|Bid||32.130 x 800|
|Ask||32.140 x 800|
|Day's Range||31.500 - 33.460|
|52 Week Range||31.500 - 49.940|
|Beta (3Y Monthly)||0.64|
|PE Ratio (TTM)||8.34|
|Earnings Date||Nov 1, 2018|
|Forward Dividend & Yield||0.64 (1.84%)|
|1y Target Est||49.25|
United Rentals, Inc. (NYSE: URI) is down about 9.7% following the release of its third-quarter earnings results after the market closed yesterday. The company also raised its revenue outlook for the year, now calling for a range of $7.77 billion-$7.87 billion compared with its previous outlook of $7.64 billion-$7.84 billion. A beat and raise is about as good as it gets, and United Rentals’ valuation is intriguing, so I think the sell-off is overdone.
U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes. Results from Cessna business jet-maker Textron, equipment renter United Rentals and hand tools maker Snap-on Inc, which slid between 2.33 percent and 9.23 percent, only served to show corporate profit has little room to grow.
U.S. stock futures fell on Thursday, as some industrials reported disappointing results, while the Federal Reserve's minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week's brutal selloff. Shares of Textron fell 8 percent in premarket trading after the Cessna jet maker reported a lower-than-expected quarterly profit, hit by a slump in sales of its turboprop aircraft. Textron and Sealed Air were the top decliners among S&P 500 companies before the bell.
CEO Ted Doheny said in a statement that higher raw material and freight costs, along with foreign exchange pressures, impacted profitability.
Sealed Air Corp. shares fell in the extended session Wednesday after the packaging materials company forecast third-quarter results that were below the Wall Street consensus. Sealed Air shares fell 6% after hours, following a 0.3% decline to close at $35.28 in the regular session. Sealed Air said it sees adjusted earnings of 60 cents to 61 cents a share on sales of about $1.2 billion. Analysts surveyed by FactSet expect earnings of 65 cents a share on revenue of $1.19 billion. The company also sees full-year earnings of $2.40 to $2.45 a share on revenue of about $4.7 billion, while analysts expect $2.51 a share on revenue of $4.75 billion. "Our third quarter profitability was adversely affected by currency headwinds and higher than expected raw material and freight costs," said Ted Doheny, Sealed Air president and chief executive, in a statement. "More specifically to Product Care, we experienced higher absorption costs due to lower global volumes in our utility business, which accounts for 30% of the division's sales."
Sealed Air Corporation today provided preliminary third quarter results and revised full year 2018 guidance.
Sealed Air's (SEE) agreement with Cubiscan to provide new automation options to address significant productivity challenges of customer.
Sprint Corp. (NYSE:S) shares are trading around $6.41 with a price-sales ratio of 0.80 and a price-earnings ratio of 3.54. The company, which supplies wireless and wireline communications products, has a market cap of $26.08 billion. The discounted cash flow calculator gives the stock a fair value of $19.37, suggesting it is undervalued with a 67% margin of safety.
NEW YORK, Oct. 15, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Sealed Air Corporation (SEE) today announced it signed a sales and marketing agreement with Cubiscan. “The agreement between Sealed Air and Cubiscan presents our customers with new automation options that address their most significant productivity challenges.
Sealed Air Corporation (SEE) announced today that Hal Lawton has been elected to the Company’s Board of Directors as an independent director, effective January 1, 2019. Lawton currently serves as president of Macy’s where he is responsible for all aspects of the Macy’s brand, including merchandising, marketing, stores, operations, technology and strategy. Previously, Lawton oversaw all aspects of eBay’s Americas business unit.
Sealed Air Corporation (NYSE:SEE), which is in the packaging business, and is based in United States, saw significant share price volatility over the past couple of months on the NYSE, Read More...
Ilham Kadri, the Moroccan-French executive who added international flair first to Sealed Air Corp. (NYSE: SEE) and then to Diversey when it spun off last year, is leaving Charlotte for a new job in Europe. Kadri has been named CEO and chairwoman of Brussels-based Solvay Group. Kadri replaces Jean-Pierre Clamadieu, who departs the company completely after Kadri takes over.
Sealed Air Corporation announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on December 21, 2018 to stockholders of record at the close of business on December 7, 2018.
SEE credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
This company profile is part of CBJ's special report on corporate culture — Creating culture by design: How these Charlotte companies are designing HQ spaces to maximize employee engagement. Sealed Air Corp. (NYSE: SEE) is a company that makes innovative food and product-care packaging. “At Sealed Air, sustainability is at the heart of everything we do,” says Julianna Jacobson, director of global public affairs. “It begins with our own operations and extends to our customers and their operations.” Former CEO Jerome Peribere blogged about the achievements of the Paris Agreement and the important role businesses have in combating climate change.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on September 20. Index (PMI) data, output in the Industrials sector is rising.
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on September 11. Index (PMI) data, output in the Industrials sector is rising.
Sealed Air's (SEE) top line is likely to be supported by accelerated growth in the fresh food market along with the e-commerce sector.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on September 6. Index (PMI) data, output in the Industrials sector is rising.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Industrials sector is rising.
NEW YORK, Aug. 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Microvision, ...
NEW YORK, Aug. 10, 2018-- Bragar Eagel & Squire, P.C. is investigating potential claims against Sealed Air Corporation. Our investigation concerns whether Sealed Air has violated the federal securities ...