Sealed Air Corporation (NYSE:SEE) – Stock analysts at SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for Sealed Air Corporation in a note issued to investors on Sunday. SunTrust Banks analyst J. Freuchtel now forecasts that the industrial products company will post earnings of $1.77 per share for the year, up from their prior forecast of $1.76. SunTrust Banks has a “Buy” rating and a $48.00 price target on the stock. SunTrust Banks also issued estimates for Sealed Air Corporation’s Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.29 EPS.

Sealed Air Corporation (NYSE:SEE) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Sealed Air Corporation had a return on equity of 67.60% and a net margin of 20.15%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted $0.41 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Sealed Air Corporation to Post FY2017 Earnings of $1.77 Per Share, SunTrust Banks Forecasts (SEE)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/16/sealed-air-corporation-to-post-fy2017-earnings-of-1-77-per-share-suntrust-banks-forecasts-see.html.

SEE has been the subject of several other research reports. Zacks Investment Research downgraded Sealed Air Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Robert W. Baird reiterated a “buy” rating and set a $55.00 price target on shares of Sealed Air Corporation in a research note on Friday, September 1st. BMO Capital Markets reiterated a “hold” rating and set a $47.00 price target on shares of Sealed Air Corporation in a research note on Thursday, July 20th. BidaskClub upgraded Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $44.00 price target on shares of Sealed Air Corporation in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $48.75.

Shares of Sealed Air Corporation (NYSE:SEE) opened at $44.95 on Tuesday. Sealed Air Corporation has a 12-month low of $41.22 and a 12-month high of $50.62. The stock has a market capitalization of $10,372.84, a price-to-earnings ratio of 22.55, a PEG ratio of 6.27 and a beta of 1.21. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Sealed Air Corporation by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,011,046 shares of the industrial products company’s stock valued at $895,695,000 after acquiring an additional 403,530 shares during the last quarter. BlackRock Inc. boosted its position in shares of Sealed Air Corporation by 2.8% during the 2nd quarter. BlackRock Inc. now owns 12,373,821 shares of the industrial products company’s stock valued at $553,853,000 after acquiring an additional 333,722 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Sealed Air Corporation by 46,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 10,600,215 shares of the industrial products company’s stock valued at $474,465,000 after acquiring an additional 10,577,290 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Sealed Air Corporation by 10.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,078,212 shares of the industrial products company’s stock valued at $216,347,000 after acquiring an additional 485,234 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Sealed Air Corporation by 4.7% during the 3rd quarter. Wells Fargo & Company MN now owns 4,387,183 shares of the industrial products company’s stock valued at $187,420,000 after acquiring an additional 195,840 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $42.91, for a total value of $150,185.00. Following the completion of the transaction, the director now owns 38,180 shares in the company, valued at approximately $1,638,303.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.05% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.16 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 1.42%. Sealed Air Corporation’s dividend payout ratio is currently 12.19%.

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.

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

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