Sealed Air (NYSE:SEE – Get Free Report) released its earnings results on Thursday. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25, Briefing.com reports. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. Sealed Air updated its Q2 guidance to $0.60-0.70 EPS and its FY24 guidance to $2.65-3.05 EPS.
Sealed Air Stock Performance
NYSE SEE opened at $35.17 on Friday. The company’s 50 day simple moving average is $34.34 and its two-hundred day simple moving average is $34.37. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.79. Sealed Air has a 1 year low of $28.50 and a 1 year high of $47.12. The stock has a market capitalization of $5.12 billion, a PE ratio of 14.12, a P/E/G ratio of 3.86 and a beta of 1.31.
Sealed Air Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Thursday, March 7th. Sealed Air’s dividend payout ratio (DPR) is presently 32.13%.
Analyst Ratings Changes
Check Out Our Latest Analysis on SEE
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.
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