Sealed Air Corp (SEE) Scheduled to Post Earnings on Wednesday
Sealed Air Corp (NYSE:SEE) will post its Q114 quarterly earnings results on Wednesday, April 30th. Analysts expect Sealed Air Corp to post earnings of $0.24 per share and revenue of $1.84 billion for the quarter. Sealed Air Corp has set its FY14 guidance at $1.50-1.60 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
Sealed Air Corp (NYSE:SEE) last released its earnings data on Thursday, February 6th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.03. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.00 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts expect Sealed Air Corp to post $1.57 EPS for the current fiscal year and $1.86 EPS for the next fiscal year.
Shares of Sealed Air Corp (NYSE:SEE) opened at 32.38 on Tuesday. Sealed Air Corp has a one year low of $21.66 and a one year high of $34.85. The stock’s 50-day moving average is $32.27 and its 200-day moving average is $31.88. The company has a market cap of $6.353 billion and a P/E ratio of 55.78.
A number of research firms have recently commented on SEE. Analysts at Macquarie upgraded shares of Sealed Air Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $36.00 price target on the stock, up previously from $32.00. On a related note, analysts at Robert W. Baird raised their price target on shares of Sealed Air Corp from $35.00 to $40.00 in a research note on Wednesday, March 5th. Finally, analysts at Zacks downgraded shares of Sealed Air Corp from an “outperform” rating to a “neutral” rating in a research note on Friday, February 28th. They now have a $35.00 price target on the stock. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.44.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business.
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