Brokers Issue Forecasts for Sealed Air Co.’s FY2023 Earnings (NYSE:SEE)

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

A number of other research analysts also recently commented on the stock. Morgan Stanley dropped their price objective on shares of Sealed Air from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, October 18th. StockNews.com downgraded shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Citigroup downgraded shares of Sealed Air from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Wednesday, January 4th. Mizuho increased their target price on shares of Sealed Air from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Thursday, January 12th. Finally, Wells Fargo & Company increased their target price on shares of 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $59.00.

Sealed Air Trading Up 0.9 %

NYSE SEE opened at $53.87 on Friday. Sealed Air has a 12 month low of $41.24 and a 12 month high of $70.72. The company has a 50-day moving average of $51.74 and a 200-day moving average of $51.89. The company has a debt-to-equity ratio of 14.83, a current ratio of 1.08 and a quick ratio of 0.57. The company has a market cap of $7.79 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.51 and a beta of 1.20.

Sealed Air (NYSE:SEEGet Rating) last released its earnings results on Tuesday, November 1st. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.47 billion. Sealed Air had a net margin of 10.02% and a return on equity of 292.98%.

Insider Activity

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

Institutional Investors Weigh In On Sealed Air

Institutional investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group boosted its stake in Sealed Air by 4.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 3,870 shares of the industrial products company’s stock valued at $223,000 after buying an additional 181 shares in the last quarter. Glenview Trust Co boosted its stake in shares of Sealed Air by 3.5% during the 2nd quarter. Glenview Trust Co now owns 5,499 shares of the industrial products company’s stock worth $317,000 after acquiring an additional 184 shares during the period. First Hawaiian Bank raised its holdings in Sealed Air by 2.5% in the 2nd quarter. First Hawaiian Bank now owns 8,103 shares of the industrial products company’s stock valued at $468,000 after acquiring an additional 199 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Sealed Air by 4.3% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,204 shares of the industrial products company’s stock worth $232,000 after buying an additional 213 shares in the last quarter. Finally, CWM LLC grew its position in Sealed Air by 17.5% during the 3rd quarter. CWM LLC now owns 1,464 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 218 shares during the last quarter. 89.63% of the stock is currently owned by institutional investors and hedge funds.

About Sealed Air

(Get Rating)

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.

Read More

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

Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.com's FREE daily email newsletter.