Sonoco Products (SON) to Release Earnings on Tuesday

Sonoco Products (NYSE:SON - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $1.42 per share and revenue of $2.02 billion for the quarter. Sonoco Products has set its FY 2025 guidance at 6.000-6.200 EPS.

Sonoco Products (NYSE:SON - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.01). Sonoco Products had a net margin of 2.60% and a return on equity of 20.81%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.67 billion. On average, analysts expect Sonoco Products to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Sonoco Products Stock Down 0.4 %

Shares of Sonoco Products stock traded down $0.17 during trading hours on Friday, reaching $46.23. 412,829 shares of the company's stock were exchanged, compared to its average volume of 748,716. The stock has a market cap of $4.56 billion, a P/E ratio of 28.02, a P/E/G ratio of 0.76 and a beta of 0.64. The company has a 50 day moving average of $45.70 and a two-hundred day moving average of $48.59. The company has a current ratio of 0.79, a quick ratio of 1.91 and a debt-to-equity ratio of 2.18. Sonoco Products has a fifty-two week low of $39.46 and a fifty-two week high of $61.73.

Sonoco Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, May 9th. This is a boost from Sonoco Products's previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a yield of 4.59%. Sonoco Products's dividend payout ratio is 128.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SON shares. Truist Financial cut their price objective on Sonoco Products from $60.00 to $54.00 and set a "buy" rating for the company in a report on Tuesday. Jefferies Financial Group initiated coverage on shares of Sonoco Products in a research report on Tuesday. They set a "buy" rating and a $62.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of Sonoco Products from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. StockNews.com upgraded shares of Sonoco Products from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Citigroup lowered their price target on Sonoco Products from $59.00 to $55.00 and set a "buy" rating on the stock 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 five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.43.

Insider Buying and Selling at Sonoco Products

In other news, CEO R. Howard Coker bought 20,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $46.10 per share, with a total value of $922,000.00. Following the completion of the purchase, the chief executive officer now directly owns 482,365 shares of the company's stock, valued at approximately $22,237,026.50. This represents a 4.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director John R. Haley bought 3,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $46.76 per share, for a total transaction of $140,280.00. Following the acquisition, the director now owns 18,558 shares of the company's stock, valued at $867,772.08. This trade represents a 19.28 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.74% 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.