Sealed Air Corporation (NYSE:SEE) Releases FY17 Earnings Guidance


On average, analysts expect that Sealed Air Corporation will post $1.79 earnings per share for the current year. The company is expected to report EPS as high as $0.52 and as low as $0.43 per share. Tower Bridge Advisors' holdings in Sealed Air Corporation were worth $324,000 as of its most recent SEC filing. Bank of New York Mellon Corp raised its position in Sealed Air Corporation by 1.3% in the first quarter. News about a company's financial status, products, or plans, whether positive or negative, will typically result in a temporary increase in the trade volume of its stock. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company's stock worth $167,000 after buying an additional 30 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Sealed Air Corporation by 19.3% in the fourth quarter. Eqis Capital Management Inc. now owns 13,398 shares of the industrial products company's stock worth $584,000 after buying an additional 40 shares during the period. Finally, CENTRAL TRUST Co increased its stake in shares of Sealed Air Corporation by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 63,698 shares of the industrial products company's stock valued at $2,775,000 after buying an additional 900 shares in the last quarter.

Shares of Sealed Air Corporation (SEE) opened at 44.85 on Thursday. This change led market cap to move at $8.77B, putting the price -11.10% below the 52-week high and 7.81% above the 52-week low.

Shares last traded at $45.00 just below the 50 day moving average which is $45.02 and slightly below the 200 day moving average of $45.33.

Sealed Air Corporation (NYSE:SEE) shares saw a recent bid of $45.00 and 4.42M shares have exchanged hands in the recent trading session, yielding a 3.35% gain over the past week.SEE price increased 2.60% or $-1.14 versus $43.86 at the end of the prior session. As of the last earnings report the EPS was $1.74 and is expected to be $1.79 for the current year with 195,812,000 shares outstanding. The company issued revenue guidance of $4.3 billion, compared to the consensus revenue estimate of $4.33 billion. On the other side, sales forecasts for the current quarter are $1.1 Billion. During the same period in the previous year, the business posted $0.65 EPS. Sealed Air Corporation had 28 analyst reports since August 4, 2015 according to SRatingsIntel.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.16 dividend.

The stock, after recent close, is 0.2999% above their SMA 50 and 0.2600% from SMA20 and is -1.429% above than SMA200. The ex-dividend date has been established as Wednesday the 31st of May 2017. Sealed Air Corporation's dividend payout ratio (DPR) is presently 36.99%.

TRADEMARK VIOLATION NOTICE: "Sealed Air Corporation (SEE) Position Maintained by Meyer Handelman Co." was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright and trademark laws. The legal version of this news story can be read at For now, SEE is the toast of Wall Street as its ABR stands at 2.30 with 3 out of 15 analysts rating the stock a buy. Finally, Royal Bank Of Canada reaffirmed a "hold" rating and set a $44.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th.

October 17 investment analysts at Citigroup held the company rating at "Buy" but raised the price target from $52.00 to $55.00.

On July 15 the stock rating was upgraded from "Neutral" to "Hold" and a price target of $52.00 was set by Citigroup.

Among 6 analysts covering Ardelyx Inc (NASDAQ:ARDX), 6 have Buy rating, 0 Sell and 0 Hold. On July 14 Jefferies kept the stock rating at "Hold" but moved up the price target to $52.00 from $42.00.

In other Sealed Air Corporation news, insider Jerome A. Peribere bought 6,960 shares of the company's stock in a transaction that occurred on Friday, May 12th. Following the transaction, the insider now owns 199,000 shares in the company, valued at $8,551,030. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO William G. Stiehl sold 3,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of $43.09 per share, with a total value of $129,270.00. Following the completion of the transaction, the chief accounting officer now directly owns 37,797 shares in the company, valued at $1,641,523.71. The disclosure for this sale can be found here. Institutional investors and hedge funds own 91.94% of the company's stock.



Related Posts

Madame Tussauds announces plans for waxwork of Prime Minister Theresa May
The head, crafted by principal sculptor Stephen Mansfield, has been dubbed "Theresa Clay" by staff at the famous attraction. The moulding process takes approximately 170 hours before hair is inserted and colourists add the finishing touches.

New India Assurance IPO may see valuation of Rs 70000 crore
Prior to it, the national reinsurer, GIC Re had filed DRHP for public listing before the capital markets regulator Sebi on Monday. Other names include HDFC Standard Life Insurance Co , ICICI Lombard General Insurance Co and Reliance General Insurance Co .

Nustar Energy LP (NYSE:NS) Stake Held by Camelot Portfolios LLC
Nustar GP Holdings has an average rating of Hold and an average target price of $28.33. ( NYSE NS ) opened at 41.44 on Thursday. The pipeline company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.03.

Who scored your club's first Premier League goal?
"He had a scan two days ago and is out for a while". "Because the football decisions will be made by technological analysis". The realistic aim for the season has to be to try and retain the Premier League, which would represent another great season.

Justice is served as new Judge Dredd figure preorders are now open
Despite the hefty price tag of $799.99, there is a 15% discount available for customers who pay in full or opt into a payment plan.

The city of Los Angeles even held a ceremony for the legendary actor during which a real-life Bat Signal was lit up on City Hall. A Blu-ray and DVD release date of October 17 was reported for the film, but has not been confirmed by Warner Bros.

3 Secrets of Innovation Development by Max Polyakov
Also, the investor should never forget that even the biggest amount of invested resources doesn’t guarantee a success. One of the recent examples is the mass closing of brick-and-mortar shops in the USA because of Amazon’s popularity.

Asian stocks mostly lower on growing unease over North Korea
Eight of the 11 major S&P sectors were lower, with the consumer discretionary index's 0.59 percent fall leading the decliners. ENERGY: Benchmark U.S. crude gained 1 cent to $49.57 a barrel in electronic trading on the New York Mercantile Exchange.

Why Gambling Is Better than Sports Betting
Additionally, they can use these versions to practice various strategies to see which one will earn them the best winning chances. These versions give the gambler a chance to sift through the games to find the best one that resonates with their style.

Kids can learn to code Xbox and PC games at Microsoft stores
The Sydney classroom is open for registration , with classes running from Monday September 25 to October 1. Xbox Academy students will be able to save their games for further development on their own time.

© 2015 ExpressNewsline. All Rights reserved.