Sealed Air (NYSE:SEE) Issues FY22 Earnings Guidance

Sealed Air (NYSE:SEEGet Rating) issued an update on its FY22 earnings guidance on Tuesday morning. The company provided EPS guidance of $4.05-4.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.10. The company issued revenue guidance of $5.85-6.05 billion, compared to the consensus revenue estimate of $5.90 billion.

Shares of Sealed Air stock opened at $64.35 on Tuesday. The company has a debt-to-equity ratio of 12.95, a current ratio of 1.03 and a quick ratio of 0.67. The business’s 50 day moving average is $66.81. The firm has a market cap of $9.53 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.48 and a beta of 1.18. Sealed Air has a twelve month low of $49.75 and a twelve month high of $70.72.

Sealed Air (NYSE:SEEGet Rating) last announced its quarterly earnings results on Thursday, February 17th. The industrial products company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.49 billion. Sealed Air had a return on equity of 378.45% and a net margin of 9.16%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. As a group, research analysts forecast that Sealed Air will post 4.1 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, March 10th. Sealed Air’s payout ratio is 24.02%.

SEE has been the topic of a number of research reports. Wells Fargo & Company increased their price target on Sealed Air from $65.00 to $70.00 and gave the stock an equal weight rating in a research report on Tuesday, February 22nd. StockNews.com started coverage on Sealed Air in a report on Thursday, March 31st. They issued a buy rating for the company. JPMorgan Chase & Co. lowered Sealed Air from an overweight rating to a neutral rating and set a $71.00 price objective for the company. in a report on Friday, February 25th. Mizuho increased their price objective on Sealed Air from $68.00 to $72.00 in a report on Friday, February 18th. Finally, Citigroup decreased their price objective on Sealed Air from $81.00 to $80.00 in a report on Friday, April 8th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $71.23.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in shares of Sealed Air during the 4th quarter worth $97,000. William Blair Investment Management LLC bought a new stake in shares of Sealed Air during the 4th quarter worth $207,000. CIBC World Markets Inc. bought a new stake in shares of Sealed Air during the 4th quarter worth $228,000. Toroso Investments LLC bought a new stake in shares of Sealed Air during the 4th quarter worth $268,000. Finally, Horizon Investments LLC boosted its stake in shares of Sealed Air by 37.5% during the 4th quarter. Horizon Investments LLC now owns 6,760 shares of the industrial products company’s stock worth $456,000 after acquiring an additional 1,844 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Sealed Air Company Profile (Get Rating)

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 through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and 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, and dairy markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, Simple Steps, and Optidure brands.

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

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