Sealed Air Corp (SEE) Expected to Post Quarterly Sales of $1.10 Billion

Brokerages expect Sealed Air Corp (NYSE:SEE) to announce $1.10 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Sealed Air’s earnings, with the highest sales estimate coming in at $1.12 billion and the lowest estimate coming in at $1.08 billion. Sealed Air reported sales of $1.03 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The company is expected to issue its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Sealed Air will report full year sales of $1.10 billion for the current financial year, with estimates ranging from $4.74 billion to $4.78 billion. For the next year, analysts forecast that the business will report sales of $4.85 billion per share, with estimates ranging from $4.70 billion to $4.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Sealed Air.

Sealed Air (NYSE:SEE) last issued its earnings results on Thursday, February 8th. The industrial products company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Sealed Air had a return on equity of 74.28% and a net margin of 17.90%. Sealed Air’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share.

A number of analysts recently issued reports on the company. Barclays raised Sealed Air from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $46.00 to $53.00 in a research report on Friday, December 15th. SunTrust Banks reissued a “buy” rating and set a $48.00 price objective on shares of Sealed Air in a research report on Friday, November 10th. BMO Capital Markets reissued a “hold” rating and set a $50.00 price objective on shares of Sealed Air in a research report on Thursday, January 25th. Bank of America set a $59.00 price objective on Sealed Air and gave the company a “buy” rating in a research report on Friday. Finally, Zacks Investment Research raised Sealed Air from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Sealed Air presently has a consensus rating of “Hold” and an average price target of $50.33.

In other Sealed Air news, CFO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.98, for a total value of $146,940.00. Following the completion of the sale, the chief financial officer now owns 34,797 shares of the company’s stock, valued at $1,704,357.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $271,440.00. Following the completion of the sale, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. First Republic Investment Management Inc. lifted its position in shares of Sealed Air by 7.6% in the fourth quarter. First Republic Investment Management Inc. now owns 42,363 shares of the industrial products company’s stock worth $2,089,000 after buying an additional 2,975 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Sealed Air by 6.6% in the fourth quarter. Baird Financial Group Inc. now owns 159,575 shares of the industrial products company’s stock worth $7,867,000 after buying an additional 9,887 shares during the last quarter. Stanley Laman Group Ltd. lifted its position in shares of Sealed Air by 3.9% in the fourth quarter. Stanley Laman Group Ltd. now owns 104,690 shares of the industrial products company’s stock worth $5,161,000 after buying an additional 3,882 shares during the last quarter. Norinchukin Bank The lifted its position in shares of Sealed Air by 98.2% in the fourth quarter. Norinchukin Bank The now owns 28,029 shares of the industrial products company’s stock worth $1,382,000 after buying an additional 13,885 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its position in shares of Sealed Air by 197.6% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 46,145 shares of the industrial products company’s stock worth $2,275,000 after buying an additional 30,637 shares during the last quarter. 93.43% of the stock is owned by institutional investors.

Shares of Sealed Air (SEE) traded down $0.96 during trading on Friday, hitting $41.66. The stock had a trading volume of 4,418,923 shares, compared to its average volume of 2,533,884. The firm has a market capitalization of $7,688.07, a PE ratio of 9.94, a PEG ratio of 4.32 and a beta of 1.12. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 21.21. Sealed Air has a 1-year low of $40.76 and a 1-year high of $49.94.

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Sealed Air 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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