Sealed Air Corp(NYSE:SEE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.73B. Analysts estimated a revenue of $1.74B. Earnings per share were $0.65. Analysts had estimated an EPS of $0.65.
In a different note, On Jul 15, 2016, Citigroup said it Upgrades its rating on Sealed Air Corp. In the research note, the firm Raises the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 14, 2016, Jefferies said it Maintains its rating on Sealed Air Corp. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Hold’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on Sealed Air Corp, according to a research note issued on Jul 13, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 1, 2016, Goldman Sachs said it Assumes its rating on Sealed Air Corp. The shares have been rated ‘Buy’ by the firm. Goldman Sachs said it Initiates Coverage on Sealed Air Corp, according to a research note issued on May 12, 2016. The shares have been rated ‘Buy’ by the firm.
Sealed Air Corp (SEE) made into the market gainers list on Thursdays trading session with the shares advancing 0.82% or 0.38 points. Due to strong positive momentum, the stock ended at $46.61, which is also near the day’s high of $47.03. The stock began the session at $46.42 and the volume stood at 15,53,592 shares. The 52-week high of the shares is $55.84 and the 52 week low is $38.02. The company has a current market capitalization of $9,168 M and it has 19,67,02,960 shares in outstanding.
Sealed Air Corp has also declared a cash dividend of $0.1600 on Jul 7, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed on Sep 2, 2016. The dividend payable date has been fixed on Sep 16, 2016.
Several Insider Transactions has been reported to the SEC. On Feb 23, 2016, Ruth Roper (Vice President) sold 18,000 shares at $44.08 per share price.Also, On Dec 11, 2015, Kenneth P Manning (director) purchased 4,000 shares at $43.61 per share price.On Aug 4, 2015, Neil Lustig (director) purchased 1,000 shares at $53.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Sealed Air Corporation is engaged in food safety and security facility hygiene and product protection business. The Company’s segments include Food Care which provides integrated system solutions for retailers and food service operators; Diversey Care which provides integrated system solutions for food safety and security under Diversey brand; Product Care which provides product care solutions to meet cushioning void fill positioning or block-and-bracing and surface protection among others and Other which includes corporate medical applications and new ventures businesses. Its brands include Cryovac packaging technology Diversey and Taski brand cleaning and hygiene solutions Bubble Wrap brand cushioning Jiffy protective mailers and Instapak foam-in-place systems. In addition the Company offers I-Pack system which supports various pick stations and e-Cube system which is an automated packaging solution.