About Sealed Air Corporation (NYSE:SEE)
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company's segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions. The Food Care business serves primarily perishable food and beverage processors, predominately in fresh red meat, smoked and processed meats, beverages, poultry and dairy (solids and liquids) markets throughout the world. The Product Care segment provides customers with a range of Product Care solutions to meet cushioning, void fill, surface protection, retail display, containment and dunnage needs.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Non-Paper Containers & Packaging
- Sub-Industry: Paper Packaging
- Symbol: NYSE:SEE
- CUSIP: 81211K10
- Web: www.sealedair.com
- Market Cap: $8.5932 billion
- Outstanding Shares: 190,031,000
- 50 Day Moving Avg: $43.56
- 200 Day Moving Avg: $44.21
- 52 Week Range: $41.22 - $50.62
Sales & Book Value:
- Trailing P/E Ratio: 23.37
- Foreward P/E Ratio: 18.61
- P/E Growth: 2.43
- Annual Revenue: $6.84 billion
- Price / Sales: 1.26
- Book Value: $1.79 per share
- Price / Book: 25.26
- Annual Dividend: $0.64
- Dividend Yield: 1.4%
- EBITDA: $1.07 billion
- Net Margins: 6.81%
- Return on Equity: 84.32%
- Return on Assets: 5.88%
- Debt-to-Equity Ratio: 11.16%
- Current Ratio: 1.45%
- Quick Ratio: 1.28%
- Average Volume: 2.42 million shs.
- Beta: 1.17
- Short Ratio: 4.08
Frequently Asked Questions for Sealed Air Corporation (NYSE:SEE)
What is Sealed Air Corporation's stock symbol?
Sealed Air Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "SEE."
How often does Sealed Air Corporation pay dividends? What is the dividend yield for Sealed Air Corporation?
Sealed Air Corporation declared a quarterly dividend on Thursday, October 5th. Shareholders of record on Friday, December 1st will be given a dividend of $0.16 per share on Friday, December 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, November 30th. View Sealed Air Corporation's Dividend History.
How will Sealed Air Corporation's stock buyback program work?
Sealed Air Corporation declared that its Board of Directors has authorized a share repurchase program on Wednesday, April 12th 2017, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 17.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.
How were Sealed Air Corporation's earnings last quarter?
Sealed Air Corporation (NYSE:SEE) issued its earnings results on Tuesday, August, 8th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.36 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. Sealed Air Corporation's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. View Sealed Air Corporation's Earnings History.
When will Sealed Air Corporation make its next earnings announcement?
What guidance has Sealed Air Corporation issued on next quarter's earnings?
Sealed Air Corporation updated its FY17 earnings guidance on Tuesday, August, 8th. The company provided earnings per share 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.
Where is Sealed Air Corporation's stock going? Where will Sealed Air Corporation's stock price be in 2017?
11 equities research analysts have issued 12-month price targets for Sealed Air Corporation's stock. Their predictions range from $44.00 to $55.00. On average, they anticipate Sealed Air Corporation's share price to reach $48.10 in the next twelve months. View Analyst Ratings for Sealed Air Corporation.
What are analysts saying about Sealed Air Corporation stock?
Here are some recent quotes from research analysts about Sealed Air Corporation stock:
- 1. According to Zacks Investment Research, "Sealed Air’s results in APAC will be impacted as the Australia /New Zealand region rebuilds cattle herds and ban on Brazil beef exports will impact Latin American volumes. The Diversey sale will be substantially dilutive to earnings as the company is now projecting earnings per share of $1.75 to $1.80 for 2017, down from the earlier guidance of $2.70 per share (pre-sale). Sealed Air generates around 33% of its total company sales from the European region. Sealed Air anticipates that the recent geopolitical events in Europe and the Middle East to have an effect on its business. Also, costs associated with various restructuring actions underway will strain margins. the company has a negative record of earnings surprise." (10/10/2017)
- 2. KeyCorp analysts commented, "We are updating our estimates for Sealed Air (SEE) to account for recent resin price increases. Our 2017 adj. EBITDA estimate is going from $830M (guidance was/is $825M-$835M) to $818M, and our 2018 estimate is going from $860M to $848M (in other words, the same reduction as in 2017). Consensus is expecting a substantial $70M of EBITDA growth in 2018, which we don’t understand given recent (subdued) growth trends and given how high SEE’s margins already are; we are assuming $30M of growth on account of lower corporate costs. Key Investment Points On our reduced estimates, SEE is trading at ~12x our 2017/2018 adj. EBITDA estimates, higher than the packaging group average of 10-11x." (10/2/2017)
Are investors shorting Sealed Air Corporation?
Sealed Air Corporation saw a increase in short interest in 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 volume of 3,660,676 shares, the short-interest ratio is currently 3.4 days. Approximately 6.5% of the shares of the company are sold short.
Who are some of Sealed Air Corporation's key competitors?
Who are Sealed Air Corporation's key executives?
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
- Edward L. Doheny II, Chief Executive Officer, Chief Operating 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
Who owns Sealed Air Corporation stock?
Sealed Air Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.29%), APG Asset Management N.V. (0.19%), LS Investment Advisors LLC (0.13%), PGGM Investments (0.06%), State Treasurer State of Michigan (0.03%) and Cacti Asset Management LLC (0.02%). 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.
Who sold Sealed Air Corporation stock? Who is selling Sealed Air Corporation stock?
Sealed Air Corporation's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., LS Investment Advisors LLC, State Treasurer State of Michigan, Cacti Asset Management LLC and BB&T Corp. 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.
Who bought Sealed Air Corporation stock? Who is buying Sealed Air Corporation stock?
Sealed Air Corporation's stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Robeco Institutional Asset Management B.V., Shell Asset Management Co. and Quantitative Systematic Strategies 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.
How do I buy Sealed Air Corporation stock?
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.
What is Sealed Air Corporation's stock price today?
MarketBeat Community Rating for Sealed Air Corporation (NYSE SEE)MarketBeat's community ratings are surveys of what our community members think about Sealed Air Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Sealed Air Corporation stock can currently be purchased for approximately $45.22.
Consensus Ratings for Sealed Air Corporation (NYSE:SEE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||6 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.45)|
|Consensus Price Target: ||$48.10 (6.37% upside)|Consensus Price Target History for Sealed Air Corporation (NYSE:SEE)
Analysts' Ratings History for Sealed Air Corporation (NYSE:SEE)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/13/2017||Bank of America Corporation||Set Price Target||Buy||$48.00 -> $50.00||N/A|
|9/19/2017||Barclays PLC||Reiterated Rating||Overweight -> Equal Weight||$45.00||High|
|9/14/2017||Jefferies Group LLC||Reiterated Rating||Hold||$44.00||Low|
|9/13/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$45.00||Low|
|9/10/2017||SunTrust Banks, Inc.||Set Price Target||Buy||$48.00||Low|
|9/7/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||$52.00 -> $47.00||High|
|9/1/2017||Robert W. Baird||Reiterated Rating||Buy||$55.00||Medium|
|8/27/2017||BMO Capital Markets||Reiterated Rating||Hold||$47.00||Medium|
|5/11/2017||Credit Suisse Group||Set Price Target||Buy||$50.00||Low|
|4/4/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Conviction-Buy -> Buy||$53.00 -> $50.00||Low|
|9/13/2016||J P Morgan Chase & Co||Initiated Coverage||Neutral||$53.00||N/A|
|1/13/2016||Vertical Research||Upgrade||Hold -> Buy||N/A|
|11/9/2015||Macquarie||Downgrade||Outperform -> Neutral||N/A|
Earnings History for Sealed Air Corporation (NYSE:SEE)Earnings History by Quarter for Sealed Air Corporation (NYSE SEE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q2 2017||$0.36||$0.35||$1.06 billion||$1.07 billion||View||Listen|
|5/9/2017||Q1 2017||$0.46||$0.43||$1.58 billion||$1.03 billion||View||Listen|
|2/9/2017||Q416||$0.74||$0.76||$1.79 billion||$1.70 billion||View||Listen|
|10/27/2016||Q316||$0.69||$0.71||$1.09 billion||$1.70 billion||View||Listen|
|7/28/2016||Q216||$0.64||$0.65||$1.74 billion||$1.70 billion||View||Listen|
|4/28/2016||Q116||$0.48||$0.50||$1.60 billion||$1.60 billion||View||Listen|
|2/10/2016||Q415||$0.50||$0.76||$1.78 billion||$1.75 billion||View||Listen|
|10/27/2015||Q315||$0.57||$0.70||$1.76 billion||$1.75 billion||View||Listen|
|7/30/2015||Q215||$0.53||$0.60||$1.76 billion||$1.80 billion||View||Listen|
|4/30/2015||Q115||$0.42||$0.54||$1.73 billion||$1.70 billion||View||Listen|
|2/10/2015||Q414||$0.47||$0.59||$1.98 billion||$2.00 billion||View||Listen|
|10/29/2014||Q314||$0.46||$0.52||$1.94 billion||$1.98 billion||View||Listen|
|7/30/2014||Q214||$0.39||$0.42||$1.95 billion||$2.00 billion||View||Listen|
|4/30/2014||Q114||$0.24||$0.33||$1.84 billion||$1.80 billion||View||Listen|
|2/6/2014||Q413||$0.37||$0.34||$2.00 billion||$2.00 billion||View||Listen|
|10/30/2013||Q313||$0.34||$0.39||$1.96 billion||$1.90 billion||View||Listen|
|8/2/2013||Q2 2013||$0.25||$0.35||$1.97 billion||$2.00 billion||View||Listen|
|5/1/2013||Q1 2013||$0.18||$0.24||$1.86 billion||$1.90 billion||View||Listen|
|2/19/2013||Q4 2012||$0.29||$0.34||$1.95 billion||$1.98 billion||View||Listen|
|11/2/2012||Q312||$0.31||$0.28||$1.97 billion||$1.90 billion||View||N/A|
Earnings Estimates for Sealed Air Corporation (NYSE:SEE)
2017 EPS Consensus Estimate: $2.02
2018 EPS Consensus Estimate: $2.37
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Sealed Air Corporation (NYSE:SEE)
|Dividend Growth:||5.50% (3 Year Average)|
|Payout Ratio:||33.16% (Trailing 12 Months of Earnings) |
35.56% (Based on This Year's Estimates)
26.34% (Based on Next Year's Estimates)
Dividend History by Quarter for Sealed Air Corporation (NYSE SEE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Sealed Air Corporation (NYSE:SEE)
Insider Ownership Percentage: 1.05%Insider Trades by Quarter for Sealed Air Corporation (NYSE:SEE)
Institutional Ownership Percentage: 92.06%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/18/2017||Lawrence R Codey||Director||Sell||3,500||$42.91||$150,185.00|| |
|5/19/2017||William G Stiehl||CAO||Sell||3,000||$43.43||$130,290.00|| |
|5/16/2017||Emile Z Chammas||Insider||Buy||3,000||$43.09||$129,270.00|| |
|5/12/2017||Jerome A Peribere||Insider||Buy||6,960||$42.97||$299,071.20|| |
|8/9/2016||Lawrence R Codey||Director||Sell||200||$46.50||$9,300.00|| |
|2/22/2016||Ruth Roper||VP||Sell||18,000||$44.08||$793,440.00|| |
|12/10/2015||Kenneth P Manning||Director||Buy||4,000||$43.61||$174,440.00|| |
|11/3/2015||Kenneth P Manning||Director||Buy||3,000||$47.61||$142,830.00|| |
|8/19/2015||Kenneth P Manning||Director||Buy||3,000||$54.00||$162,000.00|| |
|6/17/2015||William J Marino||Director||Buy||3,213||$49.76||$159,878.88|| |
|6/9/2015||Karl R Deily||VP||Sell||19,850||$49.57||$983,964.50|| |
|3/11/2015||Ruth Roper||VP||Sell||4,916||$45.18||$222,104.88|| |
|3/4/2015||Ruth Roper||VP||Sell||14,622||$46.00||$672,612.00|| |
|11/19/2014||Jerome A Peribere||CEO||Buy||13,096||$38.17||$499,874.32|| |
|11/12/2014||Kenneth P Manning||Director||Buy||5,000||$38.29||$191,450.00|| |
|8/27/2014||Emile Z Chammas||SVP||Sell||20,000||$35.95||$719,000.00|| |
|8/13/2014||Kenneth P Manning||Director||Buy||5,000||$33.39||$166,950.00|| |
|12/12/2013||Ruth Roper||VP||Sell||4,000||$31.40||$125,600.00|| |
|9/11/2013||Tod S Christie||Treasurer||Sell||10,000||$30.09||$300,900.00|| |
|8/15/2013||Ruth Roper||VP||Sell||20,000||$29.75||$595,000.00|| |
|5/15/2013||Jean-Marie Demeautis||VP||Sell||57,730||$23.10||$1,333,563.00|| |
|5/13/2013||Philip H Jr. Cook||VP||Sell||1,500||$23.00||$34,500.00|| |
|11/27/2012||Kenneth P Manning||Director||Buy||5,000||$17.00||$85,000.00|| |
Headline Trends for Sealed Air Corporation (NYSE:SEE)
Latest Headlines for Sealed Air Corporation (NYSE:SEE)
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Sealed Air Corporation (SEE) Chart for Monday, October, 23, 2017