Sealed Air (SEE) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sealed Air in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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.

11 equities research analysts have issued 1 year price objectives for Sealed Air's shares. Their SEE share price forecasts range from $38.00 to $52.00. On average, they expect the company's stock price to reach $44.64 in the next year. This suggests a possible upside of 36.2% from the stock's current price.
View analysts price targets for SEE or view top-rated stocks among Wall Street analysts.

Sealed Air's stock was trading at $49.88 at the start of the year. Since then, SEE shares have decreased by 34.3% and is now trading at $32.77.
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Sealed Air saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,940,000 shares, an increase of 28.8% from the August 15th total of 3,060,000 shares. Based on an average daily volume of 1,880,000 shares, the short-interest ratio is currently 2.1 days. Currently, 2.8% of the shares of the stock are short sold.
View Sealed Air's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our SEE earnings forecast.

Sealed Air Co. (NYSE:SEE) posted its quarterly earnings data on Tuesday, August, 8th. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.12. The industrial products company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Sealed Air had a net margin of 7.04% and a trailing twelve-month return on equity of 154.56%. The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share.
Read the conference call transcript.

Sealed Air declared a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 8th will be given a dividend of $0.20 per share on Friday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, September 7th.
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 S&P 500 Equal Weight Materials ETF (RSPM), Invesco MSCI Global Timber ETF (CUT), iShares Emergent Food and AgTech Multisector ETF (IVEG), BlackRock Large Cap Value ETF (BLCV), Point Bridge America First ETF (MAGA), Arrow Reverse Cap 500 ETF (YPS) and Materials Select Sector SPDR Fund (XLB).

Sealed Air (NYSE:SEE) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.52%. The dividend payout ratio is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SEE will have a dividend payout ratio of 25.72% 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 FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $2.75-$2.95 for the period, compared to the consensus estimate of $3.43. The company issued revenue guidance of $5.40 billion-$5.60 billion, compared to the consensus revenue estimate of $5.86 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 RTX (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."

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 $32.77.

Sealed Air (NYSE:SEE) has a market capitalization of $4.73 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 $2.68 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.