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

Sonoco Products (NYSE:SON) posted its 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 4.38% and a return on equity of 19.92%. Sonoco Products updated its FY 2025 guidance to 6.000-6.200 EPS.

Sonoco Products Stock Up 1.0 %

NYSE:SON traded up $0.46 during midday trading on Tuesday, reaching $48.22. The company had a trading volume of 834,130 shares, compared to its average volume of 719,081. The stock’s fifty day simple moving average is $48.52 and its 200-day simple moving average is $51.13. The company has a current ratio of 2.36, a quick ratio of 1.91 and a debt-to-equity ratio of 1.74. Sonoco Products has a 12-month low of $45.93 and a 12-month high of $61.73. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 0.76 and a beta of 0.67.

Sonoco Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 26th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Wednesday, February 26th. Sonoco Products’s payout ratio is currently 71.48%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SON. Citigroup lowered their price objective on Sonoco Products from $59.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company reduced their price objective on shares of Sonoco Products from $52.00 to $50.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Robert W. Baird lowered their target price on shares of Sonoco Products from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Truist Financial boosted their price target on shares of Sonoco Products from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Bank of America lifted their target price on shares of Sonoco Products from $66.00 to $71.00 and gave the company a “buy” rating in a report on Monday, January 6th. One 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, the company has an average rating of “Moderate Buy” and a consensus price target of $60.17.

Insider Buying and Selling at Sonoco Products

In related news, Director Robert R. Hill, Jr. sold 4,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $770,316.75. This represents a 19.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.51% of the stock is owned by corporate insiders.

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.