Sonoco Products (SON) Set to Announce Quarterly Earnings on Tuesday

Sonoco Products (NYSE:SON) will announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.08 per share for the quarter.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.02). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.61 billion. Sonoco Products had a return on equity of 22.42% and a net margin of 7.00%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.27 earnings per share. On average, analysts expect Sonoco Products to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sonoco Products Trading Down 0.8 %

Shares of SON stock traded down $0.43 on Thursday, reaching $56.18. 48,647 shares of the stock were exchanged, compared to its average volume of 428,475. The stock has a market cap of $5.51 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 2.15 and a beta of 0.68. The company has a quick ratio of 1.10, a current ratio of 1.76 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $56.94 and a two-hundred day moving average of $55.90. Sonoco Products has a 1-year low of $49.98 and a 1-year high of $63.74.

Sonoco Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.70%. This is a boost from Sonoco Products’s previous quarterly dividend of $0.51. The ex-dividend date is Thursday, May 9th. Sonoco Products’s dividend payout ratio is 42.50%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SON shares. Citigroup decreased their price target on shares of Sonoco Products from $66.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, April 4th. Wells Fargo & Company decreased their price target on shares of Sonoco Products from $58.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 20th. Finally, TheStreet cut shares of Sonoco Products from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Insider Buying and Selling at Sonoco Products

In other news, VP Adam Wood sold 537 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $57.04, for a total transaction of $30,630.48. Following the transaction, the vice president now owns 28,273 shares of the company’s stock, valued at $1,612,691.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Russell K. Grissett sold 2,039 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $56.06, for a total transaction of $114,306.34. Following the transaction, the insider now owns 11,988 shares of the company’s stock, valued at $672,047.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Adam Wood sold 537 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $57.04, for a total transaction of $30,630.48. Following the completion of the transaction, the vice president now directly owns 28,273 shares in the company, valued at approximately $1,612,691.92. The disclosure for this sale can be found here. Insiders sold a total of 13,076 shares of company stock valued at $749,002 in the last ninety days. Insiders own 0.51% of the company’s stock.

Sonoco Products Company Profile

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.