Sonoco Products (NYSE:SON) Releases FY 2025 Earnings Guidance

Sonoco Products (NYSE:SON - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 6.000-6.200 for the period, compared to the consensus estimate of 6.400. The company issued revenue guidance of -.

Sonoco Products Trading Up 1.4 %

Shares of SON stock traded up $0.64 on Friday, hitting $46.88. 974,004 shares of the company's stock traded hands, compared to its average volume of 777,641. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.91 and a current ratio of 0.79. Sonoco Products has a one year low of $44.35 and a one year high of $61.73. The company's fifty day simple moving average is $48.12 and its 200 day simple moving average is $51.02. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 0.76 and a beta of 0.67.

Sonoco Products (NYSE:SON - Get Free Report) last announced its quarterly 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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.67 billion. Sonoco Products had a return on equity of 20.81% and a net margin of 2.60%. Equities analysts forecast that Sonoco Products will post 6.1 EPS for the current year.

Sonoco Products Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.08 annualized dividend and a dividend yield of 4.44%. Sonoco Products's dividend payout ratio is 126.06%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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 research report on Monday, January 6th. Robert W. Baird lowered their price target on shares of Sonoco Products from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Bank of America lifted their price target 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. Truist Financial lowered their price target on shares of Sonoco Products from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Friday. Finally, Citigroup lowered their price target on shares of Sonoco Products from $59.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sonoco Products currently has an average rating of "Hold" and a consensus price target of $58.83.

Insiders Place Their Bets

In other Sonoco Products news, Director Robert R. Hill, Jr. sold 4,000 shares of Sonoco Products stock in a transaction dated 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 of the company's stock, valued at approximately $770,316.75. The trade was a 19.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.