Wall Street analysts predict that Sealed Air Corporation (NYSE:SEE) will announce $0.57 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Sealed Air’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.59. Sealed Air reported earnings of $0.76 per share during the same quarter last year, which indicates a negative year over year growth rate of 25%. The firm is scheduled to report its next earnings report on Thursday, February 8th.

On average, analysts expect that Sealed Air will report full-year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.83. For the next financial year, analysts forecast that the firm will report earnings of $2.39 per share, with EPS estimates ranging from $2.25 to $2.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Sealed Air.

Sealed Air (NYSE:SEE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $0.41 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. SunTrust Banks set a $48.00 price target on shares of Sealed Air and gave the stock a “buy” rating in a report on Sunday, September 10th. Zacks Investment Research raised shares of Sealed Air from a “sell” rating to a “hold” rating in a report on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Sealed Air in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 price objective on shares of Sealed Air in a research note on Thursday, November 9th. Finally, Citigroup lowered shares of Sealed Air from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $52.00 to $47.00 in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Sealed Air presently has a consensus rating of “Hold” and a consensus price target of $48.83.

Sealed Air (NYSE:SEE) traded down $0.41 during trading hours on Friday, hitting $47.58. 3,435,655 shares of the company were exchanged, compared to its average volume of 2,185,308. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34. The company has a market cap of $8,680.19, a PE ratio of 24.06, a PEG ratio of 6.67 and a beta of 1.23. Sealed Air has a 52 week low of $41.22 and a 52 week high of $50.62.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.16 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 1.35%. Sealed Air’s dividend payout ratio (DPR) is presently 12.19%.

In related news, Director Lawrence R. Codey sold 3,500 shares of the company’s stock in a transaction on Monday, September 18th. The shares were 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 directly owns 38,180 shares in the company, valued at $1,638,303.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Emile Z. Chammas sold 6,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the completion of the transaction, the senior vice president now owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new stake in Sealed Air in the third quarter worth $754,000. IFM Investors Pty Ltd bought a new stake in Sealed Air in the third quarter worth $242,000. California Public Employees Retirement System lifted its stake in Sealed Air by 4.7% in the third quarter. California Public Employees Retirement System now owns 550,405 shares of the industrial products company’s stock worth $23,513,000 after purchasing an additional 24,705 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Sealed Air in the third quarter worth $2,547,000. Finally, Point72 Asset Management L.P. lifted its stake in Sealed Air by 46.8% in the third quarter. Point72 Asset Management L.P. now owns 58,700 shares of the industrial products company’s stock worth $2,508,000 after purchasing an additional 18,700 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

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About Sealed Air

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

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