Press coverage about Sealed Air Corporation (NYSE:SEE) has trended somewhat positive on Thursday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sealed Air Corporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 57 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Iridian Asset Management LLC Decreased Its Stake in Sealed Air Corp (SEE) by $9.23 Million as Stock Price Declined – KL Daily (kldaily.com)
- Agree To Buy Sealed Air Corp At $38, Earn 4.2% Using Options (nasdaq.com)
- 2 CG Stocks Newsbeat =) Sealed Air Corp (NYSE:SEE), Pitney Bowes Inc. (NYSE:PBI) – usstockjournal (usstockjournal.com)
- Sealed Air Corporation (NYSE:SEE) Valuation According To Analysts (ekosvoice.com)
- Capturing Consumers’ Attention: Sealed Air Food Care Offers Best-in-Class Printing and Graphics Services (4-traders.com)
Several research firms have recently issued reports on SEE. BidaskClub raised shares of Sealed Air Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Robert W. Baird reissued an “outperform” rating and issued a $55.00 price objective on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. Royal Bank Of Canada reissued a “hold” rating and issued a $44.00 price objective on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. BMO Capital Markets reissued a “hold” rating and issued a $45.00 price objective on shares of Sealed Air Corporation in a research report on Friday, June 9th. Finally, TheStreet lowered shares of Sealed Air Corporation from a “b” rating to a “c+” rating in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.09.
Sealed Air Corporation (NYSE:SEE) traded down 0.77% during midday trading on Thursday, reaching $44.92. 1,961,993 shares of the company were exchanged. Sealed Air Corporation has a one year low of $41.74 and a one year high of $50.62. The firm’s 50-day moving average is $44.27 and its 200-day moving average is $45.78. The firm has a market cap of $8.80 billion, a P/E ratio of 25.82 and a beta of 1.13.
Sealed Air Corporation (NYSE:SEE) last released its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.03. Sealed Air Corporation had a net margin of 5.48% and a return on equity of 85.72%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts expect that Sealed Air Corporation will post $1.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Wednesday, May 31st. Sealed Air Corporation’s dividend payout ratio is 36.99%.
In other news, CAO William G. Stiehl sold 3,000 shares of Sealed Air Corporation stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $43.43, for a total value of $130,290.00. Following the transaction, the chief accounting officer now owns 37,797 shares of the company’s stock, valued at $1,641,523.71. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jerome A. Peribere purchased 6,960 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was purchased at an average cost of $42.97 per share, for a total transaction of $299,071.20. Following the transaction, the insider now owns 199,000 shares of the company’s stock, valued at $8,551,030. The disclosure for this purchase can be found here. Company insiders own 0.86% of the company’s stock.
About Sealed Air Corporation
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 a range of integrated system solutions.
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