Seaport Res Ptn Comments on Sonoco Products FY2026 Earnings

Sonoco Products (NYSE:SON - Free Report) - Equities research analysts at Seaport Res Ptn issued their FY2026 earnings per share (EPS) estimates for shares of Sonoco Products in a note issued to investors on Tuesday, February 25th. Seaport Res Ptn analyst M. Weintraub anticipates that the industrial products company will post earnings per share of $6.35 for the year. The consensus estimate for Sonoco Products' current full-year earnings is $6.10 per share.

SON has been the topic of a number of other research reports. 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 report on Monday, February 24th. Truist Financial reduced their target price on shares of Sonoco Products from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Bank of America increased their price objective on Sonoco Products from $66.00 to $71.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Citigroup reduced their price target on Sonoco Products from $59.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Robert W. Baird decreased their price objective on shares of Sonoco Products from $58.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $58.50.

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Sonoco Products Stock Performance

Shares of Sonoco Products stock traded down $0.53 on Thursday, reaching $47.29. 834,695 shares of the company traded hands, compared to its average volume of 827,602. The company has a 50 day moving average of $47.81 and a 200 day moving average of $50.96. Sonoco Products has a 52 week low of $44.35 and a 52 week high of $61.73. The firm has a market capitalization of $4.65 billion, a PE ratio of 28.66, a PEG ratio of 0.76 and a beta of 0.67. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.79 and a quick ratio of 1.91.

Sonoco Products (NYSE:SON - Get Free Report) last released its earnings results on Tuesday, February 18th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.01). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.67 billion. Sonoco Products had a net margin of 2.60% and a return on equity of 20.81%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SON. Kennebec Savings Bank bought a new position in shares of Sonoco Products during the 3rd quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in Sonoco Products in the third quarter valued at about $33,000. Colonial Trust Co SC boosted its position in Sonoco Products by 90.6% in the fourth quarter. Colonial Trust Co SC now owns 953 shares of the industrial products company's stock worth $47,000 after purchasing an additional 453 shares during the last quarter. Quarry LP grew its stake in shares of Sonoco Products by 111.3% during the 4th quarter. Quarry LP now owns 970 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 511 shares during the period. Finally, True Wealth Design LLC increased its position in shares of Sonoco Products by 650.7% during the 4th quarter. True Wealth Design LLC now owns 1,096 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 950 shares during the last quarter. Institutional investors own 77.69% of the company's stock.

Insiders Place Their Bets

In other Sonoco Products news, Director Robert R. Hill, Jr. sold 4,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was 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 owns 16,065 shares of the company's stock, valued at approximately $770,316.75. The trade was a 19.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John R. Haley purchased 3,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $46.76 per share, for a total transaction of $140,280.00. Following the acquisition, the director now owns 18,558 shares in the company, valued at approximately $867,772.08. The trade was 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 26th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Wednesday, February 26th. Sonoco Products's dividend payout ratio (DPR) is presently 126.06%.

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.