Sealed Air Corp (NYSE:SEE) – Gabelli issued their FY2017 earnings per share (EPS) estimates for shares of Sealed Air Corp in a report issued on Monday. Gabelli analyst R. Morbelli expects that the industrial products company will post earnings of $1.70 per share for the year. Gabelli also issued estimates for Sealed Air Corp’s FY2018 earnings at $2.50 EPS, FY2019 earnings at $2.80 EPS and FY2020 earnings at $3.15 EPS.

Sealed Air Corp (NYSE:SEE) last released its earnings results on Tuesday, May 9th. The industrial products company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.58 billion. Sealed Air Corp had a return on equity of 89.29% and a net margin of 7.02%. Sealed Air Corp’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. ILLEGAL ACTIVITY WARNING: “Sealed Air Corp Expected to Earn FY2017 Earnings of $1.70 Per Share (SEE)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/05/19/sealed-air-corp-expected-to-earn-fy2017-earnings-of-1-70-per-share-see.html.

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

Several other equities analysts have also recently commented on the stock. Goldman Sachs Group Inc cut shares of Sealed Air Corp from a “conviction-buy” rating to a “buy” rating and cut their target price for the company from $53.00 to $50.00 in a research note on Tuesday, April 4th. Zacks Investment Research cut shares of Sealed Air Corp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 14th. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 target price on shares of Sealed Air Corp in a research note on Tuesday, March 21st. BMO Capital Markets reiterated a “hold” rating and set a $45.00 target price (down from $50.00) on shares of Sealed Air Corp in a research note on Tuesday, March 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $45.00 target price on shares of Sealed Air Corp in a research note on Tuesday, April 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Sealed Air Corp presently has an average rating of “Hold” and an average target price of $48.50.

Shares of Sealed Air Corp (NYSE:SEE) opened at 42.94 on Wednesday. Sealed Air Corp has a 52-week low of $41.74 and a 52-week high of $50.62. The stock has a 50 day moving average of $43.64 and a 200 day moving average of $46.10. The company has a market cap of $8.41 billion, a P/E ratio of 24.68 and a beta of 1.27. Sealed Air Corp also was the recipient of some unusual options trading activity on Thursday. Stock traders bought 17,366 call options on the stock. This represents an increase of 1,328% compared to the average daily volume of 1,216 call options.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.49%. Sealed Air Corp’s dividend payout ratio (DPR) is currently 26.56%.

In other news, insider Jerome A. Peribere bought 6,960 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $42.97 per share, for a total transaction of $299,071.20. Following the transaction, the insider now directly owns 199,000 shares of the company’s stock, valued at approximately $8,551,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Emile Z. Chammas bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average price of $43.09 per share, with a total value of $129,270.00. Following the transaction, the insider now directly owns 148,077 shares in the company, valued at $6,380,637.93. The disclosure for this purchase can be found here. Company insiders own 0.86% of the company’s stock.

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Sealed Air Corp during the fourth quarter worth approximately $2,905,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Sealed Air Corp by 19.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,571 shares of the industrial products company’s stock worth $163,000 after buying an additional 578 shares in the last quarter. KCG Holdings Inc. raised its stake in shares of Sealed Air Corp by 15.1% in the third quarter. KCG Holdings Inc. now owns 38,631 shares of the industrial products company’s stock worth $1,770,000 after buying an additional 5,073 shares in the last quarter. Busey Trust CO raised its stake in shares of Sealed Air Corp by 0.4% in the fourth quarter. Busey Trust CO now owns 67,944 shares of the industrial products company’s stock worth $3,081,000 after buying an additional 266 shares in the last quarter. Finally, Permian Investment Partners LP raised its stake in shares of Sealed Air Corp by 46.3% in the third quarter. Permian Investment Partners LP now owns 1,826,771 shares of the industrial products company’s stock worth $83,703,000 after buying an additional 578,113 shares in the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.

Sealed Air Corp Company Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.

5 Day Chart for NYSE:SEE

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