Sonoco Products Co (NYSE:SON) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Sonoco Products in a research note issued to investors on Thursday. KeyCorp analyst A. Josephson forecasts that the industrial products company will post earnings per share of $0.72 for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Sonoco Products’ Q2 2018 earnings at $0.81 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $3.18 EPS and FY2019 earnings at $3.35 EPS.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Sonoco Products from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Friday, January 12th. Robert W. Baird reissued a “buy” rating and issued a $60.00 price objective on shares of Sonoco Products in a research report on Friday, November 10th. Finally, Barclays raised shares of Sonoco Products from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $49.00 to $55.00 in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Sonoco Products currently has an average rating of “Hold” and a consensus target price of $53.43.
Shares of Sonoco Products (NYSE:SON) opened at $49.91 on Monday. The stock has a market cap of $4,960.00, a PE ratio of 19.96, a price-to-earnings-growth ratio of 3.35 and a beta of 1.12. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 1.09. Sonoco Products has a 52-week low of $47.10 and a 52-week high of $55.77.
Sonoco Products (NYSE:SON) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Sonoco Products had a net margin of 3.48% and a return on equity of 16.63%. Sonoco Products’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Wednesday, February 28th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.56 annualized dividend and a dividend yield of 3.13%. Sonoco Products’s dividend payout ratio is currently 62.40%.
Several large investors have recently bought and sold shares of SON. Janus Henderson Group PLC raised its holdings in shares of Sonoco Products by 56.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,011,830 shares of the industrial products company’s stock valued at $51,047,000 after purchasing an additional 363,692 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of 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 valued at $130,132,000 after purchasing an additional 349,455 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Sonoco Products in the 3rd quarter valued at about $15,695,000. Allianz Asset Management GmbH raised its holdings in shares of Sonoco Products by 743.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 235,196 shares of the industrial products company’s stock valued at $11,865,000 after purchasing an additional 207,320 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Sonoco Products by 376.8% in the 3rd quarter. Stifel Financial Corp now owns 166,379 shares of the industrial products company’s stock valued at $8,393,000 after purchasing an additional 131,485 shares in the last quarter. Institutional investors and hedge funds own 72.23% of the company’s stock.
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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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