KeyCorp Comments on Sealed Air Corp’s Q1 2018 Earnings (SEE)

Sealed Air Corp (NYSE:SEE) – Research analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Sealed Air in a research note issued on Friday. KeyCorp analyst A. Josephson forecasts that the industrial products company will post earnings of $0.50 per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Sealed Air’s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.44 EPS and FY2019 earnings at $2.72 EPS.

Sealed Air (NYSE:SEE) last posted its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Sealed Air had a return on equity of 74.28% and a net margin of 17.90%. Sealed Air’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share.

A number of other research firms also recently weighed in on SEE. TheStreet upgraded Sealed Air from a “c+” rating to a “b-” rating in a report on Thursday, November 30th. Citigroup decreased their price objective on Sealed Air from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Friday. SunTrust Banks restated a “buy” rating and issued a $49.00 price objective on shares of Sealed Air in a report on Friday, November 17th. Zacks Investment Research upgraded Sealed Air from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, Barclays increased their price target on Sealed Air from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.33.

Shares of Sealed Air (NYSE SEE) opened at $41.66 on Monday. The firm has a market capitalization of $7,510.00, a price-to-earnings ratio of 245.06, a P/E/G ratio of 4.23 and a beta of 1.12. Sealed Air has a 1-year low of $40.76 and a 1-year high of $49.94. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 21.21.

Several institutional investors and hedge funds have recently modified their holdings of SEE. Thrivent Financial For Lutherans grew its stake in shares of Sealed Air by 3.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,422 shares of the industrial products company’s stock valued at $332,000 after buying an additional 280 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sealed Air by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 858,823 shares of the industrial products company’s stock valued at $38,442,000 after buying an additional 20,144 shares during the period. HighTower Advisors LLC grew its stake in shares of Sealed Air by 10.8% in the 2nd quarter. HighTower Advisors LLC now owns 7,859 shares of the industrial products company’s stock valued at $351,000 after buying an additional 769 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Sealed Air by 13.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 220,498 shares of the industrial products company’s stock valued at $9,870,000 after buying an additional 25,389 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Sealed Air by 5.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 33,024 shares of the industrial products company’s stock valued at $1,478,000 after buying an additional 1,619 shares during the period. Institutional investors own 93.43% of the company’s stock.

In other Sealed Air news, SVP Emile Z. Chammas sold 6,000 shares of the 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 directly owns 142,077 shares in the company, valued at approximately $6,427,563.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William G. Stiehl sold 3,000 shares of the 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 owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

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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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