Sealed Air Corp (NYSE:SEE) – Analysts at SunTrust Banks raised their Q1 2018 earnings estimates for Sealed Air in a research report issued on Tuesday. SunTrust Banks analyst J. Freuchtel now anticipates that the industrial products company will post earnings per share of $0.54 for the quarter, up from their previous estimate of $0.51. SunTrust Banks currently has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Sealed Air’s Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.79 EPS, Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $0.73 EPS, Q3 2019 earnings at $0.80 EPS, Q4 2019 earnings at $0.88 EPS and FY2019 earnings at $3.09 EPS.
Sealed Air (NYSE:SEE) last released its earnings results on Thursday, February 8th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Sealed Air had a net margin of 17.90% and a return on equity of 74.28%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS.
Sealed Air (NYSE:SEE) opened at $41.94 on Wednesday. The stock has a market cap of $7,588.86, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. Sealed Air has a 1-year low of $40.76 and a 1-year high of $49.94. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 21.21.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its stake in Sealed Air by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the industrial products company’s stock valued at $213,000 after buying an additional 70 shares during the last quarter. Sentry Investment Management LLC lifted its stake in Sealed Air by 2.6% in the second quarter. Sentry Investment Management LLC now owns 6,824 shares of the industrial products company’s stock valued at $305,000 after buying an additional 173 shares during the last quarter. Thompson Investment Management Inc. lifted its stake in Sealed Air by 2.5% in the third quarter. Thompson Investment Management Inc. now owns 50,141 shares of the industrial products company’s stock valued at $2,142,000 after buying an additional 1,215 shares during the last quarter. Creative Planning lifted its stake in Sealed Air by 11.6% in the fourth quarter. Creative Planning now owns 12,717 shares of the industrial products company’s stock valued at $627,000 after buying an additional 1,317 shares during the last quarter. Finally, Garner Asset Management Corp lifted its stake in Sealed Air by 8.2% in the third quarter. Garner Asset Management Corp now owns 17,807 shares of the industrial products company’s stock valued at $761,000 after buying an additional 1,350 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.
In related news, CFO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $48.98, for a total transaction of $146,940.00. Following the transaction, the chief financial officer now directly owns 34,797 shares in the company, valued at $1,704,357.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.05% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, March 1st. Sealed Air’s dividend payout ratio (DPR) is presently 15.27%.
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About Sealed Air
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.
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