Sealed Air Corporation (NYSE:SEE) – Research analysts at KeyCorp decreased their Q4 2017 earnings per share (EPS) estimates for shares of Sealed Air Corporation in a note issued to investors on Monday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will earn $0.54 per share for the quarter, down from their previous forecast of $0.56. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Sealed Air Corporation’s FY2018 earnings at $2.12 EPS.

Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. Sealed Air Corporation’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share.

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A number of other brokerages have also recently weighed in on SEE. Zacks Investment Research cut shares of Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Citigroup Inc. lowered shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $52.00 to $47.00 in a report on Thursday, September 7th. BidaskClub cut shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BMO Capital Markets restated a “hold” rating and issued a $47.00 price objective on shares of Sealed Air Corporation in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $44.00 price objective on shares of Sealed Air Corporation in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Sealed Air Corporation presently has a consensus rating of “Hold” and a consensus price target of $48.33.

Shares of Sealed Air Corporation (NYSE SEE) traded up 0.50% during midday trading on Tuesday, hitting $43.96. 147,490 shares of the stock were exchanged. The firm has a market cap of $8.35 billion, a P/E ratio of 22.72 and a beta of 1.17. The stock’s 50 day moving average is $43.73 and its 200 day moving average is $44.22. Sealed Air Corporation has a 12-month low of $41.22 and a 12-month high of $50.62.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is 33.16%.

In other news, Director Lawrence R. Codey sold 3,500 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $42.91, for a total value of $150,185.00. Following the sale, the director now directly owns 38,180 shares in the company, valued at $1,638,303.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.05% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Bridgewater Associates LP bought a new position in shares of Sealed Air Corporation during the first quarter worth about $1,230,000. Legal & General Group Plc raised its position in Sealed Air Corporation by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 949,170 shares of the industrial products company’s stock valued at $42,485,000 after buying an additional 50,305 shares during the last quarter. Morgan Stanley raised its position in Sealed Air Corporation by 47.7% in the 1st quarter. Morgan Stanley now owns 571,285 shares of the industrial products company’s stock valued at $24,896,000 after buying an additional 184,503 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Sealed Air Corporation by 20.4% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,479 shares of the industrial products company’s stock valued at $2,259,000 after buying an additional 8,547 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Sealed Air Corporation by 73.5% in the 1st quarter. Victory Capital Management Inc. now owns 34,786 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 14,731 shares during the last quarter. 92.12% of the stock is owned by institutional investors.

About Sealed Air Corporation

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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