Sealed Air (NYSE:SEE – Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25, Briefing.com reports. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Sealed Air had a net margin of 6.22% and a return on equity of 107.48%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. Sealed Air updated its Q2 guidance to $0.60-0.70 EPS and its FY24 guidance to $2.65-3.05 EPS.
Sealed Air Trading Up 0.7 %
Shares of NYSE SEE traded up $0.24 during midday trading on Friday, reaching $35.17. 2,460,783 shares of the stock were exchanged, compared to its average volume of 1,630,793. The stock has a market capitalization of $5.12 billion, a P/E ratio of 14.90, a PEG ratio of 3.52 and a beta of 1.31. The company has a debt-to-equity ratio of 8.21, a quick ratio of 0.79 and a current ratio of 1.30. The company has a 50 day simple moving average of $34.37 and a 200 day simple moving average of $34.34. Sealed Air has a twelve month low of $28.50 and a twelve month high of $47.12.
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 2.27%. The ex-dividend date of this dividend was Thursday, March 7th. Sealed Air’s dividend payout ratio (DPR) is presently 33.90%.
Analyst Upgrades and Downgrades
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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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