Sonoco Products (NYSE:SON) Posts Earnings Results, Misses Expectations By $0.01 EPS

Sonoco Products (NYSE:SON - Get Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.01), Zacks reports. Sonoco Products had a net margin of 2.60% and a return on equity of 20.81%. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.67 billion. Sonoco Products updated its FY 2025 guidance to 6.000-6.200 EPS.

Sonoco Products Stock Up 1.4 %

Shares of NYSE SON traded up $0.64 on Friday, reaching $46.88. 974,004 shares of the company's stock traded hands, compared to its average volume of 777,641. Sonoco Products has a 12 month low of $44.35 and a 12 month high of $61.73. The company has a quick ratio of 1.91, a current ratio of 0.79 and a debt-to-equity ratio of 2.18. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 0.76 and a beta of 0.67. The business's 50 day simple moving average is $48.12 and its two-hundred day simple moving average is $51.02.

Sonoco Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend yield of 4.44%. The ex-dividend date is Wednesday, February 26th. Sonoco Products's dividend payout ratio is presently 126.06%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SON. Wells Fargo & Company dropped their target price on shares of Sonoco Products from $52.00 to $50.00 and set an "underweight" rating for the company in a report on Monday, January 6th. StockNews.com cut Sonoco Products from a "buy" rating to a "hold" rating in a report on Thursday. Citigroup reduced their target price on Sonoco Products from $59.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Robert W. Baird decreased their target price on Sonoco Products from $58.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, November 4th. Finally, Bank of America boosted their price objective on shares of Sonoco Products from $66.00 to $71.00 and gave the company a "buy" rating in a research report on Monday, January 6th. 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $58.83.

Insider Buying and Selling at Sonoco Products

In related news, Director Robert R. Hill, Jr. sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $47.95, for a total transaction of $191,800.00. Following the sale, the director now directly owns 16,065 shares of the company's stock, valued at approximately $770,316.75. This represents a 19.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.51% of the stock is owned by company insiders.

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.