Brokerages Anticipate Sealed Air Corp (SEE) to Post $0.57 Earnings Per Share

Analysts expect Sealed Air Corp (NYSE:SEE) to post $0.57 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Sealed Air’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.53. Sealed Air posted earnings per share of $0.76 during the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The business is scheduled to announce its next earnings results before the market opens on Thursday, February 8th.

On average, analysts expect that Sealed Air will report full-year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.83. For the next financial year, analysts forecast that the company will post earnings of $2.40 per share, with EPS estimates ranging from $2.25 to $2.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Sealed Air.

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

Several equities analysts recently commented on the company. Zacks Investment Research upgraded Sealed Air from a “sell” rating to a “hold” rating in a research report on Friday. SunTrust Banks restated a “buy” rating and set a $48.00 target price on shares of Sealed Air in a research report on Friday, November 10th. Vertical Research cut Sealed Air from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Barclays upgraded Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $46.00 to $53.00 in a research report on Friday, December 15th. Finally, Royal Bank of Canada restated a “hold” rating and set a $47.00 target price on shares of Sealed Air in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Sealed Air currently has a consensus rating of “Hold” and a consensus target price of $49.42.

In other Sealed Air news, SVP Emile Z. Chammas sold 6,000 shares of Sealed Air stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO William G. Stiehl sold 3,000 shares of Sealed Air stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.98, for a total value of $146,940.00. Following the sale, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at approximately $1,704,357.06. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Massey Quick Simon & CO. LLC bought a new stake in Sealed Air during the third quarter worth about $140,000. Ameritas Investment Partners Inc. lifted its stake in shares of Sealed Air by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock valued at $213,000 after acquiring an additional 70 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Sealed Air in the 3rd quarter valued at about $242,000. Fox Run Management L.L.C. bought a new stake in shares of Sealed Air in the 3rd quarter valued at about $295,000. Finally, First Trust Advisors LP bought a new stake in shares of Sealed Air in the 3rd quarter valued at about $304,000. 93.00% of the stock is owned by hedge funds and other institutional investors.

Sealed Air (NYSE:SEE) traded up $0.36 during trading on Friday, reaching $49.10. The company had a trading volume of 2,340,714 shares, compared to its average volume of 1,660,636. Sealed Air has a twelve month low of $41.22 and a twelve month high of $50.62. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70. The stock has a market capitalization of $8,856.95, a PE ratio of 9.35, a price-to-earnings-growth ratio of 5.11 and a beta of 1.24.

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About Sealed Air

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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