Wall Street analysts expect that Sonoco Products Co (NYSE:SON) will post $0.73 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sonoco Products’ earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.72. Sonoco Products reported earnings of $0.62 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.7%. The business is expected to report its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Sonoco Products will report full-year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.78 to $2.82. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.05 per share, with EPS estimates ranging from $2.99 to $3.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Sonoco Products.
Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.27 billion. Sonoco Products had a return on equity of 16.40% and a net margin of 5.63%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share.
In related news, SVP Vicki B. Arthur sold 727 shares of Sonoco Products stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $53.00, for a total value of $38,531.00. Following the completion of the sale, the senior vice president now directly owns 33,998 shares in the company, valued at approximately $1,801,894. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Barry L. Saunders sold 5,645 shares of Sonoco Products stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $52.39, for a total value of $295,741.55. Following the completion of the sale, the chief financial officer now owns 60,455 shares of the company’s stock, valued at $3,167,237.45. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SON. Renaissance Technologies LLC increased its holdings in Sonoco Products by 455.3% in the 2nd quarter. Renaissance Technologies LLC now owns 806,800 shares of the industrial products company’s stock worth $41,486,000 after buying an additional 661,500 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Sonoco Products in the 2nd quarter worth about $33,327,000. American Century Companies Inc. increased its holdings in Sonoco Products by 15.7% in the 3rd quarter. American Century Companies Inc. now owns 2,579,422 shares of the industrial products company’s stock worth $130,132,000 after buying an additional 349,455 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Sonoco Products in the 3rd quarter worth about $15,695,000. Finally, Wells Fargo & Company MN increased its holdings in Sonoco Products by 7.4% in the 2nd quarter. Wells Fargo & Company MN now owns 3,662,913 shares of the industrial products company’s stock worth $188,346,000 after buying an additional 251,027 shares in the last quarter. Institutional investors own 72.04% of the company’s stock.
Shares of Sonoco Products (SON) traded up $0.01 during trading on Wednesday, reaching $53.89. The company’s stock had a trading volume of 664,329 shares, compared to its average volume of 610,300. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.11. The stock has a market capitalization of $5,282.16, a price-to-earnings ratio of 19.81, a P/E/G ratio of 3.72 and a beta of 1.15. Sonoco Products has a fifty-two week low of $47.10 and a fifty-two week high of $55.77.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, November 9th. Sonoco Products’s dividend payout ratio is presently 57.35%.
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Sonoco Products Company Profile
Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.
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