed Air (NYSE:SEE) issued its earnings results on Tuesday. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08, Zacks reports. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. Sealed Air’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. Sealed Air updated its FY 2025 guidance to 2.900-3.300 EPS and its FY25 guidance to $2.90 to $3.30 EPS.

Sealed Air Price Performance

Sealed Air stock traded down $0.22 during mid-day trading on Thursday, hitting $33.39. The company’s stock had a trading volume of 295,457 shares, compared to its average volume of 1,216,823. Sealed Air has a twelve month low of $30.87 and a twelve month high of $41.14. The stock’s fifty day moving average price is $34.13 and its two-hundred day moving average price is $34.90. The stock has a market capitalization of $4.86 billion, a P/E ratio of 12.28 and a beta of 1.34. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, March 14th. Sealed Air’s payout ratio is 44.20%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SEE shares. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Citigroup reduced their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Truist Financial increased their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Morgan Stanley decreased 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 research report on Monday, January 13th. Finally, Mizuho cut their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Seven 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.17.

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.