Sealed Air Corp (NYSE:SEE) Expected to Announce Quarterly Sales of $1.30 Billion – Slater Sentinel

Posted: January 5, 2020 at 7:51 am

Analysts forecast that Sealed Air Corp (NYSE:SEE) will post sales of $1.30 billion for the current quarter, according to Zacks. Three analysts have made estimates for Sealed Airs earnings, with the highest sales estimate coming in at $1.30 billion and the lowest estimate coming in at $1.29 billion. Sealed Air reported sales of $1.26 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The business is expected to announce its next quarterly earnings report on Thursday, February 6th.

On average, analysts expect that Sealed Air will report full-year sales of $4.79 billion for the current financial year, with estimates ranging from $4.78 billion to $4.80 billion. For the next financial year, analysts expect that the business will report sales of $5.01 billion, with estimates ranging from $4.91 billion to $5.20 billion. Zacks Investment Researchs sales calculations are an average based on a survey of research analysts that follow Sealed Air.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters consensus estimate of $0.62 by $0.02. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Sealed Air had a net margin of 7.55% and a negative return on equity of 135.60%. The firms quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share.

In other news, CFO James M. Sullivan bought 5,000 shares of the stock in a transaction on Thursday, November 7th. The shares were purchased at an average price of $38.75 per share, for a total transaction of $193,750.00. Following the completion of the purchase, the chief financial officer now directly owns 17,028 shares of the companys stock, valued at approximately $659,835. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Evoke Wealth LLC bought a new stake in shares of Sealed Air in the 3rd quarter valued at approximately $1,469,000. Man Group plc increased its stake in shares of Sealed Air by 91.7% during the 3rd quarter. Man Group plc now owns 125,245 shares of the industrial products companys stock worth $5,199,000 after purchasing an additional 59,911 shares during the last quarter. Michael & Susan Dell Foundation increased its stake in shares of Sealed Air by 28.7% during the 3rd quarter. Michael & Susan Dell Foundation now owns 14,760 shares of the industrial products companys stock worth $613,000 after purchasing an additional 3,294 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Sealed Air during the 3rd quarter valued at $4,082,000. Finally, Voloridge Investment Management LLC increased its holdings in shares of Sealed Air by 391.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 41,538 shares of the industrial products companys stock valued at $1,724,000 after acquiring an additional 33,087 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Shares of NYSE:SEE opened at $38.26 on Friday. The companys fifty day moving average is $38.61 and its two-hundred day moving average is $41.11. The company has a market cap of $5.91 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.31 and a beta of 1.03. Sealed Air has a 12-month low of $34.92 and a 12-month high of $47.13.

About Sealed Air

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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Sealed Air Corp (NYSE:SEE) Expected to Announce Quarterly Sales of $1.30 Billion - Slater Sentinel

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