Wall Street analysts predict that Sealed Air Corp (NYSE:SEE) will post $1.17 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Sealed Air’s earnings, with estimates ranging from $1.16 billion to $1.19 billion. Sealed Air posted sales of $1.16 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Sealed Air will report full-year sales of $4.83 billion for the current year, with estimates ranging from $4.74 billion to $4.97 billion. For the next fiscal year, analysts expect that the business will report sales of $5.03 billion, with estimates ranging from $4.74 billion to $5.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Sealed Air.

Sealed Air (NYSE:SEE) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Sealed Air had a negative return on equity of 112.27% and a net margin of 9.57%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year.

A number of research analysts have commented on the company. Robert W. Baird boosted their target price on Sealed Air from $41.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 8th. Zacks Investment Research downgraded Sealed Air from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Vertical Research downgraded Sealed Air from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Royal Bank of Canada boosted their target price on Sealed Air to $43.00 and gave the company a “sector perform” rating in a research note on Friday, February 15th. Finally, Morgan Stanley set a $44.00 price target on Sealed Air and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Sealed Air currently has an average rating of “Hold” and a consensus price target of $43.00.

NYSE SEE traded up $0.31 on Wednesday, reaching $41.70. The stock had a trading volume of 1,138,631 shares, compared to its average volume of 1,280,807. Sealed Air has a 1 year low of $30.22 and a 1 year high of $47.13. The company has a market capitalization of $6.49 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.53%. Sealed Air’s dividend payout ratio (DPR) is presently 25.60%.

In related news, CEO Edward L. Doheny II purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $45.00 per share, for a total transaction of $225,000.00. Following the purchase, the chief executive officer now owns 167,246 shares in the company, valued at approximately $7,526,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MML Investors Services LLC grew its stake in shares of Sealed Air by 3.9% in the 4th quarter. MML Investors Services LLC now owns 8,921 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 333 shares during the period. Piedmont Investment Advisors Inc. grew its holdings in shares of Sealed Air by 3.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,884 shares of the industrial products company’s stock valued at $409,000 after acquiring an additional 333 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Sealed Air by 5.8% in the 4th quarter. Stifel Financial Corp now owns 6,114 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 335 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of Sealed Air by 2.2% in the 4th quarter. Flinton Capital Management LLC now owns 15,736 shares of the industrial products company’s stock valued at $548,000 after acquiring an additional 336 shares in the last quarter. Finally, Neuburgh Advisers LLC grew its holdings in shares of Sealed Air by 2.2% in the 4th quarter. Neuburgh Advisers LLC now owns 19,108 shares of the industrial products company’s stock valued at $666,000 after acquiring an additional 408 shares in the last quarter. Institutional investors own 96.34% of the company’s stock.

About Sealed Air

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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