Sealed Air Corporation (SEE) to Release Quarterly Earnings on Wednesday
Sealed Air Corporation (NYSE:SEE) will issue its quarterly earnings data before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Sealed Air Corporation has set its FY17 guidance at $1.75-1.80 EPS.
Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior 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. On average, analysts expect Sealed Air Corporation to post $1.8 EPS for the current fiscal year and $2.43 EPS for the next fiscal year.
Sealed Air Corporation (NYSE:SEE) opened at 44.23 on Wednesday. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 22.86 and a beta of 1.17. Sealed Air Corporation has a one year low of $41.22 and a one year high of $50.62. The stock’s 50 day moving average is $43.70 and its 200 day moving average is $44.31.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 33.16%.
Several research firms have recently commented on SEE. SunTrust Banks, Inc. set a $48.00 target price on shares of Sealed Air Corporation and gave the stock a “buy” rating in a research report on Sunday, September 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $55.00 target price on shares of Sealed Air Corporation in a research report on Friday, September 1st. Bank of America Corporation raised shares of Sealed Air Corporation from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Thursday, September 21st. Barclays PLC reaffirmed an “equal weight” rating and issued a $45.00 target price on shares of Sealed Air Corporation in a research report on Tuesday, September 19th. Finally, BidaskClub cut shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Sealed Air Corporation currently has a consensus rating of “Hold” and a consensus price target of $48.50.
In related news, Director Lawrence R. Codey sold 3,500 shares of Sealed Air Corporation stock in a transaction dated 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 filing with the SEC, which is available at this hyperlink. Company insiders own 1.05% of the company’s stock.
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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