Sealed Air Co. (NYSE:SEE) – Equities researchers at Jefferies Financial Group decreased their Q1 2021 EPS estimates for Sealed Air in a research report issued to clients and investors on Thursday, April 15th. Jefferies Financial Group analyst P. Ng now anticipates that the industrial products company will post earnings per share of $0.69 for the quarter, down from their prior estimate of $0.75. Jefferies Financial Group also issued estimates for Sealed Air’s Q3 2021 earnings at $0.82 EPS, Q4 2021 earnings at $1.06 EPS, FY2021 earnings at $3.26 EPS and FY2022 earnings at $3.71 EPS.
Sealed Air (NYSE:SEE) last released its quarterly earnings results on Monday, February 8th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.10. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.30 billion. Sealed Air had a net margin of 9.57% and a negative return on equity of 453.43%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS.
Shares of NYSE SEE opened at $48.50 on Monday. The company has a debt-to-equity ratio of 151.43, a quick ratio of 0.79 and a current ratio of 1.27. Sealed Air has a 1 year low of $26.87 and a 1 year high of $48.62. The stock’s 50-day simple moving average is $45.88 and its 200-day simple moving average is $44.30. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.76 and a beta of 1.22.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Berman Capital Advisors LLC boosted its position in shares of Sealed Air by 81.7% in the fourth quarter. Berman Capital Advisors LLC now owns 596 shares of the industrial products company’s stock worth $26,000 after buying an additional 268 shares during the period. Vantage Consulting Group Inc acquired a new stake in Sealed Air during the 4th quarter worth about $40,000. CWM LLC grew its stake in Sealed Air by 36.9% during the 4th quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 251 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Sealed Air in the 4th quarter valued at about $62,000. Finally, Arlington Partners LLC acquired a new stake in shares of Sealed Air during the first quarter worth approximately $65,000. Institutional investors own 90.49% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 19th. Shareholders of record on Friday, March 5th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $0.64 annualized dividend and a yield of 1.32%. Sealed Air’s payout ratio is presently 22.70%.
Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and shelf life extension, automate processes, and optimize total cost for perishable food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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