Gabelli Research Analysts Lift Earnings Estimates for Sealed Air Corporation (SEE)

Sealed Air Corporation (NYSE:SEE) – Equities research analysts at Gabelli boosted their FY2017 earnings per share (EPS) estimates for Sealed Air in a research note issued to investors on Tuesday. Gabelli analyst R. Morbelli now anticipates that the industrial products company will earn $1.78 per share for the year, up from their previous forecast of $1.77.

Sealed Air (NYSE:SEE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.46. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS.

Other research analysts have also issued research reports about the company. Barclays reaffirmed an “equal weight” rating and set a $45.00 target price on shares of Sealed Air in a report on Tuesday, September 19th. Bank of America raised Sealed Air from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a report on Thursday, September 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $45.00 target price on shares of Sealed Air in a report on Wednesday, September 13th. Jefferies Group reaffirmed a “hold” rating and set a $44.00 target price on shares of Sealed Air in a report on Thursday, September 14th. Finally, BidaskClub raised Sealed Air from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $48.83.

Sealed Air (NYSE:SEE) opened at $47.99 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23. The firm has a market capitalization of $8,680.00, a PE ratio of 23.87, a price-to-earnings-growth ratio of 6.62 and a beta of 1.23. Sealed Air has a twelve month low of $41.22 and a twelve month high of $50.62.

Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in shares of Sealed Air during the third quarter worth about $754,000. IFM Investors Pty Ltd bought a new stake in Sealed Air in the 3rd quarter worth approximately $242,000. California Public Employees Retirement System lifted its position in 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 buying an additional 24,705 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Sealed Air in the 3rd quarter worth approximately $2,547,000. Finally, Point72 Asset Management L.P. lifted its position in 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 buying an additional 18,700 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

In other news, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the completion of the transaction, the senior vice president now owns 142,077 shares of the company’s stock, valued at $6,427,563.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now directly owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 30th. Sealed Air’s payout ratio is 61.54%.

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Sealed Air Company Profile

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 (NYSE:SEE)

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