Sealed Air (NYSE:SEE) is set to announce its 6/30/2019 earnings results before the market opens on Friday, August 2nd. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Sealed Air (NYSE:SEE) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Sealed Air had a net margin of 9.57% and a negative return on equity of 112.27%. Sealed Air’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, analysts expect Sealed Air to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Sealed Air stock opened at $41.79 on Thursday. The company has a 50-day simple moving average of $43.32. The company has a market capitalization of $6.54 billion, a PE ratio of 16.72, a PEG ratio of 1.84 and a beta of 1.12. Sealed Air has a 52-week low of $30.22 and a 52-week high of $47.13.
A number of equities research analysts have recently issued reports on SEE shares. Zacks Investment Research cut shares of Sealed Air from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Bank of America downgraded Sealed Air from a “buy” rating to a “neutral” rating and set a $41.63 price target for the company. in a research note on Friday, June 21st. KeyCorp downgraded Sealed Air from a “sector weight” rating to an “underweight” rating and set a $39.00 price target for the company. in a research note on Monday, July 15th. Finally, Morgan Stanley set a $44.00 price target on Sealed Air and gave the company a “hold” rating in a research note on Wednesday, April 17th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.66.
In related news, CEO Edward L. Doheny II purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $45.00 per share, with a total value of $225,000.00. Following the completion of the purchase, the chief executive officer now directly owns 167,246 shares in the company, valued at $7,526,070. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by insiders.
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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