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 https://www.chaffeybreeze.com/2017/08/09/meyer-handelman-co-has-3015000-stake-in-sealed-air-corporation-see-updated-updated.html. 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.