Ultime notizie per Sealed Air (NYSE:SEE) Azioni

Sealed Air

Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.

Sealed Air Corp

Origin Agritech Limited - Ordinary Shares

Origin Agritech Ltd

THEDIRECTORY.COM INC by TheDirectory.com, Inc.

TheDirectory.com Inc

SEELOS THERAPEUTICS INC by Seelos Therapeutics, Inc.

Seelos Therapeutics Inc

Seele-N

SEI Select Emerging Markets Equity ETF

SEEING MACHINES LTD by Seeing Machines Ltd.

Seeing Machines Ltd

Seer Inc

News

Guidance

Sealed Air Revises FY24 Net Sales Outlook From $5.2B - $5.6B To $5.375B - $5.425B (Est $5.39B), Adjusted EPS Outlook From $2.65 - $3.05 To $3.00 - $3.10 (Est $2.98)

<p>Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.67 by 17.91 percent. This is a 2.6 percent increase over earnings of $0.77 per share from the same period last year. The company reported quarterly sales of $1.345 billion which beat $1.339B &nbsp;the analyst consensus estimate. This is a 2.68 percent decrease over sales of $1.38 billion the same period last year.</p>


Earnings

Earnings Beats

Sealed Air Q3 2024 Adj EPS $0.79 Beats $0.67 Estimate, Sales $1.345B Beat $1.339B Estimate

<p>Raymond James  analyst Matt Roberts   upgrades Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) from Market Perform to Strong Buy and announces $42 price target.</p>


Upgrades

Price Target

Analyst Ratings

Raymond James Upgrades Sealed Air to Strong Buy, Announces $42 Price Target

<p>RBC Capital  analyst Arun Viswanathan   maintains Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) with a Sector Perform and lowers the price target from $40 to $39.</p>


RBC Capital Maintains Sector Perform on Sealed Air, Lowers Price Target to $39

<p>Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for Sealed Air, presenting an average target of $38.67, a high estimate of $44.00, and a low estimate of $33.00. Highlighting a 8.8% decrease, the current average has fallen from the previous average price target of $42.40. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728997223_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>A clear picture of Sealed Air's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$41.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Stefan Diaz</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$39.00</td>
<td>-</td>
</tr>
<tr>
<td>Jeffrey Zekauskas</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$33.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$44.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Philip Ng</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$35.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$40.00</td>
<td>$43.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Sealed Air. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sealed Air compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of Sealed Air's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Sealed Air's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SEE/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Sealed Air analyst ratings.</strong></a></p>
<h2>Discovering Sealed Air: A Closer Look</h2>
<p>Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.</p>
<h3>Breaking Down Sealed Air's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Sealed Air faced challenges, resulting in a decline of approximately <strong>-2.59%</strong> in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>7.31%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Sealed Air's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>15.75%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>1.36%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of <strong>7.26</strong>, caution is advised due to increased financial risk.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
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<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Forecasting The Future: 6 Analyst Projections For Sealed Air

<p>Truist Securities  analyst Michael Roxland   maintains Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) with a Buy and lowers the price target from $44 to $41.</p>


Truist Securities Maintains Buy on Sealed Air, Lowers Price Target to $41

<p><i>Converting to Sealed Air helps company use more recycled content in packaging materials</i></p>


Sealed Air Introduces Packaging Solutions For Best Buy

<p>Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) in the last three months.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $40.33, a high estimate of $47.00, and a low estimate of $33.00. A decline of 4.3% from the prior average price target is evident in the current average. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725451212_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>A clear picture of Sealed Air's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stefan Diaz</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$39.00</td>
<td>-</td>
</tr>
<tr>
<td>Jeffrey Zekauskas</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$33.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$44.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Philip Ng</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$35.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$40.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$38.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Lars Kjellberg</td>
<td>Stifel</td>
<td>Announces</td>
<td>Buy</td>
<td>$47.00</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$44.00</td>
<td>$44.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Sealed Air. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sealed Air compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Sealed Air's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Sealed Air's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SEE/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Sealed Air analyst ratings.</strong></a></p>
<h2>Discovering Sealed Air: A Closer Look</h2>
<p>Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.</p>
<h3>Unraveling the Financial Story of Sealed Air</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Revenue Challenges:</strong> Sealed Air's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately <strong>-2.59%</strong>. This indicates a decrease in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.</p>
<p><strong>Net Margin:</strong> Sealed Air's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>7.31%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Sealed Air's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>15.75%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>1.36%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Sealed Air's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>7.26</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Breaking Down Sealed Air: 9 Analysts Share Their Views

<p>Morgan Stanley  analyst Stefan Diaz   initiates coverage on Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) with a Equal-Weight rating and announces Price Target of $39.</p>


Initiation

Morgan Stanley Initiates Coverage On Sealed Air with Equal-Weight Rating, Announces Price Target of $39

<p>Shares of <strong>Karat Packaging, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krt#NASDAQ">KRT</a>) have lost 8.5% since the company reported lower-than-expected second-quarter 2024 revenues and earnings per share on Aug 8, 2024. The quarterly adjusted EPS of 49 cents missed the Zacks Consensus Estimate of 60 cents and declined 29% year over year. The downfall was due to unfavorable year-over-year pricing comparison, higher freight costs and an increase in operating expenses in the quarter.&nbsp;</p>
<p>Including one-time items, EPS was 45 cents compared with the year-ago quarter&#39;s 53 cents.</p>
<p>Total revenues increased 3.5% year over year to $112.6 million. The top line missed the Zacks Consensus Estimate of $114 million. The increase primarily reflected higher volumes, a change in product mix and the inclusion of online sales platform fees. This was partially offset by an unfavorable year-over-year pricing comparison.</p>
<div class="chart_embed">
<h3>Karat Packaging Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Karat Packaging Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/c2/1724072873.png" style="height:289px; width:620px" title="" /></h3>
<p>Karat Packaging Inc. price-consensus-eps-surprise-chart | Karat Packaging Inc. Quote</p>
</div>
<h3>Operational Update</h3>
<p>The cost of sales increased 3.5% year over year to $69 million. Gross profit rose 3.7% year over year to $43 million. The gross margin was 38.5%, flat with the year-ago quarter.</p>
<p>The second-quarter gross margin included a net favorable impact of 90 basis points from the inclusion of online platform fees in net sales and production expenses in the cost of goods sold.&nbsp; This was offset by higher ocean freight costs during the quarter.&nbsp;</p>
<p>Operating expenses were $32.3 million compared with $28.5 million in the year-ago quarter. Expenses were higher in the quarter attributed to the inclusion of online sales platform fees, an increase in rent and warehouse expenses, online marketing expenses as well as higher stock compensation expenses. These were partially offset by the inclusion of production expense in cost of goods sold and a decrease in impairment expense and loss on disposal of machinery.</p>
<p>Adjusted EBITDA declined 26% year over year to $15.7 million. The adjusted EBITDA margin was 13.9% compared with 19.4% in the second quarter of 2023.</p>
<h3>Cash Position</h3>
<p>Karat Packaging reported cash and cash equivalents of $19.3 million as of Jun 30, 2024, down from $23 million as of Dec 31, 2023. The company generated $20 million of cash flow from operations in the first half of 2024 compared with $31 million in the prior-year comparable period.</p>
<h3>Guidance For Q3 &amp; 2024</h3>
<p>KRT anticipates the year-over-year growth in sales to be in the mid to high-single-digit range for the third quarter. The gross margin is projected between 38% and 39%. The company reported a gross margin of 36.9% in the third quarter of 2023.</p>
<p>For 2024, sales growth is forecast to be in the mid-single digits from the previous year level. The targeted gross margin for the year is between 38% and 40%.</p>
<h3>Price Performance</h3>
<p>Shares of the company have gained 3.1% year to date compared with the industry&#39;s 9.3% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6c/74608.jpg?v=1099425883" style="height:316px; width:620px" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>Karat Packaging currently carries a Zacks Rank #3 (Hold).</p>
<h3>Performances of Other Packaging Stocks</h3>
<p><strong>Packaging Corporation of America</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pkg#NYSE">PKG</a>) reported an adjusted EPS of $2.20 in the second quarter of 2024, which beat the Zacks Consensus Estimate of $2.12. The reported figure was higher than the company&#39;s guidance of $2.07. However, the bottom line decreased 5% year over year.</p>
<p>Sales in the second quarter grew 6.3% year over year to $2.08 billion. The top line beat the Zacks Consensus Estimate of $2.03 billion.</p>
<p><strong>Sealed Air Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/see#NYSE">SEE</a>) reported second-quarter adjusted EPS of 83 cents, which surpassed the Zacks Consensus Estimate of 64 cents by a margin of 29.7%. The bottom line increased 4% year over year.&nbsp;</p>
<p>Results benefited from the company&#39;s cost take-out to grow program and cost-control initiatives. Improvements in the Food segment&#39;s results helped offset the continued weakness in the Protective segment. This was partially offset by unfavorable price realization.</p>
<p>Total revenues were $1.35 billion, which beat the Zacks Consensus Estimate of $1.31 billion. The figure was down 2.6% from $1.38 billion in the second quarter of 2023.</p>
<p><strong>Graphic Packaging</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gpk#NYSE">GPK</a>) reported quarterly earnings of 60 cents per share, which beat the Zacks Consensus Estimate of 56 cents. The figure declined from earnings of 66 cents per share in the year-ago quarter.</p>
<p>GPK&#39;s revenues were $2.24 billion, which missed the consensus estimate of $2.29 billion. Revenues were down 6.5% from the year-ago quarter&#39;s $2.39 billion.</p>
<p><a href="https://www.zacks.com/stock/news/2323907/karat-packaging-krt-stock-dips-on-q2-earnings-revenue-miss?cid=CS-BENZ-FT-analyst_blog|earnings_article-2323907">To read this article on Zacks.com click here.</a></p>


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Karat Packaging Stock Dips on Q2 Earnings & Revenue Miss

<p>JP Morgan  analyst Jeffrey Zekauskas   maintains Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) with a Neutral and lowers the price target from $35 to $33.</p>


JP Morgan Maintains Neutral on Sealed Air, Lowers Price Target to $33

<p>Wells Fargo  analyst Gabe Hajde   maintains Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) with a Overweight and raises the price target from $43 to $44.</p>


Wells Fargo Maintains Overweight on Sealed Air, Raises Price Target to $44

<p>In the preceding three months, 7 analysts have released ratings for Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $42.43, a high estimate of $50.00, and a low estimate of $35.00. This current average reflects an increase of 0.62% from the previous average price target of $42.17. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723215640_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Sealed Air. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Philip Ng</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$35.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$40.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$38.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Lars Kjellberg</td>
<td>Stifel</td>
<td>Announces</td>
<td>Buy</td>
<td>$47.00</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$44.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>John Roberts</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$50.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Sealed Air. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sealed Air compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Sealed Air's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Sealed Air's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SEE/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Sealed Air analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Sealed Air</h2>
<p>Sealed Air is organized via two reporting segments. Food care includes food packaging products like Cryovac, Darfresh, and OptiDure aimed primarily at meats. Product care includes Sealed Air's Bubble Wrap, Instapak, Jiffy mailers, and shrink film packaging systems that cater to industrial and e-commerce applications.</p>
<h3>Sealed Air's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Revenue Growth:</strong> Sealed Air's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately <strong>-1.42%</strong>. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.</p>
<p><strong>Net Margin:</strong> Sealed Air's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>6.17%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Sealed Air's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>14.29%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Sealed Air's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>1.14%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> With a high debt-to-equity ratio of <strong>7.94</strong>, Sealed Air faces challenges in effectively managing its debt levels, indicating potential financial strain.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Key Takeaways From Sealed Air Analyst Ratings

WIIM

Sealed Air shares are trading lower on possible continued weakness after the company issued Q3 guidance and FY24 net sales guidance below estimates on Thursday. Also, Jefferies downgraded the stock from Buy to Hold and lowered its price target from $47 to $35.

<p>Jefferies  analyst Philip Ng   downgrades Sealed Air (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) from Buy to Hold and lowers the price target from $47 to $35.</p>


Downgrades

Jefferies Downgrades Sealed Air to Hold, Lowers Price Target to $35

<p><strong>Sealed Air Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) shares are trading higher after the company <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">reported second quarter results.</a></p>
<p>The company reported adjusted earnings per share of 83 cents, beating <a href="https://www.benzinga.com/pressreleases/24/08/n40247196/sealed-air-reports-q2-2024-results" target="_blank" rel="noreferrer noopener">the street view of 64 cents</a>. The company reported quarterly revenues of $1.345 billion, beating <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">the analyst consensus of $1.307 billion</a>.</p>
<p>Revenues decreased 3% as reported, with EMEA decreasing 5%, APAC decreasing 3% and the Americas decreasing 2%.</p>
<p>Net sales decreased&nbsp;$24 million, or 2%, on a constant dollar basis.</p>
<p>The current year results were impacted by&nbsp;$27 million&nbsp;of Special Items expense, including&nbsp;$9 million&nbsp;of restructuring and other associated costs related to the cost take-out to grow program.</p>
<p><strong>Also Read<a target="_blank" href="https://www.benzinga.com/markets/asia/24/08/40247022/asia-mixed-europe-markets-dip-crude-falls-below-75-and-dollar-slips-global-markets-today-while-us-sl" rel="noreferrer noopener">: Asia Mixed, Europe Markets Dip; Crude Falls Below $75 And Dollar Slips – Global Markets Today While US Slept</a></strong></p>
<p>Adjusted EBITDA was&nbsp;$285 million, or 21.2% of net sales, as compared to&nbsp;$280 million, or 20.3% in the prior year.</p>
<p>The increase in Adjusted EBITDA was primarily due to lower operating costs driven by productivity benefits and higher volumes, partially offset by unfavorable net price realization.</p>
<p>&#8220;Our second quarter results were ahead of our expectations, reflecting strong sequential demand within our Food business, accelerated benefits from our CTO2Grow program that more than offset the continued pressure within our Protective business,&#8221; said&nbsp;Patrick Kivits, Sealed Air&#8217;s CEO.&nbsp;</p>
<p>Total&nbsp;debt was&nbsp;$4.6 billion&nbsp;as of June&nbsp;30, with approximately&nbsp;$1.4 billion&nbsp;of available liquidity.</p>
<p><strong>Outlook:</strong> The company sees FY24 revenues of $5.2 billion to $5.6 billion versus the $5.4 billion estimate (<a target="_blank" href="https://www.sealedair.com/company/media-center/press-releases/see-financial-results-q1-2024" rel="noreferrer noopener">prior view</a>: $5.2 billion to $5.6 billion). It expects an adjusted EPS of $2.65 to $3.05<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> versus an estimate of $2.88.</a></p>
<p><strong>SEE Price Action</strong>: Sealed Air shares are trading higher by 6.11% to $36.49 at last check Thursday.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/equities/24/08/40178601/global-market-crash-sparks-reflection-on-jeff-bezos-2000-dotcom-comments-after-amazons-80-plunge?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Global Market Crash Sparks Reflection On Jeff Bezos&#8217; 2000 Dotcom Comments After Amazon&#8217;s 80% Plunge: ‘We&#8217;re A Company That Wants To Be Weighed, And Over Time We Will Be&#8217;</a></strong></li>
</ul>
<p><em>Photo: <a href="https://pixabay.com/users/stux-12364/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=1986602">Stefan Schweihofer</a> from <a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=1986602">Pixabay</a></em></p>


Equities

General

Sealed Air Shines In Q2 On Strength In Food Business, Shares Move Higher

<p>U.S. stocks were higher, with the Dow Jones index gaining over 1% on Thursday.</p>
<p>Shares of<strong> Parker-Hannifin Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) rose sharply during Thursday's session following better-than-expected fourth-quarter financial results and <a href="https://www.benzinga.com/quote/PH">upbeat FY25 guidance.</a></p>
<p>Parker Hannifin reported fourth-quarter sales growth of 2% year over year to $5.186 billion and +3% organic growth, beating the consensus of $5.082 billion.</p>
<p>Parker-Hannifin shares jumped 9.8% to $562.79 on Thursday.</p>
<p>Here are some other big stocks recording gains in today's session.</p>
<ul>
<li><strong>Viasat, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) gained 42.2% to $25.27 after the company reported better-than-expected first-quarter financial results.</li>
<li><strong>XPEL, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPEL#NASDAQ">XPEL</a>) gained 35% to $42.65 after the company reported better-than-expected second-quarter financial results.</li>
<li><strong>AxoGen, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXGN#NASDAQ">AXGN</a>) shares surged 33.5% to $10.57 after the company reported better-than-expected second-quarter results.</li>
<li>C<strong>ommScope Holding Company, Inc</strong>.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) climbed 30% to $2.7600 after the company reported better-than-expected second-quarter financial results.</li>
<li><strong>DocGo Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCGO#NASDAQ">DCGO</a>) rose 27.1% to $3.80 after the company reported better-than-expected quarterly sales.</li>
<li><strong>Klaviyo, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVYO#NYSE">KVYO</a>) gained 25.2% to $28.91 after the company reported better-than-expected second-quarter financial results. Also, the company issued FY24 and Q3 revenue guidance above estimates.</li>
<li><strong>Leslie&#8217;s, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) rose 23.3% to $3.4050 following upbeat quarterly earnings.</li>
<li>F<strong>orward Air Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) gained 19.6% to $26.90 following second-quarter results.</li>
<li><strong>Clean Energy Fuels Corp</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNE#NASDAQ">CLNE</a>) gained 19.2% to $2.8850 following quarterly earnings.</li>
<li><strong>ICU Medical, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICUI#NASDAQ">ICUI</a>) jumped 18.1% to $143.88 following strong quarterly results.</li>
<li><strong>Under Armour, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) gained 17.2% to $7.35 following first-quarter earnings.</li>
<li><strong>SharkNinja, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>) rose 16% to $84.65 after the company reported better-than-expected quarterly financial results.</li>
<li><strong>Zillow Group, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) gained 15.5% to $46.61 after the company reported better-than-expected quarterly financial results.</li>
<li><strong>Nova Ltd</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVMI#NASDAQ">NVMI</a>) jumped 15% to $208.24 after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.</li>
<li><strong>YETI Holdings, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YETI#NYSE">YETI</a>) gained 13.1% to $41.90 after the company reported better-than-expected second-quarter financial results and raised its FY24 adjusted EPS guidance above estimates.</li>
<li><strong>Boot Barn Holdings, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) rose 11.4% to $128.93 after the company reported better-than-expected first-quarter financial results.</li>
<li><strong>Sealed Air Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) gained 10.6% to $38.04 following quarterly results.</li>
<li><strong>Eli Lilly and Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose 9.1% to $842.14 after the company reported better-than-expected second-quarter financial results and raised its full-year guidance.</li>
<li><strong>ON Semiconductor Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) gained 5% to $69.63.</li>
</ul>
<p><strong>Now Read This: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40253347/top-3-utilities-stocks-that-could-lead-to-your-biggest-gains-this-month">Top 3 Utilities Stocks That Could Lead To Your Biggest Gains This Month</a></strong></li>
</ul>


Intraday Update

Movers

AXGN

BOOT

CLNE

COMM

DCGO

FWRD

ICUI

KVYO

LESL

NVMI

VSAT

XPEL

YETI

Parker-Hannifin Posts Upbeat Earnings, Joins Under Armour, Zillow Group, YETI Holdings, Eli Lilly And Other Big Stocks Moving Higher On Thursday

Sealed Air shares are trading higher. The company reported Q2 financial results.

Sealed Air Sees Q3 2024 Net Sales Of $1.33B Vs $1.361B Est., Adj. EBITDA Of $265M, Adj. EPS Of $0.67 Vs $0.72 Est.; FY Net Sales Of $5.2B-$5.6B Vs $5.99B, Adj. EBITDA Of $1.05B-$1.15B, Adj. EPS Of $2.65-$3.05, FCF Of $325M-$425M

<p><strong>AptarGroup, Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atr#NYSE">ATR</a>) reported second-quarter 2024 adjusted earnings per share of $1.37, beating the Zacks Consensus Estimate of $1.36. The bottom line increased 12% year over year from $1.22 (including comparable exchange rates).</p>
<p>On a reported basis, earnings per share were $1.34 compared with the year-ago quarter&#39;s $1.24.</p>
<p>Total revenues increased 1.6% year over year to $910 million in the reported quarter. The reported figure missed the Zacks Consensus Estimate of $923 million. Core sales, excluding currency and acquisition effects, improved 3% year over year. The upside was driven by the solid performance in the Pharma segment. We expected core sales to be up 2.6% in the quarter.</p>
<div class="chart_embed">
<h3>AptarGroup, Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="AptarGroup, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/a2/1722004605.png" style="height:281px; width:620px" title="" /></h3>
<p>AptarGroup, Inc. price-consensus-eps-surprise-chart | AptarGroup, Inc. Quote</p>
</div>
<h3>Operational Update</h3>
<p>Cost of sales fell 1.1% year over year to $567 million. Gross profit improved 6.3% year over year to $343 million. The gross margin expanded to 37.6% in the reported quarter compared with the prior-year quarter&#39;s 36%.</p>
<p>Selling, research, development and administrative expenses increased 5.76% year over year to $149 million. Adjusted operating income increased 7.54% year over year to $128 million. The adjusted operating margin was 14% in the reported quarter, up from the year-ago quarter&#39;s 13.3%. Adjusted EBITDA rose 6.5% year over year to $193 million in the second quarter.</p>
<h3>Segmental Performances</h3>
<p>Total revenues in the Pharma segment increased 6.1% year over year to $415 million. The reported figure surpassed our estimate of $410 million. Adjusted operating income in the quarter rose 13.5% year over year to $112 million. We predicted a quarterly adjusted operating income of $108 million.</p>
<p>Total revenues in the Beauty segment decreased 2.5% year over year to $321 322 million. Our estimate for the segment&#39;s revenues was $335 million. Operating income improved 8.62% year over year to $24 million in the second quarter. The reported figure surpassed our estimate of operating income of $23 million.</p>
<p>Total revenues in the Closures segment decreased 0.9% year over year to $174 million. We estimated revenues to be $180 million in the quarter. Operating income was $13 million in second-quarter 2023, reflecting a fall of 12.3% from the year-ago quarter. Our prediction for the quarter was $15 million.</p>
<h3>Financial Performance</h3>
<p>ATR reported cash and cash equivalents of $221 million as of Jun 30, 2024, down from $224 million as of Dec 31, 2023. The company generated $144 million of cash flow from operations in the second quarter of 2023 2024 compared with $84 million in the prior-year quarter.</p>
<h3>Outlook</h3>
<p>AptarGroup estimates third-quarter 2024 adjusted earnings per share of $1.38-$1.46.</p>
<h3>Price Performance</h3>
<p>ATR shares have gained 19.5% in the past year compared with the industry&#39;s growth of 9.4%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/00/72601.jpg?v=1979531236" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>AptarGroup currently has a Zacks Rank #3 (Hold).</p>
<h3>Peer Q2 Performance</h3>
<p><strong>Greif, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gef#NYSE">GEF</a>) reported adjusted earnings per share of 82 cents in second-quarter fiscal 2024 (ended Apr 30, 2024), which surpassed the Zacks Consensus Estimate of 77 cents. The bottom line fell 54% year over year. Results were impacted by elevated raw material, transportation and manufacturing costs, and higher SG&amp;A expenses, reflecting increased compensation expenses and costs incurred for strategic investments.</p>
<p>Sales rose 4.1% year over year to $1.37 billion. The top line surpassed the Zacks Consensus Estimate of $1.31 billion.</p>
<p><strong>Packaging Corporation of America</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pkg#NYSE">PKG</a>) reported adjusted earnings per share of $2.20 in the second quarter of 2024, beating the Zacks Consensus Estimate of $2.12. The reported figure was higher than the company&#39;s guidance of $2.07 in the quarter under review. However, the bottom line decreased 5% year over year.</p>
<p>Sales in the second quarter grew 6.3% year over year to $2.08 billion. The top line beat the Zacks Consensus Estimate of $2.03 billion.</p>
<h3>Packaging Stock Awaiting Results</h3>
<p><strong>Sealed Air Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/see#NYSE">SEE</a>), scheduled to release second-quarter 2024 results on Aug 8, has a trailing four-quarter average surprise of 32.3%. The Zacks Consensus Estimate for SEE&#39;s second-quarter 2024 earnings is pegged at 64 cents per share, suggesting a year-over-year fall of 20%.</p>
<p>The Zacks Consensus Estimate for the company&#39;s top line is pegged at $1.31 billion, indicating a decrease of 5.3% from the prior-year reported figure.</p>
<p><a href="https://www.zacks.com/stock/news/2310321/aptargroup-atr-earnings-beat-estimates-in-q2-increase-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2310321">To read this article on Zacks.com click here.</a></p>


AptarGroup Earnings Beat Estimates in Q2, Increase Y/Y

Sealed Air Non-GAAP EPS of $0.79 beats by $0.12, revenue of $1.35B beats by $10M

Sealed Air Corporation 2024 Q3 - Results - Earnings Call Presentation

Sealed Air Corporation (SEE) Q3 2024 Earnings Call Transcript

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Sealed Air's Mixed Q3 Results Amid Strategic Reforms

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Sealed Air: Strategic Restructuring and Strong Momentum Drive Buy Rating

Analyst Lars Kjellberg of Stifel Nicolaus maintained a Buy rating on Sealed Air (SEE – Research Report), retaining the price target of $48.80. Lars...

Sealed Air's Strong Q3 Performance and Strategic Initiatives Justify Buy Rating

Stefan Diaz, an analyst from Morgan Stanley, maintained the Hold rating on Sealed Air (SEE – Research Report). The associated price target remains ...

Sealed Air's Mixed Performance and Strategic Initiatives Justify Hold Rating

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Yeti Holdings (YETI – Research Report), Sea...

Analysts Offer Insights on Consumer Cyclical Companies: Yeti Holdings (YETI), Sealed Air (SEE) and Breville Group Limited (OtherBVILF)

Truist Financial analyst Michael Roxland assigned a Buy rating to the stock today. The company's shares closed yesterday at $35.68. Roxland covers ...

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