Sonoco Products (SON) Set to Announce Earnings on Thursday

Sonoco Products (NYSE:SON - Get Free Report) is set to release its earnings data after the market closes on Thursday, October 31st. Analysts expect Sonoco Products to post earnings of $1.44 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Sonoco Products (NYSE:SON - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.02. Sonoco Products had a net margin of 5.57% and a return on equity of 20.10%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm earned $1.38 EPS. The business's revenue was down 4.8% on a year-over-year basis. 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 Stock Down 0.1 %

SON traded down $0.03 on Friday, hitting $53.06. 500,732 shares of the company were exchanged, compared to its average volume of 611,521. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a current ratio of 1.30, a quick ratio of 0.85 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $53.94 and a two-hundred day moving average price of $54.77. Sonoco Products has a twelve month low of $48.22 and a twelve month high of $61.73.

Sonoco Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.08 dividend on an annualized basis and a yield of 3.92%. Sonoco Products's dividend payout ratio (DPR) is presently 52.53%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SON shares. Citigroup increased their price objective on Sonoco Products from $62.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company cut shares of Sonoco Products from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $54.00 to $52.00 in a report on Wednesday, August 21st. Raymond James initiated coverage on shares of Sonoco Products in a research report on Friday, July 19th. They set an "outperform" rating and a $62.00 target price for the company. Finally, StockNews.com lowered Sonoco Products from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, Sonoco Products presently has an average rating of "Moderate Buy" and an average price target of $59.00.

About Sonoco Products

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.