Sealed Air FY2024 EPS Forecast Increased by Zacks Research

Sealed Air Co. (NYSE:SEE) – Equities research analysts at Zacks Research boosted their FY2024 earnings estimates for Sealed Air in a research note issued to investors on Thursday, November 21st. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $3.05 per share for the year, up from their prior forecast 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.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada cut their target price on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company raised their target price on shares of Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Morgan Stanley initiated coverage on shares of Sealed Air in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 target price on the stock. Jefferies Financial Group lowered Sealed Air from a “buy” rating to a “hold” rating and dropped their price target for the company from $47.00 to $35.00 in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. reduced their price target on Sealed Air from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Sealed Air Price Performance

SEE opened at $35.95 on Monday. The company has a 50 day moving average of $35.74 and a two-hundred day moving average of $35.85. 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 52-week low of $30.87 and a 52-week high of $41.14. The company has a market cap of $5.24 billion, a P/E ratio of 13.22, a P/E/G ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE) last posted its earnings results 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. Sealed Air’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.

Institutional Investors Weigh In On Sealed Air

Several hedge funds and other institutional investors have recently bought and sold shares of SEE. Millennium Management LLC lifted its holdings in shares of Sealed Air by 38.2% in the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after purchasing an additional 1,136,985 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Sealed Air in the 3rd quarter worth about $139,800,000. Geode Capital Management LLC raised its stake in Sealed Air by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after acquiring an additional 12,559 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Sealed Air by 33.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock valued at $66,475,000 after purchasing an additional 479,675 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in Sealed Air by 1.4% during the second quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock worth $64,571,000 after purchasing an additional 24,940 shares during the period. 94.40% of the stock is owned by institutional investors.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, December 6th. Sealed Air’s dividend payout ratio (DPR) is presently 29.41%.

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.