Sealed Air (SEE) Scheduled to Post Earnings on Thursday

Sealed Air (NYSE:SEE) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Sealed Air to post earnings of $0.54 per share for the quarter. Sealed Air has set its FY24 guidance at $2.65-3.05 EPS and its FY 2024 guidance at 2.650-3.050 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Sealed Air (NYSE:SEE) last issued its earnings results on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. Sealed Air had a return on equity of 107.48% and a net margin of 6.22%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $0.99 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. On average, analysts expect Sealed Air to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sealed Air Trading Up 0.8 %

NYSE SEE opened at $31.72 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 8.21. Sealed Air has a twelve month low of $28.50 and a twelve month high of $48.44. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 3.44 and a beta of 1.28. The business’s fifty day moving average is $34.83 and its 200 day moving average is $34.29.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Thursday, March 7th. Sealed Air’s dividend payout ratio (DPR) is 33.90%.

Wall Street Analysts Forecast Growth

SEE has been the topic of several recent research reports. Wolfe Research initiated coverage on Sealed Air in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Wells Fargo & Company raised Sealed Air from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $35.00 to $43.00 in a report on Thursday, January 11th. Mizuho lowered their target price on Sealed Air from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, Truist Financial raised Sealed Air from a “hold” rating to a “buy” rating and raised their target price for the stock from $39.00 to $44.00 in a research report on Monday, April 8th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Sealed Air has an average rating of “Hold” and a consensus price target of $44.18.

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.