Equities analysts expect Sealed Air Corp (NYSE:SEE) to report $0.74 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sealed Air’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.72. Sealed Air reported earnings of $0.75 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 1.3%. The firm is expected to issue its next earnings results on Thursday, February 6th.
On average, analysts expect that Sealed Air will report full-year earnings of $2.78 per share for the current year, with EPS estimates ranging from $2.75 to $2.80. For the next fiscal year, analysts anticipate that the company will report earnings of $3.00 per share, with EPS estimates ranging from $2.82 to $3.20. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Sealed Air.
Sealed Air (NYSE:SEE) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Sealed Air had a negative return on equity of 135.60% and a net margin of 7.55%. Sealed Air’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share.
Several equities analysts have weighed in on the company. Citigroup dropped their price target on Sealed Air from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. ValuEngine raised Sealed Air from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 19th. KeyCorp raised Sealed Air from an “underweight” rating to a “sector weight” rating in a research report on Wednesday, November 6th. They noted that the move was a valuation call. Robert W. Baird reissued a “buy” rating and set a $50.00 price target on shares of Sealed Air in a research report on Monday, November 18th. Finally, Wells Fargo & Co dropped their price target on Sealed Air from $43.00 to $40.00 and set a “market perform” rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $42.96.
In other Sealed Air news, CFO James M. Sullivan acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average price of $38.75 per share, for a total transaction of $193,750.00. Following the completion of the acquisition, the chief financial officer now directly owns 17,028 shares of the company’s stock, valued at $659,835. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Motco acquired a new stake in shares of Sealed Air during the second quarter worth $29,000. Doyle Wealth Management acquired a new position in Sealed Air in the second quarter valued at $40,000. CSat Investment Advisory L.P. boosted its holdings in Sealed Air by 34.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,234 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 314 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in Sealed Air in the third quarter valued at $96,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Sealed Air by 51.4% in the second quarter. Rockefeller Capital Management L.P. now owns 2,894 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 983 shares during the last quarter. Institutional investors and hedge funds own 95.80% of the company’s stock.
Sealed Air stock traded down $0.09 during mid-day trading on Monday, hitting $36.66. 6,715 shares of the company were exchanged, compared to its average volume of 1,115,047. The business’s 50 day simple moving average is $40.29 and its two-hundred day simple moving average is $41.98. The company has a market capitalization of $5.74 billion, a P/E ratio of 14.68, a PEG ratio of 1.35 and a beta of 1.07. Sealed Air has a 12-month low of $32.33 and a 12-month high of $47.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, December 5th. Sealed Air’s dividend payout ratio (DPR) is 25.60%.
Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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