Sealed Air Corporation (NYSE:SEE) Earning Positive Press Coverage, Study Shows
Media coverage about Sealed Air Corporation (NYSE:SEE) has been trending positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sealed Air Corporation earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Sealed Air Corporation (SEE) Stake Acquired By Fmr | Insider … – Insider Tradings (insidertradings.org)
- Sealed Air Corporation (NYSE:SEE) reported Beta of 1.17 – The Newburgh Press (newburghpress.com)
- From A Very Different Angle: Hovnanian Enterprises, Inc. (HOV), Sealed Air Corporation (SEE) – AllStockNews (allstocknews.com)
- Brokerages Set Sealed Air Corporation (SEE) PT at $48.90 (cote-ivoire.com)
- Sealed Air Corporation Declares Quarterly Dividend of $0.16 (campdesrecrues.com)
Several research analysts have issued reports on SEE shares. Jefferies Group LLC dropped their price target on Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, May 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $52.00 price target on shares of Sealed Air Corporation in a report on Tuesday, April 11th. Robert W. Baird reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Sealed Air Corporation in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) cut Sealed Air Corporation from a “conviction-buy” rating to a “buy” rating and dropped their price target for the company from $53.00 to $50.00 in a report on Tuesday, April 4th. Finally, Zacks Investment Research raised Sealed Air Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.09.
Shares of Sealed Air Corporation (SEE) traded up 0.56% during mid-day trading on Tuesday, reaching $45.01. 982,425 shares of the company’s stock traded hands. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 25.87 and a beta of 1.17. The company’s 50 day moving average is $44.38 and its 200-day moving average is $45.68. Sealed Air Corporation has a 52 week low of $41.74 and a 52 week high of $50.62.
Sealed Air Corporation (NYSE:SEE) last posted its earnings results on Tuesday, May 9th. The industrial products company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.58 billion. Sealed Air Corporation had a return on equity of 85.72% and a net margin of 5.48%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. Equities analysts expect that Sealed Air Corporation will post $1.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.64 annualized dividend and a yield of 1.42%. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 36.99%.
In related news, CAO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $43.43, for a total transaction of $130,290.00. Following the sale, the chief accounting officer now directly owns 37,797 shares in the company, valued at $1,641,523.71. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jerome A. Peribere acquired 6,960 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average price of $42.97 per share, for a total transaction of $299,071.20. Following the completion of the acquisition, the insider now owns 199,000 shares of the company’s stock, valued at $8,551,030. The disclosure for this purchase can be found here. Company insiders own 0.86% of the company’s stock.
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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, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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