Sealed Air Corporation Company Profile (NYSE:SEE)

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

Sealed Air Corporation declared a quarterly dividend on Friday, July 7th. Shareholders of record on Friday, September 1st will be given a dividend of $0.16 per share on Friday, September 15th. This represents a $0.64 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Wednesday, August 30th. View Sealed Air Corporation's Dividend History.

Sealed Air Corporation announced that its board has authorized a share buyback plan on Wednesday, April 12th 2017, which allows the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 17.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Sealed Air Corporation (NYSE:SEE) posted its quarterly earnings results on Tuesday, August, 8th. The company reported $0.35 EPS for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. View Sealed Air Corporation's Earnings History.

Sealed Air Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Sealed Air Corporation.

Sealed Air Corporation issued an update on its FY17 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $1.75-1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.79. The company issued revenue guidance of $4.3 billion, compared to the consensus revenue estimate of $4.33 billion.

11 equities research analysts have issued 1-year price targets for Sealed Air Corporation's stock. Their forecasts range from $44.00 to $55.00. On average, they expect Sealed Air Corporation's share price to reach $47.90 in the next twelve months. View Analyst Ratings for Sealed Air Corporation.

Here are some recent quotes from research analysts about Sealed Air Corporation stock:

• 1. According to Zacks Investment Research, "For 2017, Sealed Air expects sales of $4.3 billion reflecting an expected 3% constant dollar sales growth in Food Care and 3–4% constant dollar sales growth in Product Care. In 2017, volume growth will be partially offset by higher raw material costs, a higher mix of eCommerce and fulfillment sales, along with the impact of functional support and related expenses, EPS is likely to be around $1.70 per share for 2017 due to the dilutive impact of the Diversey sale. Further, the company’s shares have underperformed the Zacks categorized sub industry year to date. However, Sealed Air’s top-line will be supported by enhanced demand for its core product portfolio, recently-introduced innovations, and accelerated growth in the global protein market along with the eCommerce sector. It will also benefit from the divestiture of its Diversey business. Its estimates have gone up in the past few days." (7/19/2017)
• 2. KeyCorp analysts commented, "We are reducing our 1Q17 adj. EBITDA estimate from $249 million to $245 million (up 1% YOY) and our 2017 estimate from $1.175 billion to $1.173 billion (guidance is ~$1.18 billion). Industrial market weakness plagued SEE throughout 2016, and the global market doesn’t appear to be improving so far in 2017, at least according to SEE. In addition, SEE is dealing with FX translation drags, the short-term impact of the pending expiration of its agreement with SC Johnson, and higher resin prices. Consequently, the Company commented yesterday that its adj. EBITDA could be flat in 1Q17, and we are reducing our estimate accordingly." (2/24/2017)

Sealed Air Corporation saw a increase in short interest in the month of September. As of September 15th, there was short interest totalling 12,267,406 shares, an increase of 104.2% from the August 31st total of 6,007,358 shares. Based on an average daily trading volume, of 3,660,676 shares, the short-interest ratio is presently 3.4 days. Approximately 6.5% of the company's stock are short sold.

Some companies that are related to Sealed Air Corporation include Ball Corporation (BLL), Avery Dennison Corporation (AVY), Crown Holdings (CCK), Sonoco Products Company (SON), Bemis Company (BMS), Silgan Holdings (SLGN), Greif Bros. Corporation (GEF), TriMas Corp (TRS), Ardagh Group S.A. (ARD) and Multi Packaging Solutions Intrntnl Ltd (MPSX).

Sealed Air Corporation's management team includes the folowing people:

• William J. Marino, Independent Chairman of the Board
• Jerome A. Peribere, President, Chief Executive Officer, Director
• Carol P. Lowe, Chief Financial Officer, Senior Vice President
• Emile Z. Chammas, Senior Vice President
• Karl R. Deily, Senior Vice President
• William G. Stiehl, Chief Accounting Officer, Controller
• Kenneth P. Chrisman, Vice President
• Michael Chu, Independent Director
• Lawrence R. Codey, Independent Director
• Patrick Duff, Independent Director

Sealed Air Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.22%), BlackRock Inc. (6.32%), Janus Henderson Group PLC (5.58%), State Street Corp (4.41%), Iridian Asset Management LLC CT (3.86%) and Ameriprise Financial Inc. (2.35%). Company insiders that own Sealed Air Corporation stock include Emile Z Chammas, Jerome A Peribere, Kenneth P Manning, Lawrence R Codey, Ruth Roper and William G Stiehl. View Institutional Ownership Trends for Sealed Air Corporation.

Sealed Air Corporation's stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., JPMorgan Chase & Co., Pioneer Investment Management Inc., BW Gestao de Investimentos Ltda., State Street Corp, Artisan Partners Limited Partnership, Clinton Group Inc. and OxFORD Asset Management LLP. Company insiders that have sold Sealed Air Corporation stock in the last year include Lawrence R Codey and William G Stiehl. View Insider Buying and Selling for Sealed Air Corporation.

Sealed Air Corporation's stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Ameriprise Financial Inc., Wells Fargo & Company MN, Manning & Napier Advisors LLC, Jennison Associates LLC, Eaton Vance Management, Neuberger Berman Group LLC and Balyasny Asset Management LLC. Company insiders that have bought Sealed Air Corporation stock in the last two years include Emile Z Chammas, Jerome A Peribere and Kenneth P Manning. View Insider Buying and Selling for Sealed Air Corporation.

Shares of Sealed Air Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Sealed Air Corporation stock can currently be purchased for approximately $42.17.