Sealed Air Corp. (SEE) Announces Quarterly Earnings, Misses Expectations By $0.03 EPS
Sealed Air Corp. (NYSE:SEE) issued its quarterly earnings data on Thursday. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.03, StockRatingsNetwork reports. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.00 billion.
Sealed Air Corp. (NYSE:SEE) opened at 30.89 on Thursday. Sealed Air Corp. has a 52 week low of $18.83 and a 52 week high of $34.37. The stock has a 50-day moving average of $32.76 and a 200-day moving average of $30.24. The company’s market cap is $6.060 billion.
A number of analysts have recently weighed in on SEE shares. Analysts at TheStreet downgraded shares of Sealed Air Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 27th. On the ratings front, analysts at Zacks reiterated an “outperform” rating on shares of Sealed Air Corp. in a research note to investors on Tuesday, December 3rd. They now have a $38.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Sealed Air Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 22nd. They now have a $34.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Sealed Air Corp. has an average rating of “Hold” and an average target price of $31.56.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.
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