Sealed Air Corporation (SEE) Expected to Announce Earnings of $0.57 Per Share
Equities analysts predict that Sealed Air Corporation (NYSE:SEE) will announce earnings per share of $0.57 for the current quarter, according to Zacks. Five analysts have issued estimates for Sealed Air’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.59. Sealed Air reported earnings of $0.76 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 25%. The firm is expected to report its next earnings results on Thursday, February 8th.
On average, analysts expect that Sealed Air will report full-year earnings of $1.80 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $1.83. For the next fiscal year, analysts expect that the firm will report earnings of $2.42 per share, with EPS estimates ranging from $2.29 to $2.50. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Sealed Air.
Sealed Air (NYSE:SEE) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share.
Shares of Sealed Air (NYSE:SEE) traded up $0.71 on Friday, hitting $48.05. 2,438,800 shares of the stock were exchanged, compared to its average volume of 2,173,804. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of $8,620.00, a price-to-earnings ratio of 23.58, a PEG ratio of 6.56 and a beta of 1.21. Sealed Air has a twelve month low of $41.22 and a twelve month high of $50.62.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, November 30th. Sealed Air’s dividend payout ratio is presently 61.54%.
In other Sealed Air news, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the sale, the senior vice president now owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the sale, the director now directly owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in SEE. Bank of Montreal Can raised its stake in shares of Sealed Air by 7.4% during the 2nd quarter. Bank of Montreal Can now owns 80,453 shares of the industrial products company’s stock worth $3,601,000 after buying an additional 5,522 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Sealed Air by 7.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,897 shares of the industrial products company’s stock worth $219,000 after buying an additional 320 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Sealed Air by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the industrial products company’s stock worth $542,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC raised its stake in shares of Sealed Air by 33.4% during the 2nd quarter. Aperio Group LLC now owns 75,264 shares of the industrial products company’s stock worth $3,369,000 after buying an additional 18,853 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Sealed Air by 3,471,300.0% during the 2nd quarter. Acadian Asset Management LLC now owns 34,714 shares of the industrial products company’s stock worth $1,554,000 after buying an additional 34,713 shares during the last quarter. 73.00% of the stock is owned by institutional investors and hedge funds.
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Sealed Air 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 (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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