Sealed Air (SEE) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sealed Air in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SEE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SEE, but not buy additional shares or sell existing shares.
View SEE analyst ratings or view top-rated stocks.

10 brokers have issued 12 month price targets for Sealed Air's shares. Their SEE share price forecasts range from $48.00 to $67.00. On average, they expect the company's stock price to reach $56.27 in the next year. This suggests a possible upside of 40.3% from the stock's current price.
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Sealed Air's stock was trading at $49.88 on January 1st, 2023. Since then, SEE stock has decreased by 19.6% and is now trading at $40.10.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our SEE earnings forecast.

Sealed Air Co. (NYSE:SEE) released its earnings results on Tuesday, May, 2nd. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by $0.03. The industrial products company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Sealed Air had a net margin of 7.25% and a trailing twelve-month return on equity of 196.19%. The business's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS.
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Sealed Air declared a quarterly dividend on Thursday, May 18th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.20 per share on Friday, June 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, June 8th.
Read our dividend analysis for SEE.

ETFs with the largest weight of Sealed Air (NYSE:SEE) stock in their portfolio include Invesco S&P 500 Equal Weight Materials ETF (RTM), Invesco MSCI Global Timber ETF (CUT), iShares Emergent Food and AgTech Multisector ETF (IVEG), Nuveen Global Net Zero Transition ETF (NTZG), Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index ETF (SZNE), Principal Value ETF (PY), Materials Select Sector SPDR Fund (XLB) and Vanguard Materials ETF (VAW).

Sealed Air (NYSE:SEE) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.00%. The dividend payout ratio is 28.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SEE will have a dividend payout ratio of 19.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SEE.

Sealed Air updated its FY23 earnings guidance on Tuesday, May, 2nd. The company provided EPS guidance of $3.50-$3.80 for the period, compared to the consensus earnings per share estimate of $3.66. The company issued revenue guidance of $5.85-$6.10 billion, compared to the consensus revenue estimate of $5.95 billion.

66 employees have rated Sealed Air Chief Executive Officer Ted Doheny on Glassdoor.com. Ted Doheny has an approval rating of 53% among the company's employees. This puts Ted Doheny in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sealed Air investors own include Raytheon Technologies (RTX), NVIDIA (NVDA), Boeing (BA), CVS Health (CVS), Pfizer (PFE), Schlumberger (SLB), AT&T (T), Walt Disney (DIS), Abbott Laboratories (ABT) and Bristol-Myers Squibb (BMY).

Sealed Air trades on the New York Stock Exchange (NYSE) under the ticker symbol "SEE."

Sealed Air's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.09%), State Street Corp (4.24%), Bank of America Corp DE (2.26%), Geode Capital Management LLC (2.11%), Bank of New York Mellon Corp (0.97%) and Price T Rowe Associates Inc. MD (0.89%). Insiders that own company stock include Edward L Doheny II, Emile Z Chammas, Henry R Keizer, Karl R Deily, Sergio A Pupkin and Zubaid Ahmad.
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Shares of SEE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SEE stock can currently be purchased for approximately $40.10.

Sealed Air (NYSE:SEE) has a market capitalization of $5.79 billion and generates $5.64 billion in revenue each year. The industrial products company earns $491.60 million in net income (profit) each year or $2.77 on an earnings per share basis.

The company employs 16,300 workers across the globe.

Sealed Air's mailing address is 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC, 28208. The official website for the company is www.sealedair.com. The industrial products company can be reached via phone at (980) 221-3235, via email at investor.relations@sealedair.com, or via fax at 201-703-4205.