FY2023 EPS Estimates for Sealed Air Co. (NYSE:SEE) Cut by Analyst

Sealed Air Co. (NYSE:SEE – Get Rating) – Equities researchers at William Blair dropped their FY2023 earnings per share (EPS) estimates for Sealed Air in a research report issued to clients and investors on Tuesday, January 17th. William Blair analyst L. De. Maria now anticipates that the industrial products company will post earnings of $4.15 per share for the year, down from their prior forecast of $4.40. The consensus estimate for Sealed Air’s current full-year earnings is $4.11 per share.

Sealed Air (NYSE:SEE – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.47 billion. Sealed Air had a return on equity of 292.98% and a net margin of 10.02%.

A number of other research analysts have also recently commented on SEE. Citigroup cut Sealed Air from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Wednesday, January 4th. Royal Bank of Canada lowered their price objective on Sealed Air from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday, November 2nd. StockNews.com lowered Sealed Air from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. Mizuho increased their price objective on Sealed Air from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, January 12th. Finally, Wells Fargo & Company upped their target price on Sealed Air from $43.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, January 9th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $59.00.

Sealed Air Price Performance

Shares of Sealed Air stock opened at $53.87 on Friday. Sealed Air has a twelve month low of $41.24 and a twelve month high of $70.72. The stock has a market capitalization of $7.79 billion, a P/E ratio of 13.85, a PEG ratio of 2.51 and a beta of 1.20. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 14.83. The business’s fifty day moving average price is $51.74 and its 200 day moving average price is $51.89.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CX Institutional bought a new position in Sealed Air during the 2nd quarter worth $39,000. Premier Fund Managers Ltd boosted its holdings in shares of Sealed Air by 6.8% in the 2nd quarter. Premier Fund Managers Ltd now owns 31,300 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 2,000 shares in the last quarter. Ronald Blue Trust Inc. acquired a new stake in shares of Sealed Air in the 2nd quarter valued at $42,000. Atticus Wealth Management LLC boosted its holdings in shares of Sealed Air by 6,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 756 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 744 shares in the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new stake in shares of Sealed Air in the 3rd quarter valued at $45,000. 89.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sealed Air

In other Sealed Air news, SVP Sergio A. Pupkin acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average cost of $44.33 per share, for a total transaction of $44,330.00. Following the completion of the purchase, the senior vice president now owns 46,748 shares of the company’s stock, valued at approximately $2,072,338.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Sealed Air news, SVP Sergio A. Pupkin acquired 1,000 shares of Sealed Air stock in a transaction on Wednesday, November 2nd. The shares were bought at an average price of $44.33 per share, with a total value of $44,330.00. Following the completion of the purchase, the senior vice president now owns 46,748 shares in the company, valued at $2,072,338.84. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Zubaid Ahmad bought 1,200 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were purchased at an average price of $42.12 per share, with a total value of $50,544.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at $50,544. The disclosure for this purchase can be found here. 0.44% of the stock is currently owned by corporate insiders.

Sealed Air Company Profile

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Sealed Air Corp. engages in the provision of food safety and security, facility hygiene, and product protection services. It operates through the Food segment and Protective segments. The Food segment services perishable food processors in fresh red meat, smoked and processed meat, poultry, seafood, plant-based, and dairy markets.