Sealed Air Corp (NYSE:SEE) – Stock analysts at Jefferies Financial Group issued their Q1 2020 earnings per share (EPS) estimates for shares of Sealed Air in a report issued on Tuesday, February 11th. Jefferies Financial Group analyst D. Rizzo forecasts that the industrial products company will post earnings per share of $0.62 for the quarter. Jefferies Financial Group also issued estimates for Sealed Air’s Q2 2020 earnings at $0.80 EPS, Q3 2020 earnings at $0.72 EPS, Q4 2020 earnings at $0.81 EPS, FY2021 earnings at $3.25 EPS and FY2022 earnings at $3.50 EPS.
Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, February 11th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.04. Sealed Air had a net margin of 7.55% and a negative return on equity of 135.60%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis.
Other equities analysts also recently issued research reports about the stock. Wells Fargo & Co reissued a “hold” rating on shares of Sealed Air in a research note on Monday, December 9th. ValuEngine raised shares of Sealed Air from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Robert W. Baird reiterated a “buy” rating and issued a $50.00 price target on shares of Sealed Air in a report on Wednesday. Citigroup reduced their price target on Sealed Air from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $43.50.
NYSE:SEE opened at $34.40 on Friday. The firm has a 50 day simple moving average of $37.92 and a 200-day simple moving average of $39.95. The firm has a market cap of $5.59 billion, a PE ratio of 14.96, a P/E/G ratio of 1.25 and a beta of 1.04. Sealed Air has a 1-year low of $34.35 and a 1-year high of $47.13.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.86%. Sealed Air’s dividend payout ratio is currently 25.60%.
Several hedge funds have recently made changes to their positions in SEE. Kwmg LLC lifted its stake in Sealed Air by 2.6% in the 4th quarter. Kwmg LLC now owns 61,935 shares of the industrial products company’s stock worth $2,467,000 after acquiring an additional 1,541 shares in the last quarter. State Street Corp grew its holdings in shares of Sealed Air by 0.8% in the third quarter. State Street Corp now owns 7,060,158 shares of the industrial products company’s stock valued at $293,067,000 after acquiring an additional 57,933 shares in the last quarter. Andra AP fonden increased its position in shares of Sealed Air by 27.8% during the third quarter. Andra AP fonden now owns 89,700 shares of the industrial products company’s stock valued at $3,723,000 after acquiring an additional 19,500 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Sealed Air during the third quarter valued at approximately $1,919,000. Finally, CWM Advisors LLC lifted its holdings in Sealed Air by 12.7% during the fourth quarter. CWM Advisors LLC now owns 13,640 shares of the industrial products company’s stock worth $543,000 after acquiring an additional 1,541 shares during the period. Institutional investors and hedge funds own 94.01% of the company’s stock.
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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