Sealed Air (NYSE:SEE) Posts Earnings Results, Beats Expectations By $0.05 EPS

Sealed Air (NYSE:SEEGet Free Report) announced its earnings results on Monday. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05, FiscalAI reports. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 9.43% and a return on equity of 50.30%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share.

Sealed Air Price Performance

Shares of NYSE SEE opened at $41.99 on Wednesday. The business has a fifty day moving average price of $41.77 and a two-hundred day moving average price of $38.43. The stock has a market capitalization of $6.18 billion, a PE ratio of 12.24 and a beta of 1.35. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.29 and a quick ratio of 0.75. Sealed Air has a fifty-two week low of $22.78 and a fifty-two week high of $44.27.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, March 13th. Sealed Air’s dividend payout ratio (DPR) is 25.97%.

Institutional Investors Weigh In On Sealed Air

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Sealed Air during the 4th quarter worth approximately $737,000. Bank of America Corp DE increased its stake in Sealed Air by 13.7% in the second quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock valued at $130,963,000 after acquiring an additional 507,067 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Sealed Air during the second quarter worth $225,000. BNP Paribas Financial Markets lifted its stake in Sealed Air by 52.2% during the second quarter. BNP Paribas Financial Markets now owns 15,389 shares of the industrial products company’s stock worth $478,000 after purchasing an additional 5,276 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of Sealed Air by 147.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 67,990 shares of the industrial products company’s stock valued at $2,110,000 after purchasing an additional 40,481 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SEE. Royal Bank Of Canada increased their price objective on shares of Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Robert W. Baird reiterated a “neutral” rating and set a $42.00 target price (down from $45.00) on shares of Sealed Air in a report on Thursday, December 18th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target (up from $43.80) on shares of Sealed Air in a research note on Monday, November 17th. Wells Fargo & Company boosted their price target on Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Wall Street Zen lowered Sealed Air from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.09.

View Our Latest Stock Report on SEE

Sealed Air News Summary

Here are the key news stories impacting Sealed Air this week:

About Sealed Air

(Get Free Report)

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air’s solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company’s product portfolio is organized into three primary segments.

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Earnings History for Sealed Air (NYSE:SEE)

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