$1.19 Billion in Sales Expected for Sealed Air Corporation (SEE) This Quarter

Brokerages expect Sealed Air Corporation (NYSE:SEE) to report $1.19 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Sealed Air’s earnings. The lowest sales estimate is $1.17 billion and the highest is $1.21 billion. Sealed Air posted sales of $1.74 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 31.6%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that Sealed Air will report full year sales of $1.19 billion for the current fiscal year, with estimates ranging from $4.40 billion to $4.44 billion. For the next financial year, analysts anticipate that the business will report sales of $4.66 billion per share, with estimates ranging from $4.54 billion to $4.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Sealed Air.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share.

SEE has been the topic of several analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $47.00 target price on shares of Sealed Air in a report on Thursday, November 9th. Bank of America set a $50.00 target price on Sealed Air and gave the company a “buy” rating in a report on Friday, October 13th. Zacks Investment Research cut Sealed Air from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. SunTrust Banks reiterated a “buy” rating and issued a $49.00 target price on shares of Sealed Air in a report on Friday, November 17th. Finally, Barclays upped their target price on Sealed Air from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.42.

In other Sealed Air news, CFO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.98, for a total value of $146,940.00. Following the transaction, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the transaction, the senior vice president now directly owns 142,077 shares in the company, valued at $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SEE. Fiduciary Trust Co. acquired a new position in shares of Sealed Air during the second quarter worth approximately $124,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Sealed Air during the third quarter worth approximately $140,000. Pacer Advisors Inc. raised its position in shares of Sealed Air by 8.1% during the second quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 322 shares during the period. King Luther Capital Management Corp acquired a new position in shares of Sealed Air during the second quarter worth approximately $205,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of Sealed Air by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 70 shares during the period. 92.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sealed Air (NYSE:SEE) opened at $49.42 on Friday. Sealed Air has a twelve month low of $41.22 and a twelve month high of $50.62. The company has a market capitalization of $8,910.00, a P/E ratio of 47.52, a P/E/G ratio of 5.17 and a beta of 1.24. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23.

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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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