Sealed Air Corporation (SEE) Scheduled to Post Earnings on Wednesday
Sealed Air Corporation (NYSE:SEE) will be posting its quarterly earnings results before the market opens on Wednesday, November 8th. Analysts expect Sealed Air Corporation to post earnings of $0.47 per share for the quarter. Sealed Air Corporation has set its FY17 guidance at $1.75-1.80 EPS.
Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, analysts expect Sealed Air Corporation to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Sealed Air Corporation (SEE) opened at $44.14 on Monday. Sealed Air Corporation has a 1-year low of $41.22 and a 1-year high of $50.62. The company has a current ratio of 1.45, a quick ratio of 1.28 and a debt-to-equity ratio of 11.16. The stock has a market capitalization of $8,387.98, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 6.12 and a beta of 1.21.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio is 33.16%.
In other news, Director Lawrence R. Codey sold 3,500 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $42.91, for a total value of $150,185.00. Following the transaction, the director now owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.05% of the company’s stock.
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Several research firms have issued reports on SEE. BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 price objective on shares of Sealed Air Corporation in a report on Thursday, July 20th. Zacks Investment Research downgraded Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub downgraded Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 price objective on shares of Sealed Air Corporation in a report on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 price objective on shares of Sealed Air Corporation in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.50.
About Sealed Air Corporation
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.
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