Sealed Air Co. (NYSE:SEE) Expected to Post Earnings of $1.00 Per Share

Wall Street brokerages forecast that Sealed Air Co. (NYSE:SEEGet Rating) will announce $1.00 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for Sealed Air’s earnings, with estimates ranging from $0.96 to $1.05. Sealed Air posted earnings of $0.79 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.6%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Sealed Air will report full year earnings of $4.15 per share for the current financial year, with EPS estimates ranging from $4.09 to $4.22. For the next financial year, analysts expect that the business will report earnings of $4.60 per share, with EPS estimates ranging from $4.45 to $4.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Sealed Air.

Sealed Air (NYSE:SEEGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.19. Sealed Air had a net margin of 9.60% and a return on equity of 355.49%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm earned $0.78 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis.

A number of equities research analysts recently commented on SEE shares. Citigroup decreased their target price on shares of Sealed Air from $81.00 to $80.00 in a research report on Friday, April 8th. Wells Fargo & Company increased their target price on shares of Sealed Air from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 22nd. StockNews.com started coverage on shares of Sealed Air in a research report on Thursday, March 31st. They set a “buy” rating for the company. Credit Suisse Group started coverage on shares of Sealed Air in a research report on Friday, January 28th. They set an “outperform” rating and a $80.00 target price for the company. Finally, Morgan Stanley raised shares of Sealed Air from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $61.00 to $79.00 in a research report on Thursday, January 20th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Sealed Air has a consensus rating of “Buy” and a consensus price target of $71.92.

Several hedge funds and other institutional investors have recently made changes to their positions in SEE. Exchange Traded Concepts LLC lifted its stake in shares of Sealed Air by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 10,071 shares of the industrial products company’s stock worth $679,000 after buying an additional 183 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Sealed Air by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 19,773 shares of the industrial products company’s stock worth $1,324,000 after purchasing an additional 208 shares during the period. Advisor Partners LLC raised its stake in Sealed Air by 2.2% during the fourth quarter. Advisor Partners LLC now owns 10,621 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 232 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in 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 worth $251,000 after purchasing an additional 265 shares during the period. Finally, Ellevest Inc. raised its stake in Sealed Air by 269.0% during the first quarter. Ellevest Inc. now owns 369 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Shares of NYSE SEE traded down $0.91 during midday trading on Monday, reaching $64.69. 17,376 shares of the company’s stock traded hands, compared to its average volume of 914,428. The company has a debt-to-equity ratio of 19.38, a quick ratio of 0.67 and a current ratio of 1.31. The stock’s 50 day moving average is $66.67. Sealed Air has a one year low of $53.87 and a one year high of $70.72. The stock has a market cap of $9.58 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.49 and a beta of 1.18.

The business also recently announced a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were given a $0.20 dividend. The ex-dividend date was Thursday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. Sealed Air’s dividend payout ratio (DPR) is 22.10%.

Sealed Air Company Profile (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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Earnings History and Estimates for Sealed Air (NYSE:SEE)

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