Equities analysts forecast that Sealed Air Corp (NYSE:SEE) will post $1.19 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sealed Air’s earnings, with estimates ranging from $1.17 billion to $1.21 billion. Sealed Air posted sales of $1.74 billion during the same quarter last year, which would indicate a negative year over year growth rate of 31.6%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, February 8th.
According to Zacks, analysts expect that Sealed Air will report full year sales of $1.19 billion for the current year, with estimates ranging from $4.40 billion to $4.44 billion. For the next fiscal year, analysts anticipate that the business will post sales of $4.66 billion per share, with estimates ranging from $4.54 billion to $4.78 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Sealed Air.
Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.46. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share.
Sealed Air (NYSE SEE) opened at $48.97 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 4.23. The company has a market cap of $8,830.00, a PE ratio of 47.09, a PEG ratio of 5.11 and a beta of 1.24. Sealed Air has a 1-year low of $41.22 and a 1-year high of $50.62.
In other Sealed Air news, CFO William G. Stiehl sold 3,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.98, for a total transaction of $146,940.00. Following the completion of the sale, the chief financial officer now directly owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Emile Z. Chammas sold 6,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $45.24, for a total transaction of $271,440.00. Following the sale, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Sealed Air by 2.1% during the second quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock valued at $895,695,000 after buying an additional 403,530 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Sealed Air by 46,138.7% during the second quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock valued at $474,465,000 after buying an additional 10,577,290 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Sealed Air by 10.6% during the third quarter. Ameriprise Financial Inc. now owns 5,078,212 shares of the industrial products company’s stock valued at $216,347,000 after buying an additional 485,234 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Sealed Air by 4.7% during the third quarter. Wells Fargo & Company MN now owns 4,387,183 shares of the industrial products company’s stock valued at $187,420,000 after buying an additional 195,840 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Sealed Air by 0.8% during the second quarter. Northern Trust Corp now owns 2,416,573 shares of the industrial products company’s stock valued at $108,166,000 after buying an additional 18,219 shares during the last quarter. 92.60% of the stock is owned by institutional investors and hedge funds.
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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