$0.50 Earnings Per Share Expected for Sealed Air (SEE) This Quarter

Analysts expect Sealed Air (NYSE:SEE) to report $0.50 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Sealed Air’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.47. Sealed Air posted earnings per share of $0.43 during the same quarter last year, which indicates a positive year-over-year growth rate of 16.3%. The firm is expected to announce its next quarterly earnings results before the market opens on Thursday, May 3rd.

On average, analysts expect that Sealed Air will report full year earnings of $2.42 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.47. For the next financial year, analysts expect that the business will post earnings of $2.70 per share, with EPS estimates ranging from $2.60 to $2.79. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Sealed Air.

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Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Sealed Air had a net margin of 17.90% and a return on equity of 74.28%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company earned $0.50 EPS. Sealed Air’s revenue was up 11.5% compared to the same quarter last year.

Several equities analysts have weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Sealed Air in a report on Friday, February 9th. Vertical Research upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a report on Monday, February 12th. JPMorgan Chase decreased their target price on shares of Sealed Air from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. Zacks Investment Research upgraded shares of Sealed Air from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, April 17th. Finally, Citigroup decreased their target price on shares of Sealed Air from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $50.08.

Several hedge funds have recently modified their holdings of SEE. AMP Capital Investors Ltd lifted its holdings in shares of Sealed Air by 2.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 59,597 shares of the industrial products company’s stock worth $2,546,000 after acquiring an additional 1,600 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in shares of Sealed Air in the 3rd quarter worth approximately $424,000. Point72 Asset Management L.P. lifted its holdings in shares of Sealed Air by 46.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 58,700 shares of the industrial products company’s stock worth $2,508,000 after acquiring an additional 18,700 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Sealed Air by 4.7% in the 3rd quarter. California Public Employees Retirement System now owns 550,405 shares of the industrial products company’s stock worth $23,513,000 after acquiring an additional 24,705 shares during the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in shares of Sealed Air in the 3rd quarter worth approximately $242,000. Hedge funds and other institutional investors own 98.55% of the company’s stock.

NYSE SEE traded up $0.09 during trading hours on Monday, hitting $44.11. 909,712 shares of the company’s stock traded hands, compared to its average volume of 2,274,956. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 21.21. The stock has a market cap of $7,367.85, a PE ratio of 24.37, a P/E/G ratio of 1.61 and a beta of 1.13. Sealed Air has a 52-week low of $40.76 and a 52-week high of $49.94.

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Sealed Air Company Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the 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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