SEE Reports Q1 2021 Results
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JPMorgan Upgrades Sealed Air (SEE) to Overweight
May 5, 2021 5:55 AM EDTJPMorgan analyst Jeffrey Zekauskas upgraded Sealed Air (NYSE: SEE) from Neutral to Overweight with a price target of $63.00 (from $45.00).
The analyst comments "SEE experienced headwinds to its earnings in 2020 as COVID-19 weighed on demand for its products, mainly within Protective Care and the food service portion of... More
Sealed Air (SEE) Tops Q1 EPS by 7c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus, Affirms FY21 Revenues Outlook
May 4, 2021 7:03 AM EDTSealed Air (NYSE: SEE) reported Q1 EPS of $0.78, $0.07 better than the analyst estimate of $0.71. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.22 billion.
Our Q1 results reflect strong performance and our focus on automation, digital and sustainability. Net sales increased 8% with strength in eCommerce, food retail and equipment, combined with increasing momentum in industrials. Adjusted EBITDA increased 6% as higher volumes and productivity improvements more than offset global supply chain... More
