Sonoco Products (SON) to Release Quarterly Earnings on Tuesday

Sonoco Products (NYSE:SON - Get Free Report) is anticipated to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.18 per share and revenue of $1.67 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Sonoco Products Stock Performance

Shares of NYSE SON traded down $0.41 during trading hours on Friday, reaching $47.79. 596,953 shares of the stock were exchanged, compared to its average volume of 715,248. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 0.76 and a beta of 0.67. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.91 and a current ratio of 2.36. Sonoco Products has a 52 week low of $45.93 and a 52 week high of $61.73. The stock's fifty day simple moving average is $48.61 and its 200 day simple moving average is $51.20.

Sonoco Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.08 dividend on an annualized basis and a yield of 4.35%. Sonoco Products's dividend payout ratio (DPR) is presently 71.48%.

Insider Activity at Sonoco Products

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 stock was sold at an average price of $47.95, for a total transaction of $191,800.00. Following the completion of the transaction, the director now owns 16,065 shares in the company, valued at approximately $770,316.75. The trade was a 19.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SON. Bank of America raised 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. Robert W. Baird reduced their target price on Sonoco Products from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Wells Fargo & Company reduced their target price on Sonoco Products from $52.00 to $50.00 and set an "underweight" rating on the stock in a report on Monday, January 6th. Truist Financial raised their target price on Sonoco Products from $63.00 to $68.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Citigroup reduced their target price on Sonoco Products from $59.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Sonoco Products has an average rating of "Moderate Buy" and an average price target of $60.17.

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.