Sealed Air (NYSE:SEE) issued its quarterly earnings results on Monday. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.08, MarketWatch Earnings reports. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.22 billion. Sealed Air had a negative return on equity of 453.43% and a net margin of 9.57%. Sealed Air’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS.
NYSE:SEE opened at $54.92 on Wednesday. Sealed Air has a one year low of $27.05 and a one year high of $54.97. The stock has a market cap of $8.42 billion, a PE ratio of 18.37, a P/E/G ratio of 1.76 and a beta of 1.22. The company has a debt-to-equity ratio of 151.43, a quick ratio of 0.79 and a current ratio of 1.27. The stock has a 50 day moving average price of $47.00 and a 200 day moving average price of $44.81.
The business also recently declared a quarterly dividend, which was paid on Friday, March 19th. Stockholders of record on Friday, March 5th were given a $0.16 dividend. The ex-dividend date was Thursday, March 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. Sealed Air’s dividend payout ratio (DPR) is presently 22.70%.
About Sealed Air
Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and shelf life extension, automate processes, and optimize total cost for perishable food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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