Before the market open today, the Charlotte, NC-based packaging company reported adjusted earnings of 76 cents per share, topping analysts' expectations for earnings of 50 cents per share.
Revenue for the quarter dropped by 11% to $1.75 billion and missed analysts' estimates of $1.78 billion.
The company expects foreign currency fluctuations to decrease revenue by 6% this year. Divestures will also impact growth.
Sealed Air is expecting revenue of $6.8 billion for the full year, lower than analysts' forecasts of $7.05 billion.
For the full year, the company expects earnings per share to be between $2.52 to $2.60. Analysts forecast for earnings of $2.57 per share.
Sealed Air is engaged in the food safety and security, facility hygiene and product protection business.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
This is driven by several positive factors, which should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks covered by the team.
The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins.
The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SEESEE data by YCharts