SEE - Sealed Air Corporation
41.26 0.00 (0.00%)
After hours: 5:09PM EDT
| Previous Close | 41.31 |
| Open | 41.46 |
| Bid | 41.23 x 900 |
| Ask | 45.00 x 1000 |
| Day's Range | 41.06 - 41.59 |
| 52 Week Range | 30.22 - 47.13 |
| Volume | 748,454 |
| Avg. Volume | 1,362,503 |
| Market Cap | 6.333B |
| Beta (3Y Monthly) | 1.08 |
| PE Ratio (TTM) | 17.42 |
| EPS (TTM) | 2.37 |
| Earnings Date | Oct 30, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | 0.64 (1.55%) |
| Ex-Dividend Date | 2019-09-05 |
| 1y Target Est | 47.07 |
- Zacks
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- American City Business Journals
Why sustainability remains at forefront for Charlotte-based packaging giant Sealed Air
Speaking at the seventh annual Morgan Stanley Laguna Conference for manufacturers, Sealed Air Corp. CEO Ted Doheny ran through what he called good progress on the company's three-year restructuring effort.
- Moody's
Sealed Air Corp. -- Moody's assigns Baa3 to Sealed Air's new term loan; CFR and outlook unchanged
Moody's Investors Service ("Moody's") assigned a Baa3 rating to the $475 million incremental First Lien Senior Secured Term Loan of Sealed Air Corp. ("company"). The Ba2 Corporate Family Rating, Ba2-PD Probability of Default rating, all other instrument ratings, the SGL-2 rating, and the stable outlook for Sealed Air Corp. remain unchanged.
- GlobeNewswire
ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Sealed Air Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sealed Air Corporation (“Sealed Air” or “the Company”) (NYSE: SEE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sealed Air announced after the market closed on June 20, 2019, that the Company had fired CFO Bill Stiehl.
- GuruFocus.com
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- Business Wire
Sealed Air Announces Upcoming Event with the Financial Community
Sealed Air Corporation will participate in the following event with the financial community:
- Zacks
Is Sealed Air (SEE) a Great Stock for Value Investors Now?
Let's see if Sealed Air Corporation (SEE) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
- Zacks
Sealed Air Bets on Innovation, Restructuring & Strong Demand
Sealed Air (SEE) is witnessing increased demand for essential and high-performing packaging solutions that extend shelf life, reduce waste and drive customer productivity.
- Zacks
UFP Technologies Rises 33% YTD: What's Driving the Rally?
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- GlobeNewswire
LEADING ROSEN LAW FIRM Continues to Investigate Securities Claims Against Sealed Air Corporation – SEE
NEW YORK, Sept. 06, 2019 -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Sealed Air.
- GlobeNewswire
Glancy Prongay & Murray LLP Continues its Investigation on Behalf of Sealed Air Corporation Investors (SEE)
Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE: SEE) investors concerning the Company and its officers’ possible violations of federal securities laws. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On June 20, 2019, after the market closed, the Company announced that it had terminated for cause its Chief Financial Officer, following an internal review by the Audit Committee.
- PR Newswire
RM LAW Announces Further Investigation of Sealed Air Corporation
BERWYN, Pa. , Sept. 4, 2019 /PRNewswire/ -- RM LAW, P.C. announces an investigation on behalf of Sealed Air Corporation ("Sealed Air" or the "Company") (NYSE: SEE) investors concerning ...
- GlobeNewswire
INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation on Behalf of Sealed Air Corporation Investors (SEE)
BENSALEM, Pa., Sept. 04, 2019 -- Law Offices of Howard G. Smith continues its investigation on behalf of Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE: SEE).
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Berry Global (BERY) Down 17.7% YTD: Will it Bounce Back?
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- Simply Wall St.
There's A Lot To Like About Sealed Air Corporation's (NYSE:SEE) Upcoming 0.4% Dividend
Readers hoping to buy Sealed Air Corporation (NYSE:SEE) for its dividend will need to make their move shortly, as the...
- Zacks
Sealed Air (SEE) Down 3.2% Since Last Earnings Report: Can It Rebound?
Sealed Air (SEE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- GlobeNewswire
ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Sealed Air Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sealed Air Corporation (“Sealed Air” or “the Company”) (NYSE: SEE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sealed Air announced after the market closed on June 20, 2019, that the Company had fired CFO Bill Stiehl.
- PR Newswire
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index
DALLAS , Aug. 23, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the "Index") ...
- InvestorPlace
Don’t Seal Your Fate by Holding Sealed Air Stock
Food and product packaging: there's nothing controversial about that, right? It seems perfectly safe to invest in this industry, and particularly in Sealed Air (NYSE:SEE) stock, which has traded in a rather boring range for three months now.Source: Shutterstock There's nothing boring, however, about this company lately as a government investigation has shaken some investors in Sealed Air stock out of their positions. Others, though, have held on in hopes of a favorable resolution to the company's legal snafu.Should you double down on SEE stock now, or cut and run?InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Bull Case for SEE StockWith a trailing 12-month P/E ratio of 17.6 and an annual dividend yield sitting at around 1.5%, SEE stock isn't flashy or sensational, but the numbers seem to indicate a reasonable valuation and a decent buy-and-hold. Besides, there will always be a need for food packaging, even if a recession hits. * 7 Retail Stocks to Buy on the Dip If you don't know the whole story about this company, then you could actually build a fairly compelling case to go long on Sealed Air stock. If you were to cite the company's earnings results delivered on Aug. 2, you might even be tempted to rush out and grab shares of SEE stock with both hands.I won't dispute that the numbers were good: for the second quarter of 2019, the adjusted EPS of 80 cents marked a year-over-year increase of 25%, and reported revenues of $1.161 billion during the quarter signified an improvement over $1.155 billion generated in the quarter of the previous year.Moreover, in terms of Sealed Air's gross profits for Q2, the number came in at $378.3 million, a 4% improvement compared to the same quarter a year ago. Not only that, but the company's EBITDA (earnings before interest, taxes, depreciation, and amortization) amounted to $237 million during the second quarter, representing an improvement over the EBITDA of $218 million that had been reported in the comparable previous-year period.On top of those impressive numbers, investors also learned that Sealed Air had finalized its acquisition of bag packaging machinery manufacturer Automated Packaging Systems, further cementing Sealed Air's foothold in the domestic packaging space. Given all of the foregoing, I can see why some traders might feel confident about the SEE stock price -- but don't jump to any conclusions until you've read the rest of this article. SEE vs. SEC"You can't fight the government": it's an age-old saying with strong implications for cautious investors. It's one thing to be a contrarian or a nonconformist, but it's another matter entirely to take up arms with a company that's actively being investigated by Uncle Sam.To be more precise, Sealed Air is under investigation by the Securities and Exchange Commission (SEC) concerning the company's accounting (or lack thereof, as the case may be). In connection with this, Sealed Air has been issued subpoenas, which I will let the company describe in its own words:The Company has received from the staff of the SEC subpoenas… [seeking] documents and information regarding the Company's accounting for income taxes, its financial reporting and disclosures, the process by which the Company selected its independent audit firm beginning with fiscal year 2015, the independence of that audit firm, and other matters.But wait -- it gets worse:The Company has also received a Grand Jury subpoena from the U.S. Attorney's Office seeking documents relating to the termination of our former CFO and relating to the process by which the Company selected its independent audit firm beginning with fiscal year 2015.In other words, Sealed Air might have engaged in some shady accounting practices … they definitely fired their chief financial officer, and now they're potentially knee-deep in legal trouble for the circumstances surrounding the CFO's firing, along with the accounting issues that probably led to that same firing. No Seal of Approval for Sealed Air StockYou're certainly welcome to buy Sealed Air stock shares if you're so inclined; for all we know, the company might come out of this mess unscathed and that could potentially send the SEE stock price soaring.As for me, I'm not prepared to bet on this horse -- the U.S. Attorney's Office isn't known for clemency, and I'm not known for fighting uphill battles.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Don't Seal Your Fate by Holding Sealed Air Stock appeared first on InvestorPlace.
