Sealed Air (NYSE:SEE – Get Free Report) released its quarterly earnings data on Thursday. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25, Briefing.com reports. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue was down 1.4% on a year-over-year basis. Sealed Air updated its Q2 guidance to $0.60-0.70 EPS and its FY24 guidance to $2.65-3.05 EPS.
Sealed Air Stock Performance
SEE traded up $0.24 on Friday, hitting $35.17. The company’s stock had a trading volume of 2,460,783 shares, compared to its average volume of 1,692,562. The company’s 50 day simple moving average is $34.34 and its 200-day simple moving average is $34.37. The firm has a market cap of $5.12 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 3.83 and a beta of 1.31. Sealed Air has a 12 month low of $28.50 and a 12 month high of $47.12. The company has a quick ratio of 0.79, a current ratio of 1.33 and a debt-to-equity ratio of 7.49.
Sealed Air Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, March 7th. Sealed Air’s dividend payout ratio (DPR) is presently 32.13%.
Analyst Ratings Changes
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Sealed Air Company Profile
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.
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