Sealed Air Corporation (NYSE:SEE) – Equities researchers at KeyCorp increased their FY2017 EPS estimates for Sealed Air Corporation in a research note issued on Wednesday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will earn $1.83 per share for the year, up from their previous forecast of $1.80. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Sealed Air Corporation’s Q4 2017 earnings at $0.58 EPS and FY2018 earnings at $2.33 EPS.
Several other research analysts also recently commented on SEE. Zacks Investment Research downgraded shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Bank of America Corporation set a $50.00 target price on shares of Sealed Air Corporation and gave the stock a “buy” rating in a research note on Friday, October 13th. Citigroup Inc. downgraded shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $52.00 to $47.00 in a research note on Thursday, September 7th. BidaskClub downgraded shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 target price on shares of Sealed Air Corporation in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.75.
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Sealed Air Corporation (SEE) opened at $44.35 on Monday. The company has a market cap of $10,200.32, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 6.19 and a beta of 1.21. Sealed Air Corporation has a one year low of $41.22 and a one year high of $50.62. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.28 and a current ratio of 1.70.
Sealed Air Corporation (NYSE:SEE) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Sealed Air Corporation had a net margin of 20.15% and a return on equity of 67.60%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air Corporation’s payout ratio is currently 12.19%.
In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the business’s stock in a transaction on 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 directly owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.05% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Alps Advisors Inc. increased its position in Sealed Air Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,524 shares of the industrial products company’s stock valued at $471,000 after purchasing an additional 27 shares during the period. Ameritas Investment Partners Inc. increased its position in Sealed Air Corporation 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 purchasing an additional 70 shares during the period. Ray Gerald L & Associates Ltd. boosted its holdings in shares of Sealed Air Corporation by 1.2% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 9,513 shares of the industrial products company’s stock valued at $426,000 after buying an additional 113 shares in the last quarter. ING Groep NV boosted its holdings in shares of Sealed Air Corporation by 1.4% during the 2nd quarter. ING Groep NV now owns 10,022 shares of the industrial products company’s stock valued at $449,000 after buying an additional 137 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its holdings in shares of Sealed Air Corporation by 2.6% during the 2nd quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company’s stock valued at $305,000 after buying an additional 173 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.
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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