Sealed Air Corp. (NYSE:SEE) announced a quarterly dividend on Thursday, October 6th. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.16 per share on Friday, December 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.42%.
Shares of Sealed Air Corp. (NYSE:SEE) opened at 45.22 on Friday. The firm has a market capitalization of $8.89 billion, a PE ratio of 25.78 and a beta of 1.22. The stock’s 50 day moving average price is $46.46 and its 200-day moving average price is $47.38. Sealed Air Corp. has a 12 month low of $38.02 and a 12 month high of $52.83.
Sealed Air Corp. (NYSE:SEE) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.74 billion. Sealed Air Corp. had a return on equity of 98.51% and a net margin of 5.16%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. On average, equities analysts anticipate that Sealed Air Corp. will post $2.59 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on SEE. Zacks Investment Research downgraded Sealed Air Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Robert W. Baird reaffirmed an “outperform” rating on shares of Sealed Air Corp. in a research report on Sunday, September 25th. JPMorgan Chase & Co. began coverage on Sealed Air Corp. in a research report on Tuesday, September 13th. They issued a “neutral” rating and a $53.00 price target on the stock. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $59.00 price target on shares of Sealed Air Corp. in a research report on Thursday, September 8th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $50.00 price target on shares of Sealed Air Corp. in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $53.42.
A number of large investors have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec increased its stake in Sealed Air Corp. by 0.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 36,144 shares of the company’s stock worth $1,662,000 after buying an additional 100 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Sealed Air Corp. by 22.2% in the second quarter. Point72 Asset Management L.P. now owns 100,000 shares of the company’s stock worth $4,597,000 after buying an additional 18,200 shares during the last quarter. AHL Partners LLP increased its stake in Sealed Air Corp. by 30.2% in the second quarter. AHL Partners LLP now owns 45,799 shares of the company’s stock worth $2,105,000 after buying an additional 10,621 shares during the last quarter. Jane Street Group LLC bought a new stake in Sealed Air Corp. during the second quarter worth $314,000. Finally, Cubist Systematic Strategies LLC increased its stake in Sealed Air Corp. by 27.4% in the second quarter. Cubist Systematic Strategies LLC now owns 26,668 shares of the company’s stock worth $1,226,000 after buying an additional 5,731 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.
Sealed Air Corp. Company Profile
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 processors, retailers and food service operators a range of integrated system solutions.
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