Zacks: Analysts Anticipate Sealed Air Corp (NYSE:SEE) Will Post Earnings of $0.54 Per Share

Equities analysts forecast that Sealed Air Corp (NYSE:SEE) will announce $0.54 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Sealed Air’s earnings, with estimates ranging from $0.49 to $0.62. Sealed Air posted earnings of $0.80 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 32.5%. The business is scheduled to announce its next earnings results before the market opens on Thursday, August 6th.

On average, analysts expect that Sealed Air will report full year earnings of $2.67 per share for the current year, with EPS estimates ranging from $2.59 to $2.77. For the next fiscal year, analysts anticipate that the company will report earnings of $2.82 per share, with EPS estimates ranging from $2.75 to $2.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Sealed Air.

Sealed Air (NYSE:SEE) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.14. Sealed Air had a net margin of 6.84% and a negative return on equity of 179.75%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the firm earned $0.59 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis.

A number of analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Sealed Air in a report on Monday, July 13th. They set a “buy” rating and a $39.00 price objective for the company. Wells Fargo & Co restated a “hold” rating on shares of Sealed Air in a report on Wednesday, May 6th. Zacks Investment Research upgraded shares of Sealed Air from a “sell” rating to a “hold” rating and set a $37.00 price objective for the company in a report on Thursday, July 16th. Robert W. Baird raised their price objective on shares of Sealed Air from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. They noted that the move was a valuation call. Finally, Cfra decreased their price objective on shares of Sealed Air from $36.00 to $33.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Sealed Air has an average rating of “Hold” and an average price target of $37.00.

A number of large investors have recently modified their holdings of SEE. FMR LLC grew its stake in Sealed Air by 3.1% during the first quarter. FMR LLC now owns 88,646 shares of the industrial products company’s stock valued at $4,083,000 after acquiring an additional 2,697 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Sealed Air by 4.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,948 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 571 shares during the last quarter. Marshall Wace LLP lifted its position in Sealed Air by 87.9% during the fourth quarter. Marshall Wace LLP now owns 10,758 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 5,033 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Sealed Air by 4.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 523,822 shares of the industrial products company’s stock valued at $20,864,000 after purchasing an additional 22,405 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its position in Sealed Air by 42.8% during the fourth quarter. First Republic Investment Management Inc. now owns 14,418 shares of the industrial products company’s stock valued at $574,000 after purchasing an additional 4,319 shares during the last quarter. 91.55% of the stock is owned by institutional investors.

NYSE SEE traded down $0.17 during trading hours on Friday, reaching $35.68. 1,359,414 shares of the company were exchanged, compared to its average volume of 1,020,260. Sealed Air has a 1 year low of $17.06 and a 1 year high of $45.86. The business’s 50 day simple moving average is $33.68 and its 200-day simple moving average is $31.75. The stock has a market capitalization of $5.55 billion, a P/E ratio of 12.09, a P/E/G ratio of 3.18 and a beta of 1.17.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.64 annualized dividend and a yield of 1.79%. Sealed Air’s dividend payout ratio is currently 22.70%.

Sealed Air Company Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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

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