Research analysts at Zacks Research have lowered their earnings per share (EPS) estimates for Sealed Air Corporation (NYSE: SEE) for the first quarter of 2026. In a report released on November 18, 2023, Zacks now projects that the industrial products company will earn $0.74 per share, a decrease from their previous estimate of $0.77. The consensus estimate for Sealed Air’s full-year earnings stands at $3.05 per share.
Sealed Air recently reported its quarterly earnings on November 4, 2023, announcing an EPS of $0.87, which surpassed the consensus estimate of $0.68 by $0.19. The company generated revenue of $1.35 billion, exceeding analyst projections of $1.31 billion. Sealed Air’s net margin was recorded at 5.46%, with a return on equity of 60.61%. For fiscal year 2025, the company has set its guidance at $3.250 to $3.350 EPS.
Market Performance and Investment Activity
On November 18, 2023, Sealed Air’s stock opened at $42.25. The company’s fifty-day moving average price is $35.55, while its two-hundred-day moving average price is $32.86. Sealed Air currently holds a market capitalization of $6.22 billion, with a price-to-earnings (P/E) ratio of 21.34 and a PEG ratio of 2.40. The stock has a beta of 1.38, indicating its volatility compared to the market. The company also reports a debt-to-equity ratio of 4.18, a quick ratio of 0.71, and a current ratio of 1.19. Over the past year, Sealed Air’s stock has fluctuated between a low of $22.78 and a high of $44.27.
Recent changes in institutional investment have also been notable. Atlantic Union Bankshares Corp acquired a new stake in Sealed Air valued at approximately $25,000 during the second quarter. Similarly, Strategic Investment Solutions Inc. IL purchased shares worth about $26,000 in the first quarter. Northwestern Mutual Wealth Management Co. significantly increased its position by 383.8% in the second quarter, now owning 837 shares. Other notable investments include a new stake from Johnson Financial Group Inc. valued at $27,000 and a 334.4% increase in holdings by Parkside Financial Bank & Trust.
Dividend Announcement and Company Overview
Sealed Air has announced a quarterly dividend of $0.20, set to be paid on December 19, 2023. Shareholders of record on December 5, 2023 will receive this dividend. The ex-dividend date is also December 5, 2023, which marks the date after which new buyers of the stock will not be entitled to the upcoming dividend. This reflects an annualized dividend of $0.80 and a yield of 1.9%, with a payout ratio of 25.97%.
Sealed Air Corporation specializes in packaging solutions across various regions, including the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. The company operates through two main segments: Food and Protective. The Food segment supplies integrated packaging materials and automation equipment, aimed at enhancing food safety, extending shelf life, reducing waste, and optimizing processes for various markets, including fresh red meat, processed meats, poultry, seafood, and plant-based products.
In summary, while Zacks Research has adjusted its earnings forecast for Sealed Air, the company continues to show strong performance in its recent quarterly results and maintains a significant presence in the packaging industry.
