Q3 2017 EPS Estimates for Sealed Air Corporation Decreased by Analyst (SEE)
Sealed Air Corporation (NYSE:SEE) – Investment analysts at KeyCorp reduced their Q3 2017 EPS estimates for Sealed Air Corporation in a research report issued to clients and investors on Monday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will post earnings per share of $0.47 for the quarter, down from their prior forecast of $0.49. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Sealed Air Corporation’s FY2017 earnings at $1.80 EPS.
SEE has been the subject of several other research reports. BMO Capital Markets reiterated a “hold” rating and issued a $45.00 price objective on shares of Sealed Air Corporation in a research report on Friday, June 9th. Royal Bank Of Canada restated a “hold” rating and set a $44.00 target price on shares of Sealed Air Corporation in a report on Tuesday, June 13th. Robert W. Baird reissued an “outperform” rating and set a $55.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th. BidaskClub upgraded shares of Sealed Air Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research upgraded shares of Sealed Air Corporation from a “strong sell” rating to a “hold” rating and set a $52.00 price objective for the company in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Sealed Air Corporation has a consensus rating of “Hold” and a consensus target price of $48.33.
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Shares of Sealed Air Corporation (NYSE SEE) opened at 43.74 on Wednesday. The company has a market cap of $8.31 billion, a PE ratio of 22.60 and a beta of 1.17. Sealed Air Corporation has a 12-month low of $41.22 and a 12-month high of $50.62. The stock’s 50 day moving average price is $43.73 and its 200-day moving average price is $44.22.
Sealed Air Corporation (NYSE:SEE) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.65 EPS. Sealed Air Corporation’s revenue for the quarter was up 3.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is currently 33.16%.
In other news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the completion of the transaction, the director now directly owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.05% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Fiduciary Trust Co. bought a new position in shares of Sealed Air Corporation in the 2nd quarter valued at about $124,000. Global X Management Co. LLC increased its position in shares of Sealed Air Corporation by 30.4% during the 1st quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 687 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Sealed Air Corporation by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 116 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Sealed Air Corporation during the 1st quarter worth approximately $196,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Sealed Air Corporation during the 2nd quarter worth approximately $201,000. 92.12% of the stock is owned by institutional investors and hedge funds.
About Sealed Air Corporation
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.
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