Sealed Air (NYSE:SEE) Releases Earnings Results, Beats Expectations By $0.19 EPS

Sealed Air (NYSE:SEE) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19, Zacks reports. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. Sealed Air updated its FY 2025 guidance to 3.250-3.350 EPS.

Sealed Air Price Performance

NYSE SEE traded up $0.17 on Wednesday, reaching $35.94. 530,912 shares of the company’s stock traded hands, compared to its average volume of 1,567,369. The stock has a market cap of $5.29 billion, a PE ratio of 18.15, a P/E/G ratio of 2.40 and a beta of 1.38. Sealed Air has a 12 month low of $22.78 and a 12 month high of $38.85. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71. The stock has a 50-day simple moving average of $34.04 and a 200 day simple moving average of $31.97.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, December 5th. Sealed Air’s dividend payout ratio (DPR) is presently 40.40%.

Wall Street Analysts Forecast Growth

SEE has been the topic of several research analyst reports. Citigroup upped their price objective on shares of Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Wells Fargo & Company upped their price objective on shares of Sealed Air from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Sealed Air in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upgraded shares of Sealed Air from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $33.00 to $36.00 in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.36.

Institutional Trading of Sealed Air

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Sealed Air by 13.7% during the second quarter. Bank of America Corp DE now owns 4,220,533 shares of the industrial products company’s stock valued at $130,963,000 after purchasing an additional 507,067 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Sealed Air by 8.0% during the second quarter. Public Sector Pension Investment Board now owns 560,997 shares of the industrial products company’s stock valued at $17,408,000 after purchasing an additional 41,658 shares during the period. Sei Investments Co. boosted its stake in shares of Sealed Air by 40.0% during the second quarter. Sei Investments Co. now owns 458,500 shares of the industrial products company’s stock valued at $14,227,000 after purchasing an additional 130,902 shares during the period. AQR Capital Management LLC boosted its stake in shares of Sealed Air by 58.7% during the second quarter. AQR Capital Management LLC now owns 360,371 shares of the industrial products company’s stock valued at $11,182,000 after purchasing an additional 133,305 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Sealed Air by 3.1% during the second quarter. California Public Employees Retirement System now owns 290,083 shares of the industrial products company’s stock valued at $9,001,000 after purchasing an additional 8,854 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

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.