FY2020 EPS Estimates for Sealed Air Corp (NYSE:SEE) Raised by Analyst

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Sealed Air Corp (NYSE:SEE) – Analysts at KeyCorp boosted their FY2020 earnings estimates for shares of Sealed Air in a research report issued on Tuesday, February 11th. KeyCorp analyst A. Josephson now anticipates that the industrial products company will post earnings per share of $2.90 for the year, up from their prior estimate of $2.82. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Sealed Air’s FY2021 earnings at $2.90 EPS.

Several other brokerages have also commented on SEE. ValuEngine raised Sealed Air from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $50.00 price target on shares of Sealed Air in a research note on Wednesday. Bank of America raised Sealed Air from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, December 19th. Cfra raised Sealed Air from a “sell” rating to a “hold” rating and set a $36.00 price target on the stock in a research note on Wednesday. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Sealed Air in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.50.

Shares of SEE stock opened at $34.77 on Friday. The stock’s fifty day simple moving average is $37.81 and its 200 day simple moving average is $39.90. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.25 and a beta of 1.04. Sealed Air has a one year low of $34.27 and a one year high of $47.13.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, February 11th. The industrial products company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.04. Sealed Air had a negative return on equity of 135.60% and a net margin of 7.55%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm earned $0.75 EPS. Sealed Air’s revenue for the quarter was up 3.1% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently modified their holdings of SEE. Oppenheimer Asset Management Inc. raised its position in shares of Sealed Air by 1.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 17,422 shares of the industrial products company’s stock worth $723,000 after acquiring an additional 287 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Sealed Air by 9.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,838 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 322 shares during the last quarter. Zeke Capital Advisors LLC raised its position in shares of Sealed Air by 7.1% during the third quarter. Zeke Capital Advisors LLC now owns 5,040 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 335 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of Sealed Air by 6.0% during the third quarter. First Mercantile Trust Co. now owns 8,311 shares of the industrial products company’s stock worth $345,000 after acquiring an additional 470 shares during the last quarter. Finally, World Asset Management Inc raised its position in shares of Sealed Air by 4.2% during the third quarter. World Asset Management Inc now owns 11,650 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 471 shares during the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.

In other Sealed Air news, Director Patrick Duff acquired 15,000 shares of the business’s stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $35.00 per share, for a total transaction of $525,000.00. Following the transaction, the director now owns 106,625 shares in the company, valued at approximately $3,731,875. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.84%. Sealed Air’s dividend payout ratio is 25.60%.

Sealed Air Company Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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

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