Equities analysts expect Sealed Air Corp (NYSE:SEE) to post earnings per share of $0.65 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Sealed Air’s earnings, with estimates ranging from $0.63 to $0.67. Sealed Air posted earnings of $0.46 per share during the same quarter last year, which would suggest a positive year over year growth rate of 41.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 14th.
On average, analysts expect that Sealed Air will report full year earnings of $2.51 per share for the current year, with EPS estimates ranging from $2.46 to $2.55. For the next financial year, analysts expect that the company will post earnings of $2.82 per share, with EPS estimates ranging from $2.70 to $2.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Sealed Air.
Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Sealed Air had a return on equity of 859.42% and a net margin of 14.37%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis.
A number of analysts have weighed in on the company. ValuEngine cut Sealed Air from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised Sealed Air from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Friday, June 15th. Barclays decreased their price objective on Sealed Air from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of Sealed Air in a research report on Thursday, August 2nd. Finally, Citigroup decreased their price objective on Sealed Air from $47.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $49.20.
In other Sealed Air news, Director Jerry R. Whitaker bought 1,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average cost of $39.81 per share, with a total value of $39,810.00. Following the purchase, the director now owns 8,021 shares in the company, valued at approximately $319,316.01. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward L. Doheny II acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was purchased at an average cost of $39.65 per share, with a total value of $198,250.00. Following the completion of the purchase, the insider now directly owns 78,145 shares in the company, valued at $3,098,449.25. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 6,600 shares of company stock valued at $262,654. Company insiders own 0.63% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board increased its stake in Sealed Air by 2.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 152,963 shares of the industrial products company’s stock valued at $6,493,000 after purchasing an additional 2,948 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Sealed Air by 11.2% in the 2nd quarter. First Republic Investment Management Inc. now owns 52,646 shares of the industrial products company’s stock valued at $2,236,000 after purchasing an additional 5,300 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Sealed Air by 146.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 30,125 shares of the industrial products company’s stock valued at $1,279,000 after purchasing an additional 17,884 shares in the last quarter. Bank of America Corp DE increased its stake in Sealed Air by 14.2% in the 2nd quarter. Bank of America Corp DE now owns 1,532,074 shares of the industrial products company’s stock valued at $65,037,000 after purchasing an additional 190,557 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Sealed Air by 71.8% in the 1st quarter. LPL Financial LLC now owns 10,508 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 4,391 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.
Sealed Air stock traded down $0.16 during mid-day trading on Friday, reaching $34.78. 2,645,675 shares of the company were exchanged, compared to its average volume of 1,954,970. Sealed Air has a twelve month low of $34.43 and a twelve month high of $49.94. The company has a current ratio of 1.11, a quick ratio of 0.69 and a debt-to-equity ratio of -8.64. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.72 and a beta of 1.10.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, December 6th. Sealed Air’s dividend payout ratio (DPR) is 35.36%.
Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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