Q3 2017 EPS Estimates for Sealed Air Corporation (SEE) Boosted by KeyCorp

Sealed Air Corporation (NYSE:SEE) – Stock analysts at KeyCorp increased their Q3 2017 earnings per share estimates for shares of Sealed Air Corporation in a report released on Tuesday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will earn $0.49 per share for the quarter, up from their previous forecast of $0.45. KeyCorp also issued estimates for Sealed Air Corporation’s Q4 2017 earnings at $0.56 EPS and FY2018 earnings at $2.17 EPS.

Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01. The firm 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%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. COPYRIGHT VIOLATION WARNING: “Q3 2017 EPS Estimates for Sealed Air Corporation (SEE) Boosted by KeyCorp” was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/2797591/q3-2017-eps-estimates-for-sealed-air-corporation-see-boosted-by-keycorp.html.

Several other analysts have also weighed in on the company. BidaskClub upgraded Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $47.00 price objective on shares of Sealed Air Corporation in a report on Thursday, July 20th. Zacks Investment Research lowered Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Robert W. Baird restated an “outperform” rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $44.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $48.91.

Sealed Air Corporation (NYSE:SEE) opened at 44.85 on Thursday. The firm has a market cap of $8.78 billion, a P/E ratio of 25.78 and a beta of 1.16. Sealed Air Corporation has a 1-year low of $41.74 and a 1-year high of $50.62. The stock’s 50 day moving average price is $44.97 and its 200 day moving average price is $45.23.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is 33.16%.

In related news, insider Jerome A. Peribere bought 6,960 shares of Sealed Air Corporation stock in a transaction dated Friday, May 12th. The stock was acquired at an average cost of $42.97 per share, with a total value of $299,071.20. Following the completion of the acquisition, the insider now directly owns 199,000 shares in the company, valued at approximately $8,551,030. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Emile Z. Chammas bought 3,000 shares of Sealed Air Corporation stock in a transaction dated Tuesday, May 16th. The shares were bought at an average cost of $43.09 per share, with a total value of $129,270.00. Following the completion of the acquisition, the insider now owns 148,077 shares of the company’s stock, valued at $6,380,637.93. The disclosure for this purchase can be found here. Corporate insiders own 0.86% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Sealed Air Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 19,607,516 shares of the industrial products company’s stock valued at $854,496,000 after buying an additional 556,555 shares in the last quarter. BlackRock Inc. increased its stake in shares of Sealed Air Corporation by 3,073.2% in the first quarter. BlackRock Inc. now owns 12,040,099 shares of the industrial products company’s stock valued at $524,706,000 after buying an additional 11,660,671 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of Sealed Air Corporation by 9.0% in the first quarter. Janus Capital Management LLC now owns 10,071,664 shares of the industrial products company’s stock valued at $438,917,000 after buying an additional 834,754 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Sealed Air Corporation by 50.4% in the second quarter. Neuberger Berman Group LLC now owns 3,966,506 shares of the industrial products company’s stock valued at $177,541,000 after buying an additional 1,329,201 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Sealed Air Corporation by 91.6% in the second quarter. Jennison Associates LLC now owns 3,378,121 shares of the industrial products company’s stock valued at $151,205,000 after buying an additional 1,614,619 shares in the last quarter. 91.94% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Sealed Air Corporation (NYSE:SEE)

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