Sealed Air Corp Company Profile (NYSE:SEE)

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

Sealed Air Corp announced 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 1.41%. The ex-dividend date is Wednesday, August 30th. View Sealed Air Corp's Dividend History.

Sealed Air Corp declared that its board has initiated a share buyback program 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 stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Sealed Air Corp (NYSE:SEE) announced its quarterly earnings results on Tuesday, August, 8th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.01. The firm earned $1.07 billion during the quarter, compared to analysts' expectations of $1.06 billion. Sealed Air Corp had a return on equity of 23.96% and a net margin of 2.66%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. View Sealed Air Corp's Earnings History.

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

Sealed Air Corp updated 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 estimate of $1.79. The company issued revenue guidance of $4.3 billion, compared to the consensus revenue estimate of $4.33 billion.

10 analysts have issued 1 year target prices for Sealed Air Corp's stock. Their predictions range from $43.00 to $55.00. On average, they expect Sealed Air Corp's stock price to reach $49.00 in the next twelve months. View Analyst Ratings for Sealed Air Corp.

Here are some recent quotes from research analysts about Sealed Air Corp 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)

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

Sealed Air Corp'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
• Ilham Kadri, Senior Vice President
• William G. Stiehl, Chief Accounting Officer, Controller
• Kenneth P. Chrisman, Vice President
• Michael Chu, Independent Director
• Lawrence R. Codey, Independent Director

Sealed Air Corp'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 Corp 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 Corp.

Sealed Air Corp'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. View Insider Buying and Selling for Sealed Air Corp.

Sealed Air Corp's stock was acquired 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 Corp 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 Corp.

Shares of Sealed Air Corp 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 Corp stock can currently be purchased for approximately $45.50.