Sealed Air Corporation (NYSE:SEE) – Analysts at SunTrust Banks upped their FY2017 earnings estimates for Sealed Air Corporation in a report issued on Sunday. SunTrust Banks analyst J. Freuchtel now forecasts that the industrial products company will post earnings per share of $1.77 for the year, up from their prior estimate of $1.76. SunTrust Banks has a “Buy” rating and a $48.00 price target on the stock. SunTrust Banks also issued estimates for Sealed Air Corporation’s Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.29 EPS.
Several other research analysts also recently commented on SEE. Barclays PLC lifted their target price on shares of Sealed Air Corporation from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Sealed Air Corporation from a “sell” rating to a “hold” rating in a research note on Monday. BidaskClub raised shares of Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $55.00 target price on shares of Sealed Air Corporation in a research note on Friday, September 1st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $44.00 price objective on shares of Sealed Air Corporation in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $48.75.
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Sealed Air Corporation (SEE) opened at $44.98 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. Sealed Air Corporation has a one year low of $41.22 and a one year high of $50.62. The company has a market cap of $10,200.34, a price-to-earnings ratio of 22.17, a P/E/G ratio of 6.17 and a beta of 1.21.
Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. Sealed Air Corporation had a net margin of 20.15% and a return on equity of 67.60%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.41 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio is currently 12.19%.
In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the transaction, the director now owns 38,180 shares in the company, valued at approximately $1,638,303.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.05% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Sealed Air Corporation by 46,138.7% in the 2nd quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock worth $474,465,000 after acquiring an additional 10,577,290 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Sealed Air Corporation by 199.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,592,978 shares of the industrial products company’s stock valued at $205,703,000 after buying an additional 3,059,792 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Sealed Air Corporation by 245.4% during the 2nd quarter. Wells Fargo & Company MN now owns 4,191,343 shares of the industrial products company’s stock valued at $187,604,000 after buying an additional 2,977,854 shares in the last quarter. Manning & Napier Advisors LLC grew its holdings in Sealed Air Corporation by 5,650.5% during the 2nd quarter. Manning & Napier Advisors LLC now owns 2,506,945 shares of the industrial products company’s stock valued at $112,209,000 after buying an additional 2,463,350 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Sealed Air Corporation by 91.6% during the 2nd quarter. Jennison Associates LLC now owns 3,378,121 shares of the industrial products company’s stock valued at $151,205,000 after buying an additional 1,614,619 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.
About Sealed Air Corporation
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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