FY2017 Earnings Estimate for Sealed Air Corporation Issued By KeyCorp (SEE)

Sealed Air Corporation (NYSE:SEE) – Equities research analysts at KeyCorp lifted their FY2017 earnings estimates for Sealed Air Corporation in a research note issued on Wednesday. KeyCorp analyst A. Josephson now forecasts that the industrial products company will earn $1.83 per share for the year, up from their previous forecast of $1.80. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Sealed Air Corporation’s Q4 2017 earnings at $0.58 EPS and FY2018 earnings at $2.33 EPS.

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

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Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Barclays PLC reiterated an “equal weight” rating and issued a $45.00 target price on shares of Sealed Air Corporation in a report on Tuesday, September 19th. BidaskClub cut Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 target price on shares of Sealed Air Corporation in a report on Thursday, July 20th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $45.00 target price on shares of Sealed Air Corporation in a report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $48.75.

Shares of Sealed Air Corporation (NYSE:SEE) opened at $45.10 on Monday. Sealed Air Corporation has a 1-year low of $41.22 and a 1-year high of $50.62. The firm has a market capitalization of $10,380.00, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 6.17 and a beta of 1.21. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st 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 1.42%. The ex-dividend date is Thursday, November 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is currently 61.54%.

In related news, Director Lawrence R. Codey sold 3,500 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $42.91, for a total transaction of $150,185.00. Following the completion of the sale, the director now directly owns 38,180 shares in the company, valued at approximately $1,638,303.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.05% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Alps Advisors Inc. increased its position in Sealed Air Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,524 shares of the industrial products company’s stock valued at $471,000 after buying an additional 27 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Sealed Air Corporation by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock valued at $213,000 after buying an additional 70 shares in the last quarter. Ray Gerald L & Associates Ltd. increased its position in Sealed Air Corporation by 1.2% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 9,513 shares of the industrial products company’s stock valued at $426,000 after buying an additional 113 shares in the last quarter. ING Groep NV increased its position in Sealed Air Corporation by 1.4% during the 2nd quarter. ING Groep NV now owns 10,022 shares of the industrial products company’s stock valued at $449,000 after buying an additional 137 shares in the last quarter. Finally, Sentry Investment Management LLC increased its position in Sealed Air Corporation by 2.6% during the 2nd quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company’s stock valued at $305,000 after buying an additional 173 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors.

Sealed Air Corporation Company Profile

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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