Sealed Air Corp (NYSE:SEE) – Research analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for Sealed Air in a research report issued to clients and investors on Friday, February 8th. Jefferies Financial Group analyst D. Rizzo anticipates that the industrial products company will post earnings per share of $0.60 for the quarter. Jefferies Financial Group also issued estimates for Sealed Air’s Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $2.75 EPS.
Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, February 7th. The industrial products company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. Sealed Air had a negative return on equity of 104.71% and a net margin of 4.08%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the firm earned $0.58 earnings per share. Sealed Air’s quarterly revenue was up 2.6% on a year-over-year basis.
SEE has been the topic of a number of other reports. UBS Group set a $45.00 price target on Sealed Air and gave the company a “buy” rating in a research note on Friday, November 2nd. Robert W. Baird lifted their target price on Sealed Air from $41.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday. ValuEngine upgraded Sealed Air from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 7th. Vertical Research cut Sealed Air from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research upgraded Sealed Air from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $44.10.
Sealed Air stock opened at $42.18 on Monday. Sealed Air has a 1-year low of $30.22 and a 1-year high of $46.21. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.29 and a beta of 1.13.
A number of hedge funds have recently modified their holdings of SEE. Doyle Wealth Management acquired a new position in Sealed Air in the 4th quarter valued at about $32,000. Essex Savings Bank acquired a new position in Sealed Air in the 4th quarter valued at about $35,000. Massey Quick Simon & CO. LLC increased its position in Sealed Air by 50.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 2,311 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 770 shares during the period. Captrust Financial Advisors increased its position in Sealed Air by 364.0% in the 3rd quarter. Captrust Financial Advisors now owns 2,775 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 2,177 shares during the period. Finally, Honkamp Krueger Financial Services Inc. acquired a new position in Sealed Air in the 3rd quarter valued at about $140,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.
In related news, SVP Emile Z. Chammas purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were purchased at an average price of $33.40 per share, for a total transaction of $167,000.00. Following the transaction, the senior vice president now directly owns 169,509 shares of the company’s stock, valued at approximately $5,661,600.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward L. Doheny II purchased 7,500 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average price of $33.75 per share, for a total transaction of $253,125.00. Following the transaction, the insider now directly owns 85,645 shares in the company, valued at $2,890,518.75. The disclosure for this purchase can be found here. 0.63% of the stock is currently owned by insiders.
About Sealed Air
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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