Sonoco Products (SON) Scheduled to Post Earnings on Wednesday

Sonoco Products (NYSE:SON) is scheduled to announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $1.26 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Sonoco Products (NYSE:SON) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. Sonoco Products had a net margin of 5.86% and a return on equity of 20.79%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the company earned $1.40 earnings per share. Sonoco Products’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, analysts expect Sonoco Products to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sonoco Products Stock Performance

SON traded up $0.69 on Tuesday, reaching $53.17. The company had a trading volume of 95,640 shares, compared to its average volume of 565,289. Sonoco Products has a 1 year low of $48.22 and a 1 year high of $61.73. The stock has a market capitalization of $5.22 billion, a PE ratio of 13.25, a P/E/G ratio of 2.30 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 1.31 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average price of $54.91 and a 200-day moving average price of $56.42.

Sonoco Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a $0.52 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 3.91%. Sonoco Products’s dividend payout ratio (DPR) is presently 52.53%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SON shares. Wells Fargo & Company reduced their price target on shares of Sonoco Products from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Raymond James initiated coverage on shares of Sonoco Products in a report on Friday, July 19th. They issued an “outperform” rating and a $62.00 target price for the company. StockNews.com cut shares of Sonoco Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Citigroup reduced their target price on shares of Sonoco Products from $64.00 to $60.00 and set a “buy” rating for the company in a report on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

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.