Sealed Air (SEE) Announces Earnings Results

Sealed Air (NYSE:SEE) issued its earnings results on Thursday. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01, Bloomberg Earnings reports. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $0.50 EPS. Sealed Air’s revenue was up 11.5% on a year-over-year basis. Sealed Air updated its FY18 guidance to $2.35-2.45 EPS.

Sealed Air (NYSE SEE) traded down $0.78 during trading on Thursday, hitting $43.58. The company’s stock had a trading volume of 2,390,275 shares, compared to its average volume of 2,393,679. The company has a market cap of $7,987.51, a P/E ratio of 8.31, a P/E/G ratio of 4.61 and a beta of 1.12. Sealed Air has a 1-year low of $41.22 and a 1-year high of $49.94. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23.

In related news, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 142,077 shares in the company, valued at approximately $6,427,563.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.98, for a total value of $146,940.00. Following the transaction, the chief financial officer now owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

Several large investors have recently made changes to their positions in SEE. Massey Quick Simon & CO. LLC bought a new position in shares of Sealed Air during the 3rd quarter valued at approximately $140,000. SeaCrest Wealth Management LLC bought a new position in shares of Sealed Air during the 4th quarter valued at approximately $171,000. Beck Mack & Oliver LLC bought a new position in shares of Sealed Air during the 4th quarter valued at approximately $207,000. Ameritas Investment Partners Inc. grew its stake in shares of Sealed Air by 1.5% during 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 period. Finally, MHI Funds LLC bought a new position in shares of Sealed Air during the 4th quarter valued at approximately $216,000. Institutional investors own 93.43% of the company’s stock.

A number of equities research analysts have issued reports on SEE shares. Royal Bank of Canada restated a “hold” rating and set a $47.00 price target on shares of Sealed Air in a research note on Thursday, November 9th. Bank of America set a $50.00 price target on Sealed Air and gave the company a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research downgraded Sealed Air from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Barclays upgraded Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $53.00 in a research note on Friday, December 15th. Finally, SunTrust Banks restated a “buy” rating and set a $49.00 price target on shares of Sealed Air in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $49.67.

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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.

Earnings History for Sealed Air (NYSE:SEE)

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