Sonoco Products (NYSE:SON - Free Report) - Equities researchers at Seaport Res Ptn issued their Q1 2025 earnings per share estimates for shares of Sonoco Products in a report released on Tuesday, February 25th. Seaport Res Ptn analyst M. Weintraub forecasts that the industrial products company will post earnings of $1.42 per share for the quarter. The consensus estimate for Sonoco Products' current full-year earnings is $6.10 per share. Seaport Res Ptn also issued estimates for Sonoco Products' Q2 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.95 EPS, Q4 2025 earnings at $1.08 EPS and FY2025 earnings at $5.95 EPS.
Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company lowered their target price on shares of Sonoco Products from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. StockNews.com downgraded Sonoco Products from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Truist Financial cut their price objective on Sonoco Products from $68.00 to $60.00 and set a "buy" rating for the company in a report on Friday, February 21st. Bank of America increased their target price on Sonoco Products from $66.00 to $71.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Citigroup cut their price target on Sonoco Products from $59.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Sonoco Products presently has a consensus rating of "Hold" and a consensus target price of $58.50.
Check Out Our Latest Report on Sonoco Products
Sonoco Products Stock Down 2.0 %
SON stock traded down $0.95 during midday trading on Friday, hitting $46.33. The company's stock had a trading volume of 806,594 shares, compared to its average volume of 818,989. The firm's 50-day moving average is $47.77 and its 200-day moving average is $50.94. The company has a current ratio of 0.79, a quick ratio of 1.91 and a debt-to-equity ratio of 2.18. Sonoco Products has a 12 month low of $44.35 and a 12 month high of $61.73. The company has a market cap of $4.55 billion, a PE ratio of 28.08, a P/E/G ratio of 0.76 and a beta of 0.67.
Sonoco Products (NYSE:SON - Get Free Report) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.01). Sonoco Products had a return on equity of 20.81% and a net margin of 2.60%. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.67 billion.
Institutional Investors Weigh In On Sonoco Products
Large investors have recently made changes to their positions in the company. Creative Planning increased its stake in Sonoco Products by 4.3% during the third quarter. Creative Planning now owns 11,435 shares of the industrial products company's stock worth $625,000 after acquiring an additional 473 shares during the last quarter. Raymond James & Associates increased its position in shares of Sonoco Products by 18.1% during the 3rd quarter. Raymond James & Associates now owns 121,583 shares of the industrial products company's stock valued at $6,642,000 after purchasing an additional 18,648 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Sonoco Products by 5,363.0% during the 3rd quarter. International Assets Investment Management LLC now owns 13,275 shares of the industrial products company's stock valued at $725,000 after buying an additional 13,032 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Sonoco Products by 3.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 55,948 shares of the industrial products company's stock worth $3,056,000 after buying an additional 1,962 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Sonoco Products by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 11,351 shares of the industrial products company's stock worth $620,000 after buying an additional 770 shares during the last quarter. 77.69% of the stock is owned by institutional investors.
Insider Transactions at Sonoco Products
In other Sonoco Products news, Director Robert R. Hill, Jr. sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $47.95, for a total value of $191,800.00. Following the completion of the transaction, the director now directly owns 16,065 shares in the company, valued at $770,316.75. This represents a 19.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John R. Haley acquired 3,000 shares of Sonoco Products stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $46.76 per share, with a total value of $140,280.00. Following the completion of the purchase, the director now owns 18,558 shares of the company's stock, valued at approximately $867,772.08. This represents a 19.28 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.51% of the company's stock.
Sonoco Products Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 26th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Wednesday, February 26th. Sonoco Products's payout ratio is 126.06%.
About Sonoco Products
(
Get Free Report)
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.
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