Sealed Air Corp (NYSE:SEE) – Equities research analysts at Jefferies Financial Group issued their Q1 2020 earnings per share estimates for Sealed Air in a research note issued to investors on Tuesday, February 11th. Jefferies Financial Group analyst D. Rizzo forecasts that the industrial products company will post earnings of $0.62 per share for the quarter. Jefferies Financial Group also issued estimates for Sealed Air’s Q2 2020 earnings at $0.80 EPS, Q3 2020 earnings at $0.72 EPS, Q4 2020 earnings at $0.81 EPS, FY2021 earnings at $3.25 EPS and FY2022 earnings at $3.50 EPS.
Sealed Air (NYSE:SEE) last posted its earnings results on Tuesday, February 11th. The industrial products company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. Sealed Air had a negative return on equity of 135.60% and a net margin of 7.55%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. Sealed Air’s revenue was up 3.1% on a year-over-year basis.
A number of other research analysts also recently weighed in on the company. Cfra raised Sealed Air from a “sell” rating to a “hold” rating and set a $36.00 target price on the stock in a report on Wednesday. KeyCorp reissued a “hold” rating on shares of Sealed Air in a report on Tuesday. Wells Fargo & Co reissued a “hold” rating on shares of Sealed Air in a report on Monday, December 9th. ValuEngine raised Sealed Air from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Robert W. Baird reissued a “buy” rating and issued a $50.00 target price on shares of Sealed Air in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.50.
SEE stock opened at $34.77 on Friday. Sealed Air has a fifty-two week low of $34.27 and a fifty-two week high of $47.13. The business’s 50-day moving average is $37.81 and its two-hundred day moving average is $39.90. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.25 and a beta of 1.04.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. grew its position in shares of Sealed Air by 1.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 17,422 shares of the industrial products company’s stock worth $723,000 after purchasing an additional 287 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Sealed Air by 9.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,838 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 322 shares in the last quarter. Zeke Capital Advisors LLC grew its position in shares of Sealed Air by 7.1% during the third quarter. Zeke Capital Advisors LLC now owns 5,040 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 335 shares in the last quarter. First Mercantile Trust Co. grew its position in shares of Sealed Air by 6.0% during the third quarter. First Mercantile Trust Co. now owns 8,311 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 470 shares in the last quarter. Finally, World Asset Management Inc grew its position in shares of Sealed Air by 4.2% during the third quarter. World Asset Management Inc now owns 11,650 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 471 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.
In related news, Director Patrick Duff purchased 15,000 shares of Sealed Air stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $35.00 per share, for a total transaction of $525,000.00. Following the completion of the transaction, the director now directly owns 106,625 shares in the company, valued at approximately $3,731,875. 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.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.84%. Sealed Air’s payout ratio is 25.60%.
About Sealed Air
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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