William Blair Comments on Sealed Air Co.’s FY2022 Earnings (NYSE:SEE)

Sealed Air Co. (NYSE:SEE – Get Rating) – Investment analysts at William Blair raised their FY2022 EPS estimates for shares of Sealed Air in a research report issued to clients and investors on Tuesday, May 3rd. William Blair analyst L. De. Maria now forecasts that the industrial products company will earn $4.20 per share for the year, up from their prior forecast of $4.10.

Sealed Air (NYSE:SEE – Get Rating) last released its earnings results on Tuesday, May 3rd. The industrial products company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.19. Sealed Air had a return on equity of 355.49% and a net margin of 9.60%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis.

Several other equities research analysts have also recently commented on SEE. Citigroup lowered their price target on Sealed Air from $81.00 to $80.00 in a research note on Friday, April 8th. Mizuho boosted their price target on Sealed Air from $68.00 to $72.00 in a research note on Friday, February 18th. Wells Fargo & Company boosted their price target on Sealed Air from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 22nd. Morgan Stanley raised Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $61.00 to $79.00 in a research note on Thursday, January 20th. Finally, JPMorgan Chase & Co. cut Sealed Air from an “overweight” rating to a “neutral” rating and set a $71.00 price target for the company. in a research note on Friday, February 25th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $71.92.

NYSE:SEE opened at $64.80 on Friday. The stock has a market cap of $9.60 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. The stock’s 50-day moving average is $66.70 and its two-hundred day moving average is $65.49. Sealed Air has a fifty-two week low of $53.87 and a fifty-two week high of $70.72. The company has a debt-to-equity ratio of 19.38, a current ratio of 1.31 and a quick ratio of 0.67.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Sealed Air by 13.0% during the fourth quarter. BlackRock Inc. now owns 18,393,878 shares of the industrial products company’s stock worth $1,241,033,000 after acquiring an additional 2,114,602 shares in the last quarter. Norges Bank acquired a new position in Sealed Air during the fourth quarter worth $102,856,000. Nuveen Asset Management LLC raised its stake in Sealed Air by 230.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,609,512 shares of the industrial products company’s stock worth $108,594,000 after acquiring an additional 1,122,961 shares in the last quarter. Kensico Capital Management Corp raised its stake in Sealed Air by 33.8% during the fourth quarter. Kensico Capital Management Corp now owns 4,193,157 shares of the industrial products company’s stock worth $282,912,000 after acquiring an additional 1,058,900 shares in the last quarter. Finally, Morgan Stanley raised its stake in Sealed Air by 267.3% during the second quarter. Morgan Stanley now owns 896,378 shares of the industrial products company’s stock worth $53,110,000 after acquiring an additional 652,353 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were paid a $0.20 dividend. The ex-dividend date was Thursday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. Sealed Air’s payout ratio is 22.10%.

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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