Brokerages expect Sealed Air Corp (NYSE:SEE) to report $1.19 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sealed Air’s earnings, with estimates ranging from $1.17 billion to $1.21 billion. Sealed Air posted sales of $1.74 billion during the same quarter last year, which would indicate a negative year over year growth rate of 31.6%. The company is scheduled to issue its next quarterly earnings report before the market opens on Thursday, February 8th.

On average, analysts expect that Sealed Air will report full-year sales of $1.19 billion for the current fiscal year, with estimates ranging from $4.40 billion to $4.44 billion. For the next year, analysts expect that the firm will post sales of $4.66 billion per share, with estimates ranging from $4.54 billion to $4.78 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Sealed Air.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. Sealed Air had a return on equity of 67.60% and a net margin of 20.15%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year.

SEE has been the subject of several research analyst reports. Royal Bank of Canada reissued a “hold” rating and set a $47.00 price objective on shares of Sealed Air in a research report on Thursday, November 9th. Bank of America set a $50.00 price objective on Sealed Air and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research cut Sealed Air from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Barclays raised Sealed Air from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $46.00 to $53.00 in a research report on Friday, December 15th. Finally, SunTrust Banks reissued a “buy” rating and set a $49.00 price objective on shares of Sealed Air in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.42.

In related news, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.24, for a total transaction of $271,440.00. Following the transaction, the senior vice president now directly owns 142,077 shares in the company, valued at $6,427,563.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William G. Stiehl sold 3,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.98, for a total value of $146,940.00. Following the transaction, the chief financial officer now owns 34,797 shares in the company, valued at $1,704,357.06. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in Sealed Air by 64.1% during the fourth quarter. State of Alaska Department of Revenue now owns 34,217 shares of the industrial products company’s stock valued at $1,685,000 after acquiring an additional 13,360 shares during the period. Acadian Asset Management LLC increased its stake in Sealed Air by 3,141,200.0% during the fourth quarter. Acadian Asset Management LLC now owns 31,413 shares of the industrial products company’s stock valued at $1,548,000 after acquiring an additional 31,412 shares during the period. Creative Planning increased its stake in Sealed Air by 11.6% during the fourth quarter. Creative Planning now owns 12,717 shares of the industrial products company’s stock valued at $627,000 after acquiring an additional 1,317 shares during the period. CWM LLC increased its stake in Sealed Air by 57,512.7% during the fourth quarter. CWM LLC now owns 63,374 shares of the industrial products company’s stock valued at $3,124,000 after acquiring an additional 63,264 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Sealed Air by 8.1% during the third quarter. Parametric Portfolio Associates LLC now owns 338,547 shares of the industrial products company’s stock valued at $14,463,000 after acquiring an additional 25,325 shares during the period. Hedge funds and other institutional investors own 92.60% of the company’s stock.

Sealed Air (SEE) opened at $48.97 on Tuesday. Sealed Air has a 12-month low of $41.22 and a 12-month high of $50.62. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.34 and a current ratio of 1.70. The firm has a market capitalization of $8,830.00, a PE ratio of 47.09, a P/E/G ratio of 5.11 and a beta of 1.24.

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About Sealed Air

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.

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