Sealed Air (SEE) Scheduled to Post Earnings on Thursday

Sealed Air (NYSE:SEE - Get Free Report) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.66 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 - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.19. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.31 billion. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. The company's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 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.

Sealed Air Price Performance

Sealed Air stock traded down $0.38 during trading hours on Thursday, hitting $36.20. 1,250,723 shares of the stock were exchanged, compared to its average volume of 1,511,597. Sealed Air has a 12 month low of $29.92 and a 12 month high of $41.14. The business's 50-day moving average is $35.17 and its two-hundred day moving average is $35.48. The stock has a market capitalization of $5.27 billion, a P/E ratio of 14.60, a P/E/G ratio of 9.13 and a beta of 1.34. The company has a debt-to-equity ratio of 6.81, a quick ratio of 0.79 and a current ratio of 1.30.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.21%. Sealed Air's dividend payout ratio is 32.26%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SEE. Jefferies Financial Group cut shares of Sealed Air from a "buy" rating to a "hold" rating and reduced their price target for the stock from $47.00 to $35.00 in a research report on Friday, August 9th. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, August 9th. Wells Fargo & Company raised their price objective on shares of Sealed Air from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, August 9th. Stifel Nicolaus started coverage on shares of Sealed Air in a report on Tuesday, July 9th. They set a "buy" rating and a $47.00 price objective on the stock. Finally, Citigroup dropped their price objective on shares of Sealed Air from $44.00 to $43.00 and set a "buy" rating on the stock in a report on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.