Sealed Air (SEE) Scheduled to Post Earnings on Thursday

Sealed Air (NYSE:SEE) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Sealed Air to post earnings of $0.54 per share for the quarter. Sealed Air has set its FY24 guidance at $2.65-3.05 EPS and its FY 2024 guidance at 2.650-3.050 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.26. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts expect Sealed Air to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sealed Air Price Performance

Shares of SEE stock opened at $31.72 on Thursday. The company has a debt-to-equity ratio of 8.21, a current ratio of 1.30 and a quick ratio of 0.79. The firm’s 50-day moving average is $34.83 and its two-hundred day moving average is $34.29. Sealed Air has a 12 month low of $28.50 and a 12 month high of $48.44. The company has a market capitalization of $4.62 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 3.44 and a beta of 1.28.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Thursday, March 7th. Sealed Air’s dividend payout ratio (DPR) is presently 33.90%.

Analyst Upgrades and Downgrades

SEE has been the topic of a number of analyst reports. Wells Fargo & Company raised shares of Sealed Air from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $43.00 in a research note on Thursday, January 11th. Wolfe Research initiated coverage on shares of Sealed Air in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Truist Financial raised shares of Sealed Air from a “hold” rating to a “buy” rating and lifted their target price for the stock from $39.00 to $44.00 in a research note on Monday, April 8th. Finally, Mizuho reduced their target price on shares of Sealed Air from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Sealed Air currently has an average rating of “Hold” and an average target price of $44.18.

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.