Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands. It also provides integrated system solutions that incorporate equipment systems, which are frequently integrated into customers' operations; and packaging equipment for loading, filling, and dispensing. In addition, this segment offers graphic design, printing, training, field quality assurance, and remote diagnostics services; flexible packaging materials for medical and drug delivery devices; specialty component films for ostomy and colostomy bags; and PVC free films for packing pharmaceutical solutions, as well as new venture businesses. The Product Care segment provides packaging solutions under the Bubble Wrap and AirCap, Cryovac, Shanklin FloWrap, Instapak, Jiffy, and Korrvu brands, as well as I-Pack systems and e-Cube systems. The company serves food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Sealed Air Corporation was founded in 1960 and is headquartered in Charlotte, North Carolina.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Plastics materials & synthetic resins, synthetic rubber, cellulosic
Sub-IndustryPaper Packaging
SectorIndustrial Products
Current SymbolNYSE:SEE
Previous Symbol
CUSIP81211K10
Phone980-221-3235
Debt
Debt-to-Equity RatioN/A
Current Ratio1.02
Quick Ratio0.63
Price-To-Earnings
Trailing P/E Ratio18.75
Forward P/E Ratio13.97
P/E Growth1.2
Sales & Book Value
Annual Sales$4.46 billion
Price / Sales1.19
Cash Flow$2.7261 per share
Price / Cash Flow12.45
Book Value$0.84 per share
Price / Book40.40
Profitability
EPS (Most Recent Fiscal Year)$1.81
Net Income$814.90 million
Net Margins-0.87%
Return on Equity-150.20%
Return on Assets7.67%
Miscellaneous
Employees15,000
Outstanding Shares156,930,000
Market Cap$5.33 billion
OptionableOptionable
Sealed Air (NYSE:SEE) Frequently Asked Questions
What is Sealed Air's stock symbol?
Sealed Air trades on the New York Stock Exchange (NYSE) under the ticker symbol "SEE."
How often does Sealed Air pay dividends? What is the dividend yield for Sealed Air?
Sealed Air announced a quarterly dividend on Thursday, October 4th. Shareholders of record on Friday, December 7th will be given a dividend of $0.16 per share on Friday, December 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, December 6th. View Sealed Air's Dividend History.
How will Sealed Air's stock buyback program work?
Sealed Air declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 3rd 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its shares are undervalued.
How were Sealed Air's earnings last quarter?
Sealed Air Corp (NYSE:SEE) released its quarterly earnings data on Thursday, November, 1st. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.60 by $0.01. The industrial products company earned $1.19 billion during the quarter, compared to analysts' expectations of $1.18 billion. Sealed Air had a negative return on equity of 150.20% and a negative net margin of 0.87%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. View Sealed Air's Earnings History.
When is Sealed Air's next earnings date?
What guidance has Sealed Air issued on next quarter's earnings?
Sealed Air updated its FY18 earnings guidance on Thursday, November, 1st. The company provided earnings per share (EPS) guidance of $2.40-2.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.42. The company issued revenue guidance of approx $4.70 vlb, compared to the consensus revenue estimate of $4.72 billion.Sealed Air also updated its FY 2018 guidance to $2.40-2.45 EPS.
What price target have analysts set for SEE?
11 analysts have issued 12 month price targets for Sealed Air's stock. Their predictions range from $37.00 to $53.00. On average, they expect Sealed Air's share price to reach $44.6250 in the next year. This suggests a possible upside of 31.5% from the stock's current price. View Analyst Price Targets for Sealed Air.
What is the consensus analysts' recommendation for Sealed Air?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sealed Air in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sealed Air.
What are Wall Street analysts saying about Sealed Air stock?
Here are some recent quotes from research analysts about Sealed Air stock:
- 1. According to Zacks Investment Research, "For 2018, Sealed Air projects net sales of approximately $4.75 billion and adjusted earnings per share at $2.45-$2.55, an increase of 38% at the mid-point. Currency headwinds are anticipated to negatively impact net Sales and adjusted EBITDA by $20 million and $5 million, respectively. Further, increasing raw material prices remain a cause of concern. Sealed Air continues to invest in R&D, sales and marketing. Even though these investments will drive future growth, it will affect margins in the near term. The stock has underperformed the industry over the past year. Its estimates for the third quarter have gone down lately. " (10/5/2018)
- 2. KeyCorp analysts commented, "We are slightly increasing our 2018 adjusted EBITDA estimate from $895 million to $900 million (at the midpoint of guidance of $890 million to $910 million) and our 2019 EBITDA estimate from $915 million to $920 million (consensus is $951 million); we are moving to the midpoint of guidance for 2018 following the Company’s slight beat in 2Q. For 2019, we assume a minimal EBITDA contribution from just-acquired AFP (~$5 million), such that the majority of our assumed $20 million of EBITDA growth is organic. We realize our assumed rate of organic EBITDA growth for 2019 is lower than that in 2018, but we also note that SEE’s EBITDA was essentially flat in the previous two years. At the midpoint of its 2018 EBITDA guidance, SEE is trading at 11.2x EV/EBITDA, roughly in line with the five-year average. We think the valuation is fair." (8/2/2018)
Has Sealed Air been receiving favorable news coverage?
News stories about SEE stock have been trending somewhat positive recently, according to InfoTrie. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Sealed Air earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave media stories about the industrial products company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are some of Sealed Air's key competitors?
Some companies that are related to Sealed Air include Parker-Hannifin (PH), ATLAS COPCO AB/S (ATLKY), Kubota (KUBTY), Rockwell Automation (ROK), ASSA ABLOY AB/S (ASAZY), Cintas (CTAS), Stanley Black & Decker (SWK), SANDVIK AB/ADR (SDVKY), Ball (BLL), W W Grainger (GWW), Ferguson (FERGY), Tenaris (TS), Xylem (XYL), TORAY INDUSTRIE/ADR (TRYIY) and BRAMBLES LTD/S (BXBLY).
Who are Sealed Air's key executives?
Sealed Air's management team includes the folowing people:
- Mr. Edward L. Doheny II, CEO, Pres & Director (Age 56)
- Mr. William Gregory Stiehl, Sr. VP, CFO & Controller (Age 56)
- Mr. Karl R. Deily, Sr. VP & Pres of Food Care (Age 60)
- Mr. Emile Z. Chammas, Sr. VP & Chief Supply Chain Officer (Age 49)
- Mr. Michael A. Leon, Chief Accounting Officer and Controller (Age 37)
Who are Sealed Air's major shareholders?
Sealed Air's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc (11.49%), BlackRock Inc. (6.80%), Janus Henderson Group PLC (5.41%), Wells Fargo & Company MN (4.43%), Marshall Wace North America L.P. (3.61%) and Bank of New York Mellon Corp (1.96%). Company insiders that own Sealed Air stock include Edward L Doheny II, Emile Z Chammas, Henry R Keizer, Jerome A Peribere, Jerry R Whitaker, Kenneth P Chrisman, Lawrence R Codey and William G Stiehl. View Institutional Ownership Trends for Sealed Air.
Which institutional investors are selling Sealed Air stock?
SEE stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Putnam Investments LLC, Victory Capital Management Inc., Mitsubishi UFJ Trust & Banking Corp, BlackRock Inc., Loomis Sayles & Co. L P and Baird Financial Group Inc.. Company insiders that have sold Sealed Air company stock in the last year include Emile Z Chammas, Kenneth P Chrisman and William G Stiehl. View Insider Buying and Selling for Sealed Air.
Which institutional investors are buying Sealed Air stock?
SEE stock was bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Bank of New York Mellon Corp, Wells Fargo & Company MN, Vanguard Group Inc, Marshall Wace North America L.P., Korea Investment CORP, Holowesko Partners Ltd. and American Century Companies Inc.. Company insiders that have bought Sealed Air stock in the last two years include Edward L Doheny II, Emile Z Chammas, Henry R Keizer, Jerome A Peribere and Jerry R Whitaker. View Insider Buying and Selling for Sealed Air.
How do I buy shares of Sealed Air?
Shares of SEE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sealed Air's stock price today?
One share of SEE stock can currently be purchased for approximately $33.94.
How big of a company is Sealed Air?
Sealed Air has a market capitalization of $5.33 billion and generates $4.46 billion in revenue each year. The industrial products company earns $814.90 million in net income (profit) each year or $1.81 on an earnings per share basis. Sealed Air employs 15,000 workers across the globe.
What is Sealed Air's official website?
How can I contact Sealed Air?
Sealed Air's mailing address is 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC, 28208. The industrial products company can be reached via phone at 980-221-3235 or via email at [email protected]
MarketBeat Community Rating for Sealed Air (NYSE SEE)
MarketBeat's community ratings are surveys of what our community members think about Sealed Air and other stocks. Vote "Outperform" if you believe SEE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SEE will underperform the S&P 500 over the long term. You may vote once every thirty days.
