Sealed Air (SEE) Releases FY13 Earnings Guidance
Sealed Air (SEE) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.10-1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24. The company issued revenue guidance of $7.7-7.9 billion, compared to the consensus revenue estimate of $7.75 billion.
Sealed Air (SEE) opened at 19.40 on Tuesday. Sealed Air (SEE) has a 1-year low of $11.51 and a 1-year high of $21.24. The stock’s 50-day moving average is currently $18.6. The company’s market cap is $3.774 billion.
Sealed Air last released its earnings data on Tuesday, February 19th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Sealed Air has set its FY13 guidance at $1.10-1.20 EPS. Analysts expect that Sealed Air (SEE) will post $0.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Wednesday, February 27th.
SEE has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Sealed Air from an underperform rating to a neutral rating in a research note to investors on Friday, February 1st. They now have a $20.00 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a hold rating on shares of Sealed Air in a research note to investors on Tuesday, January 22nd. They now have a $19.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a buy rating on shares of Sealed Air in a research note to investors on Friday, January 18th. They now have a $22.00 price target on the stock, up previously from $20.00.
Six research analysts have rated the stock with a buy rating, one has given an overweight rating, and seven have given a hold rating to the company’s stock. The stock presently has a consensus rating of overweight and an average target price of $19.89.
Sealed Air Corporation (Sealed Air) is a manufacturer of a range of packaging and performance-based materials and equipment systems, which serves a range of food, industrial, medical and consumer applications.
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