Sealed Air Corporation (NYSE:SEE) announced its earnings results on Tuesday. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01, Bloomberg Earnings reports. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Sealed Air Corporation had a net margin of 5.48% and a return on equity of 85.72%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Sealed Air Corporation updated its FY17 guidance to $1.75-1.80 EPS.

Sealed Air Corporation (NYSE SEE) traded up 2.565% during trading on Tuesday, hitting $44.985. 1,948,876 shares of the stock traded hands. The stock has a market cap of $8.81 billion, a P/E ratio of 25.853 and a beta of 1.16. The stock has a 50 day moving average price of $45.15 and a 200-day moving average price of $45.37. Sealed Air Corporation has a 52-week low of $41.74 and a 52-week high of $50.62.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is currently 36.99%.

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Several analysts recently issued reports on SEE shares. Royal Bank Of Canada restated a “buy” rating and set a $52.00 target price on shares of Sealed Air Corporation in a research report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Sealed Air Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Jefferies Group LLC restated a “hold” rating and set a $45.00 target price on shares of Sealed Air Corporation in a research report on Tuesday, April 18th. Bank of America Corporation lowered shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research report on Tuesday, May 9th. Finally, Credit Suisse Group set a $50.00 target price on shares of Sealed Air Corporation and gave the company a “buy” rating in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.91.

In other news, CAO William G. Stiehl sold 3,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $43.43, for a total transaction of $130,290.00. Following the transaction, the chief accounting officer now owns 37,797 shares in the company, valued at approximately $1,641,523.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jerome A. Peribere bought 6,960 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were acquired at an average price of $42.97 per share, for a total transaction of $299,071.20. Following the transaction, the insider now directly owns 199,000 shares in the company, valued at $8,551,030. The disclosure for this purchase can be found here. Company insiders own 0.86% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its position in shares of Sealed Air Corporation by 50.4% in the second quarter. Neuberger Berman Group LLC now owns 3,966,506 shares of the industrial products company’s stock worth $177,541,000 after buying an additional 1,329,201 shares during the period. Pacer Advisors Inc. raised its position in shares of Sealed Air Corporation by 8.1% in the second quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock worth $193,000 after buying an additional 322 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Sealed Air Corporation by 20.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock worth $2,259,000 after buying an additional 8,547 shares during the period. Andra AP fonden raised its position in shares of Sealed Air Corporation by 13.9% in the second quarter. Andra AP fonden now owns 65,700 shares of the industrial products company’s stock worth $2,941,000 after buying an additional 8,000 shares during the period. Finally, National Investment Services Inc. WI acquired a new position in shares of Sealed Air Corporation during the second quarter worth about $1,918,000. Hedge funds and other institutional investors own 91.94% of the company’s stock.

Sealed Air Corporation Company Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.

Earnings History for Sealed Air Corporation (NYSE:SEE)

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