Wall Street analysts expect Sealed Air Co. (NYSE:SEE – Get Rating) to post $1.39 billion in sales for the current quarter, Zacks reports. Seven analysts have made estimates for Sealed Air’s earnings. The lowest sales estimate is $1.32 billion and the highest is $1.44 billion. Sealed Air reported sales of $1.27 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Sealed Air will report full-year sales of $5.91 billion for the current financial year, with estimates ranging from $5.85 billion to $5.97 billion. For the next financial year, analysts anticipate that the business will report sales of $6.13 billion, with estimates ranging from $5.89 billion to $6.36 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Sealed Air.
Sealed Air (NYSE:SEE – Get Rating) last posted its earnings results on Thursday, February 17th. The industrial products company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.49 billion. Sealed Air had a net margin of 9.16% and a return on equity of 378.45%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share.
Several institutional investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its stake in shares of Sealed Air by 1.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 10,071 shares of the industrial products company’s stock valued at $679,000 after buying an additional 183 shares during the period. Advisor Partners LLC increased its stake in shares of Sealed Air by 2.2% during the fourth quarter. Advisor Partners LLC now owns 10,621 shares of the industrial products company’s stock valued at $717,000 after buying an additional 232 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Sealed Air by 6.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 4,588 shares of the industrial products company’s stock valued at $251,000 after buying an additional 265 shares during the period. Ellevest Inc. grew its stake in Sealed Air by 269.0% in the first quarter. Ellevest Inc. now owns 369 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 269 shares during the last quarter. Finally, Clifford Capital Partners LLC grew its stake in Sealed Air by 0.5% in the third quarter. Clifford Capital Partners LLC now owns 50,530 shares of the industrial products company’s stock valued at $2,769,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.
Shares of SEE opened at $69.13 on Thursday. The company has a market cap of $10.24 billion, a PE ratio of 20.76, a P/E/G ratio of 1.55 and a beta of 1.24. The business has a fifty day moving average of $66.97 and a 200 day moving average of $64.83. Sealed Air has a 52-week low of $47.67 and a 52-week high of $70.72. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 12.95.
The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 1.16%. Sealed Air’s dividend payout ratio is currently 24.02%.
About Sealed Air (Get Rating)
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 through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and shelf life extension, reduce food waste, automate processes, and optimize total cost for 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, Simple Steps, and Optidure brands.
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