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
SymbolNYSE:SEE
CUSIP81211K10
Phone980-221-3235
Debt
Debt-to-Equity Ratio-8.64
Current Ratio1.11
Quick Ratio0.69
Price-To-Earnings
Trailing P/E Ratio21.57
Forward P/E Ratio15.63
P/E Growth1.67
Sales & Book Value
Annual Sales$4.46 billion
Price / Sales1.40
Cash Flow$2.7577 per share
Price / Cash14.28
Book Value$0.84 per share
Price / Book46.88
Profitability
EPS (Most Recent Fiscal Year)$1.81
Net Income$814.90 million
Net Margins14.37%
Return on Equity859.42%
Return on Assets7.15%
Miscellaneous
Employees15,000
Outstanding Shares158,810,000
Market Cap$6.19 billion
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 declared a quarterly dividend on Friday, July 13th. Investors of record on Friday, September 7th will be paid a dividend of $0.16 per share on Friday, September 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, September 6th. View Sealed Air's Dividend History.
How will Sealed Air's stock buyback program work?
Sealed Air announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 3rd 2018, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
How were Sealed Air's earnings last quarter?
Sealed Air Corp (NYSE:SEE) issued its earnings results on Thursday, August, 2nd. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. The industrial products company earned $1.16 billion during the quarter, compared to analysts' expectations of $1.15 billion. Sealed Air had a net margin of 14.37% and a return on equity of 859.42%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 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 issued an update on its FY18 earnings guidance on Thursday, August, 2nd. The company provided earnings per share guidance of $2.45-2.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.52. The company issued revenue guidance of ~$4.75 billion, compared to the consensus revenue estimate of $4.75 billion.
What price target have analysts set for SEE?
12 brokerages have issued 1 year price objectives for Sealed Air's shares. Their forecasts range from $47.00 to $55.00. On average, they anticipate Sealed Air's share price to reach $50.40 in the next year. This suggests a possible upside of 28.0% from the stock's current price. View Analyst Price Targets for Sealed Air.
What is the consensus analysts' recommendation for Sealed Air?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sealed Air in the last year. There are currently 6 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. 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)
- 2. According to Zacks Investment Research, "Sealed Air will benefit from the sale of Diversey which will help it enhance focus on Food Care and Product Care divisions. Its top-line will be supported by accelerated growth in the global protein market along with the e-Commerce sector. Innovations and acquisitions will also drive growth. For 2018, Sealed Air projects net sales of approximately $4.75-$4.80 billion and adjusted earnings per share at $2.45-$2.55, an increase of 38% at the mid-point. However, stranded costs following the Diversey sale, increasing raw material prices remain headwinds. 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." (7/3/2018)
Who are some of Sealed Air's key competitors?
Some companies that are related to Sealed Air include Ingersoll-Rand (IR), ATLAS COPCO AB/S (ATLKY), Cintas (CTAS), Parker-Hannifin (PH), Stanley Black & Decker (SWK), SANDVIK AB/ADR (SDVKY), Rockwell Automation (ROK), Atlantia (ATL), ASSA ABLOY AB/S (ASAZY), W W Grainger (GWW), Tenaris (TS), Ferguson (FERGD), Kubota (KUBTY), BAE Systems (BA) and Ferguson (FERGY).
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, Acting CFO, Chief Accounting Officer & 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. Marc A. Hamer, Chief Information Officer, Chief Digital Officer & Corp. VP
Has Sealed Air been receiving favorable news coverage?
News coverage about SEE stock has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sealed Air earned a media and rumor sentiment score of 0.15 on Accern's scale. They also gave news coverage about the industrial products company an impact score of 48.43 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for Sealed Air.
Who are Sealed Air's major shareholders?
Sealed Air's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.85%), Janus Henderson Group PLC (5.37%), Wells Fargo & Company MN (3.99%), Manning & Napier Group LLC (1.55%), Bank of New York Mellon Corp (1.51%) and Jennison Associates LLC (1.49%). 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 major investors are selling Sealed Air stock?
SEE stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Putnam Investments LLC, Massachusetts Financial Services Co. MA, BlackRock Inc., Jennison Associates LLC, Waddell & Reed Financial Inc., Connor Clark & Lunn Investment Management Ltd. and Marshall Wace LLP. Company insiders that have sold Sealed Air company stock in the last year include Emile Z Chammas, Kenneth P Chrisman, Lawrence R Codey and William G Stiehl. View Insider Buying and Selling for Sealed Air.
Which major investors are buying Sealed Air stock?
SEE stock was acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., Victory Capital Management Inc., Bank of America Corp DE, Millennium Management LLC, WINTON GROUP Ltd, TD Asset Management Inc., Teacher Retirement System of Texas and BlueMountain Capital Management LLC. 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 $39.38.
How big of a company is Sealed Air?
Sealed Air has a market capitalization of $6.19 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.
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.
