Wall Street analysts expect Sealed Air Corp (NYSE:SEE) to report $1.17 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sealed Air’s earnings, with the lowest sales estimate coming in at $1.16 billion and the highest estimate coming in at $1.19 billion. Sealed Air reported sales of $1.16 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 0.9%. The company is expected to announce its next quarterly earnings report on Thursday, August 1st.
According to Zacks, analysts expect that Sealed Air will report full-year sales of $4.83 billion for the current year, with estimates ranging from $4.74 billion to $4.97 billion. For the next fiscal year, analysts expect that the company will post sales of $5.03 billion, with estimates ranging from $4.74 billion to $5.48 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Sealed Air.
Sealed Air (NYSE:SEE) last released its earnings results on Wednesday, May 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Sealed Air had a negative return on equity of 112.27% and a net margin of 9.57%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS.
In other Sealed Air news, CEO Edward L. Doheny II acquired 5,000 shares of Sealed Air stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $45.00 per share, for a total transaction of $225,000.00. Following the purchase, the chief executive officer now directly owns 167,246 shares in the company, valued at approximately $7,526,070. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.53% of the company’s stock.
Several institutional investors have recently bought and sold shares of SEE. Doyle Wealth Management acquired a new stake in Sealed Air in the 4th quarter valued at about $32,000. Bronfman E.L. Rothschild L.P. lifted its stake in Sealed Air by 95.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 969 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 472 shares during the last quarter. Resources Investment Advisors Inc. acquired a new stake in Sealed Air in the 4th quarter valued at about $42,000. CSat Investment Advisory L.P. lifted its stake in Sealed Air by 70.7% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,376 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 570 shares during the last quarter. Finally, Thor Advisors LLC acquired a new stake in Sealed Air in the 1st quarter valued at about $78,000. Institutional investors own 98.43% of the company’s stock.
SEE stock opened at $44.42 on Thursday. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.84 and a beta of 1.17. Sealed Air has a 1 year low of $30.22 and a 1 year high of $47.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.44%. Sealed Air’s dividend payout ratio is 25.60%.
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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