Sealed Air (NYSE:SEE) Releases FY21 Earnings Guidance


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Sealed Air (NYSE:SEE) issued an update on its FY21 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.40-3.55 for the period, compared to the Thomson Reuters consensus estimate of $3.38. The company issued revenue guidance of $5.25-5.35 billion, compared to the consensus revenue estimate of $5.18 billion.Sealed Air also updated its FY 2021 guidance to 3.400-3.550 EPS.

Shares of NYSE:SEE traded up $4.77 during mid-day trading on Tuesday, reaching $54.92. The stock had a trading volume of 2,635,590 shares, compared to its average volume of 1,223,516. The company has a current ratio of 1.27, a quick ratio of 0.79 and a debt-to-equity ratio of 151.43. The company has a market cap of $8.42 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. Sealed Air has a 1 year low of $27.05 and a 1 year high of $54.97. The business’s 50 day moving average price is $47.00 and its 200 day moving average price is $44.81.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, May 4th. The industrial products company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Sealed Air had a negative return on equity of 453.43% and a net margin of 9.57%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts predict that Sealed Air will post 3.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 19th. Shareholders of record on Friday, March 5th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, March 4th. This represents a $0.64 annualized dividend and a yield of 1.17%. Sealed Air’s payout ratio is currently 22.70%.

SEE has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on Sealed Air from $52.00 to $56.00 in a research note on Thursday, April 15th. Smith Barney Citigroup raised Sealed Air from a neutral rating to a buy rating in a research note on Thursday, January 7th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Sealed Air from a neutral rating to a buy rating and upped their target price for the stock from $46.00 to $54.00 in a report on Thursday, January 7th. S&P Equity Research upgraded Sealed Air from a neutral rating to a buy rating and upped their target price for the stock from $46.00 to $54.00 in a report on Thursday, January 7th. Finally, UBS Group restated an in-line rating on shares of Sealed Air in a report on Friday, April 16th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Sealed Air has an average rating of Hold and an average price target of $46.75.

About Sealed Air

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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Earnings History and Estimates for Sealed Air (NYSE:SEE)

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