Brokerages Expect Sealed Air Co. (NYSE:SEE) Will Post Earnings of $0.80 Per Share

Equities analysts expect Sealed Air Co. (NYSE:SEE) to post earnings per share of $0.80 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Sealed Air’s earnings, with estimates ranging from $0.77 to $0.86. Sealed Air posted earnings of $0.76 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, August 3rd.

On average, analysts expect that Sealed Air will report full year earnings of $3.51 per share for the current year, with EPS estimates ranging from $3.45 to $3.58. For the next financial year, analysts expect that the company will post earnings of $3.89 per share, with EPS estimates ranging from $3.71 to $4.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Sealed Air.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Monday, May 3rd. The industrial products company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.08. Sealed Air had a return on equity of 887.96% and a net margin of 9.73%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year.

A number of equities research analysts have commented on the company. The Goldman Sachs Group assumed coverage on Sealed Air in a research note on Friday, April 9th. They issued a “buy” rating and a $54.00 price target for the company. Morgan Stanley raised their price objective on Sealed Air from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 6th. Jefferies Financial Group raised their price objective on Sealed Air from $52.00 to $56.00 in a research note on Thursday, April 15th. raised their price objective on Sealed Air from $56.00 to $63.00 in a research note on Wednesday, May 5th. Finally, Robert W. Baird lifted their price target on Sealed Air from $56.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, May 5th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $56.17.

Sealed Air stock traded down $0.06 during midday trading on Thursday, reaching $54.48. The company’s stock had a trading volume of 18,864 shares, compared to its average volume of 1,092,847. The stock’s 50-day simple moving average is $57.42. The company has a debt-to-equity ratio of 36.55, a current ratio of 1.33 and a quick ratio of 0.83. Sealed Air has a 52-week low of $34.59 and a 52-week high of $59.70. The firm has a market capitalization of $8.28 billion, a PE ratio of 17.45, a P/E/G ratio of 1.78 and a beta of 1.26.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 17th. Investors of record on Friday, September 3rd will be given a $0.20 dividend. The ex-dividend date is Thursday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. Sealed Air’s dividend payout ratio (DPR) is presently 25.08%.

A number of institutional investors and hedge funds have recently bought and sold shares of SEE. Price T Rowe Associates Inc. MD raised its stake in shares of Sealed Air by 14.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,503,647 shares of the industrial products company’s stock worth $755,702,000 after buying an additional 2,071,560 shares in the last quarter. Norges Bank purchased a new position in Sealed Air in the 4th quarter valued at approximately $72,815,000. Janus Henderson Group PLC grew its holdings in Sealed Air by 14.8% during the 4th quarter. Janus Henderson Group PLC now owns 10,628,522 shares of the industrial products company’s stock valued at $486,680,000 after buying an additional 1,373,044 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Sealed Air by 60.0% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 1,872,783 shares of the industrial products company’s stock valued at $85,811,000 after buying an additional 702,384 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Sealed Air by 1,289.6% during the 4th quarter. Schroder Investment Management Group now owns 699,542 shares of the industrial products company’s stock valued at $32,032,000 after buying an additional 649,202 shares during the last quarter. 89.57% of the stock is owned by hedge funds and other institutional investors.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and shelf life extension, automate processes, and optimize total cost for perishable food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, 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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