Equities analysts expect Sealed Air Co. (NYSE:SEE) to post earnings of $0.80 per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Sealed Air’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.77. Sealed Air reported earnings per share of $0.76 during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The business is expected to report its next earnings results before the market opens on Tuesday, August 3rd.
On average, analysts expect that Sealed Air will report full-year earnings of $3.51 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.58. For the next year, analysts forecast that the business will post earnings of $3.89 per share, with EPS estimates ranging from $3.71 to $4.10. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Sealed Air.
Sealed Air (NYSE:SEE) last released its quarterly earnings results on Monday, May 3rd. The industrial products company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.08. Sealed Air had a return on equity of 887.96% and a net margin of 9.73%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. Sealed Air’s quarterly revenue was up 7.9% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of SEE. Berman Capital Advisors LLC boosted its position in Sealed Air by 81.7% during the fourth quarter. Berman Capital Advisors LLC now owns 596 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 268 shares during the period. Vantage Consulting Group Inc bought a new position in Sealed Air during the fourth quarter worth about $40,000. Arlington Partners LLC bought a new position in Sealed Air during the first quarter worth about $65,000. Sentry Investment Management LLC bought a new position in Sealed Air during the first quarter worth about $68,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Sealed Air by 740.0% in the first quarter. International Assets Investment Management LLC now owns 2,100 shares of the industrial products company’s stock worth $96,000 after buying an additional 1,850 shares in the last quarter. Institutional investors own 89.57% of the company’s stock.
Shares of NYSE:SEE traded down $0.06 during trading on Thursday, hitting $54.48. The stock had a trading volume of 18,864 shares, compared to its average volume of 1,092,847. The business’s 50-day moving average price is $57.42. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 36.55. The firm has a market capitalization of $8.28 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.78 and a beta of 1.26. Sealed Air has a 12-month low of $34.59 and a 12-month high of $59.70.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 17th. Investors of record on Friday, September 3rd will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.47%. Sealed Air’s payout ratio is currently 25.08%.
Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and shelf life extension, automate processes, and optimize total cost for perishable food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
Further Reading: What are some reasons analysts would give stocks a buy rating?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sealed Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air and related companies with MarketBeat.com's FREE daily email newsletter.