Sealed Air Corporation (NYSE:SEE) is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.66 per share.
Looking ahead, the full year income are expected at $ 2.93 per share on the revenues of $ 4777.19 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,725.00 million ~ $ 4,775.00 million, where as bottomline are predicted in a range of $ 2.85 ~ $ 2.95 per share
Click Here For More Historical Outlooks Of Sealed Air Corporation
Previous Quarter Performance
Sealed Air Corporation posted income for the second quarter of $ 0.76 per share, from the revenue of $ 1,151.00 million. Street analysts expected Sealed Air Corporation to report income of $ 0.57 per share on revenue of $ 1090.00 million for the second quarter. The bottom line results beat street analysts by $ 0.19 or 33.33 percent, at the same time, top line results outshined analysts by $ 61.00 million or 5.60 percent.
Stock Performance
Shares of Sealed Air Corporation traded low $ -0.12 or -0.29 percent on Tuesday, reaching $ 40.60 with volume of 1.51 million shares. Sealed Air Corporation has traded high as $ 40.94 and has cracked $ 39.96 on the downward trend
According to the previous trading day, closing price of $ 40.60, representing a 138.69 % increase from the 52 week low of $ 17.06 and a 6.11 % decrease over the 52 week high of $ 43.37.
The company has a market capital of $ 6.32 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by Seaport Global Securities at Neutral rating.
- On 17th September 2020, initiated by UBS Group at Buy rating, with $ 52.00 target price.
Conference Call
Sealed Air Corporation will be hosting a conference call at 10:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sealedair.com
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
