Sealed Air Corp rises on Q4 results beat

Sealed Air

27/02/2024 15:14

** Shares of packaging company Sealed Air Corp  SEE.N  rise
4.5% to $37.69, touching highest levels in six months 
    ** Q4 revenue of $1.38 bln beat Wall Street est. of $1.37
bln- LSEG data 
    ** Quarterly adj. EPS of 88 cents was above average analyst
estimate of 64 cents
    ** Co forecasts FY24 revenue between $5.2 bln and $5.6 bln;
compared to market view of $5.5 bln
    ** Co sees FY24 adj. EPS in the range of $2.65 to $3.05; vs
analyst estimate of $3.03
    ** Seven of 14 brokerages rate the stock "buy" or higher,
seven "hold"; their median PT is $42
    ** SEE stock has risen 3.5% YTD; compared to gains of 26.8%
in 2023

 (Reporting by Khushi Singh in Bengaluru)
 ((Khushi.Singh@thomsonreuters.com;))