Sealed Air Co. (NYSE:SEE) Declares Quarterly Dividend of $0.20

Sealed Air Co. (NYSE:SEE) announced a quarterly dividend on Tuesday, July 23rd, RTT News reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.20 per share by the industrial products company on Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 2.23%.

Sealed Air has raised its dividend payment by an average of 7.7% annually over the last three years. Sealed Air has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sealed Air to earn $3.18 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.2%.

Sealed Air Trading Down 0.4 %

SEE stock traded down $0.14 during trading on Tuesday, reaching $35.92. 853,792 shares of the stock traded hands, compared to its average volume of 1,504,935. The business’s 50 day moving average price is $36.82 and its 200-day moving average price is $35.72. Sealed Air has a 52-week low of $28.50 and a 52-week high of $47.12. The company has a debt-to-equity ratio of 7.49, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a market capitalization of $5.23 billion, a PE ratio of 14.49, a P/E/G ratio of 4.31 and a beta of 1.35.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.25. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Sealed Air will post 2.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SEE shares. William Blair reaffirmed a “market perform” rating on shares of Sealed Air in a research report on Thursday, May 2nd. Mizuho raised Sealed Air from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $50.00 in a research report on Thursday, June 6th. UBS Group decreased their target price on Sealed Air from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, July 17th. Royal Bank of Canada downgraded Sealed Air from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $43.00 to $40.00 in a research report on Friday. Finally, Stifel Nicolaus started coverage on Sealed Air in a research report on Tuesday, July 9th. They issued a “buy” rating and a $47.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.33.

About Sealed Air

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.