Sealed Air (SEE) Receiving Somewhat Positive News Coverage, Study Shows
News stories about Sealed Air (NYSE:SEE) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sealed Air earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.8375834443223 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Investors Purchase High Volume of Sealed Air Call Options (SEE) (americanbankingnews.com)
- Investors can’t just brush off: Sealed Air Corporation (SEE), Fastenal Company (FAST) – Market Movers (financialqz.com)
- Notable Wednesday Option Activity: SEE, PEP, LOW (nasdaq.com)
- Sealed Air Announces Price Increase for Food Care Products in Europe, Middle East and Africa – Business Wire (press release) (businesswire.com)
- Gabelli Research Analysts Lift Earnings Estimates for Sealed Air Corporation (SEE) (americanbankingnews.com)
SEE has been the topic of several research reports. TheStreet upgraded shares of Sealed Air from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. Zacks Investment Research downgraded shares of Sealed Air from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. SunTrust Banks restated a “buy” rating and issued a $49.00 price target on shares of Sealed Air in a research note on Friday, November 17th. Robert W. Baird restated a “buy” rating and issued a $55.00 price target on shares of Sealed Air in a research note on Friday, September 1st. Finally, Jefferies Group restated a “hold” rating and issued a $44.00 price target on shares of Sealed Air in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Sealed Air currently has an average rating of “Hold” and an average target price of $48.83.
Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. research analysts forecast that Sealed Air will post 1.8 earnings per share for the current year.
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 paid a dividend of $0.16 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.34%. Sealed Air’s payout ratio is 12.19%.
In other news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 38,180 shares in the company, valued at approximately $1,638,303.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Emile Z. Chammas sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $45.24, for a total transaction of $271,440.00. Following the completion of the sale, the senior vice president now owns 142,077 shares in the company, valued at $6,427,563.48. The disclosure for this sale can be found here. Corporate insiders own 1.05% 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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