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Main » Brokers Set Expectations for Sealed Air Corp's Q2 2017 Earnings

Brokers Set Expectations for Sealed Air Corp's Q2 2017 Earnings

19 May 2017

Insider Trades for Sealed Air Corporation show that the latest trade was made on 13 Mar 2017 where Peribere (Jerome A), the Chief Executive Officer completed a transaction type "Buy" in which 40399 shares were traded at a price of $0.

Among 5 analysts covering Gerdau (NYSE:GGB), 3 have Buy rating, 2 Sell and 0 Hold. Royal Bank of Canada's target price would indicate a potential upside of 20.96% from the stock's current price.

In addition to Credit Suisse reporting its stock price target, a total of 11 brokers have issued a research note on the company. Jefferies Group LLC reduced their price objective on shares of Sealed Air Corp to $45.00 in a research note on Friday, February 10th. BMO Capital Markets restated a "hold" rating and issued a $45.00 price target (down from $50.00) on shares of Sealed Air Corp in a research report on Tuesday, March 28th. KeyCorp reaffirmed a "hold" rating on shares of Sealed Air Corp in a research report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. They now have a United States dollars 44 price target on the stock.

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Sealed Air Corp (NYSE:SEE) last announced its quarterly earnings results on Tuesday, May 9th. The company had a trading volume of 1,247,331 shares. The company has a 50 day moving average price of $44.02 and a 200-day moving average price of $46.18. Sealed Air Corporation (SEE) 52 week low value is at $41.72 and its current distance from 52 week low value is 3.04%. The company has market cap of $8.52 billion.

Shares of Sealed Air Corp (NYSE:SEE) opened at 43.13 on Wednesday.

Analysts expect Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) to report $0.00 EPS on June, 15. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.58 billion. Sealed Air Corp had a return on equity of 89.29% and a net margin of 7.02%.

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If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, SEE earned gross profit of 2.69 Billion, in 2015 2.59 Billion gross profit, while in 2016 Sealed Air Corporation (SEE) produced 2.53 Billion profit.

Investment analysts at SunTrust Banks reduced their Q2 2017 earnings per share estimates for shares of Sealed Air Corp in a note issued to investors on Wednesday.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of US & global copyright law. The legal version of this report can be accessed at [[permalink]]. The stock was acquired at an average cost of $43.09 per share, for a total transaction of $129,270.00. Can now owns 180,063 shares of the industrial products company's stock worth $8,246,000 after buying an additional 7,128 shares during the last quarter. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. The company has Beta Value of 1.13 and ATR value of 0.96.

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A number of institutional investors have recently modified their holdings of SEE. Equities analysts predict that Sealed Air Corp will post $1.80 EPS for the current year. During the same quarter a year ago, the business earned $0.50 EPS. Conning Inc. raised its position in shares of Sealed Air Corp by 5.6% in the third quarter. Global X Management Co. Finally, CENTRAL TRUST Co increased its position in shares of Sealed Air Corp by 0.8% in the first quarter. World Asset Management Inc now owns 19,561 shares of the industrial products company's stock worth $896,000 after buying an additional 294 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in shares of Sealed Air Corp during the first quarter valued at approximately $109,000.