Zacks: Brokerages Anticipate Sealed Air Corporation (SEE) to Announce $0.46 EPS

Brokerages expect that Sealed Air Corporation (NYSE:SEE) will announce earnings of $0.46 per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Sealed Air Corporation’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.40. Sealed Air Corporation posted earnings of $0.71 per share during the same quarter last year, which would indicate a negative year over year growth rate of 35.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Sealed Air Corporation will report full year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.76 to $1.87. For the next year, analysts expect that the business will post earnings of $2.43 per share, with EPS estimates ranging from $2.12 to $2.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Sealed Air Corporation.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted $0.65 earnings per share. Sealed Air Corporation’s revenue was up 3.0% compared to the same quarter last year.

SEE has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $44.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th. Robert W. Baird reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th. BidaskClub raised shares of Sealed Air Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Zacks Investment Research raised shares of Sealed Air Corporation from a “strong sell” rating to a “hold” rating and set a $52.00 price objective on the stock in a report on Wednesday, July 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 price objective on shares of Sealed Air Corporation in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.33.

Sealed Air Corporation (SEE) traded up 0.16% during trading on Thursday, reaching $44.16. 1,731,700 shares of the company were exchanged. Sealed Air Corporation has a one year low of $41.22 and a one year high of $50.62. The firm’s 50 day moving average price is $43.64 and its 200-day moving average price is $44.20. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 22.82 and a beta of 1.17.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is 33.16%.

In related news, Director Lawrence R. Codey sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $42.91, for a total value of $150,185.00. Following the transaction, the director now directly owns 38,180 shares in the company, valued at $1,638,303.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.05% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc grew its position in Sealed Air Corporation by 5.6% during the second quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock valued at $42,485,000 after acquiring an additional 50,305 shares during the last quarter. Morgan Stanley grew its position in Sealed Air Corporation by 47.7% during the first quarter. Morgan Stanley now owns 571,285 shares of the industrial products company’s stock valued at $24,896,000 after acquiring an additional 184,503 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Sealed Air Corporation by 20.4% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock valued at $2,259,000 after acquiring an additional 8,547 shares during the last quarter. Victory Capital Management Inc. grew its position in Sealed Air Corporation by 73.5% during the first quarter. Victory Capital Management Inc. now owns 34,786 shares of the industrial products company’s stock valued at $1,516,000 after acquiring an additional 14,731 shares during the last quarter. Finally, Global X Management Co. LLC grew its position in Sealed Air Corporation by 30.4% during the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 687 shares during the last quarter. Institutional investors and hedge funds own 92.12% of the company’s stock.

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Sealed Air Corporation 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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Earnings History and Estimates for Sealed Air Corporation (NYSE:SEE)

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