There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Sealed Air Corporation (SEE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.14%, to $35.16. The Sealed Air Corporation has recorded 486,291 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Sustainability Awards 2023 Finalist Interview: SEE’s TempGuard Insulated Bag.
As a NYSE listed company, SEE falls under the Consumer Cyclical sector while operating within the Packaging & Containers industry segment. At the end of the last regular session, the stock closed at $35.11 and fluctuated between $35.65 as its day high and $34.89 as its day low. The current market capitalization of Sealed Air Corporation is $5.11B. A total of 3.08 million shares were traded on the day, compared to an average of 1.91M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SEE has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 890 shares. Over the last 12 months, there were 33 BUYs and 52 SELLs from insiders. Insiders purchased 543,707 shares during that period but sold 327,943.
In the most recent transaction, Doheny Edward L II bought 10,000 shares of SEE for 33.85 per share on Sep 08. After the transaction, the President and CEO now owns 658,360 company shares. In a previous transaction on Nov 04, Whitaker Jerry R. bought 500 shares at 43.56 per share. SEE shares that Director owns now total 10,521.
Among the insiders who bought shares, Ahmad Zubaid acquired of 1,200 shares on Nov 03 at a per-share price of $42.12. This resulted in the Director holding 1,200 shares of SEE after the transaction. In another insider transaction, Pupkin Sergio A bought 1,000 shares at $44.33 per share on Nov 02. Company shares held by the Senior Vice President now total 46,748.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Sealed Air Corporation pays an annual dividend of $0.80, resulting in a dividend yield of 2.28%, and it has a price to earnings (P/E) ratio of 13.32. SEE’s most recent ex-dividend date was 9/7/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 9/22/2023. Previously, the company paid the dividend on 6/23/2023 with an ex-dividend date of 6/8/2023. The SEE stock dividend was $0.20 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SEE in the last 3 months, the mean price target is $45.67 with high estimates of $57.00 and low estimates of $38.00. In terms of 52-week highs and lows, SEE has a high of $56.43 and a low of $33.45.
As of this writing, SEE has an earnings estimate of $0.64 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.6. The company reported an EPS of $0.74 in the last quarter, which was -3.90% lower than expectations of $0.77.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SEE’s latest balance sheet shows that the firm has $561.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.77B in debt and $2.01B in liabilities at the time. Its Book Value Per Share was $2.85, while its Total Shareholder’s Equity was $248.70M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SEE is Buy with a score of 3.75.