Sealed Air (SEE) Set to Announce Quarterly Earnings on Wednesday – Riverton Roll

Posted: October 30, 2019 at 7:43 am

Sealed Air (NYSE:SEE) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Sealed Air has set its FY 2019 guidance at $2.70-2.80 EPS and its FY19 guidance at $2.70-2.80 EPS.Parties interested in participating in the companys conference call can do so using this link.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $0.80 earnings per share for the quarter, beating analysts consensus estimates of $0.64 by $0.16. Sealed Air had a negative return on equity of 121.14% and a net margin of 7.84%. The business had revenue of $1.16 billion for the quarter, compared to analysts expectations of $1.17 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The firms revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect Sealed Air to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SEE opened at $42.00 on Wednesday. Sealed Air has a 1-year low of $31.29 and a 1-year high of $47.13. The stocks fifty day simple moving average is $41.15 and its 200 day simple moving average is $42.72. The stock has a market cap of $6.47 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, December 5th. Sealed Airs dividend payout ratio (DPR) is presently 25.60%.

Several research analysts have weighed in on the company. Citigroup lowered their price objective on Sealed Air from $45.00 to $42.00 and set a neutral rating on the stock in a research report on Thursday, October 17th. ValuEngine cut Sealed Air from a sell rating to a strong sell rating in a research report on Thursday, October 10th. Wells Fargo & Co increased their price objective on Sealed Air from $42.00 to $43.00 and gave the stock a market perform rating in a research report on Tuesday, August 6th. Finally, KeyCorp reiterated a sell rating and set a $39.00 price objective on shares of Sealed Air in a research report on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the companys stock. The company currently has an average rating of Hold and a consensus price target of $43.46.

Sealed Air Company Profile

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 (SEE) Set to Announce Quarterly Earnings on Wednesday - Riverton Roll

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