Sonoco (SON) Releases FY18 Earnings Guidance

Sonoco (NYSE:SON) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.22-3.32 for the period, compared to the Thomson Reuters consensus estimate of $3.22. Sonoco also updated its Q2 guidance to $0.83-0.89 EPS.

NYSE:SON opened at $49.93 on Thursday. The company has a market cap of $4,970.39, a P/E ratio of 17.90, a PEG ratio of 3.34 and a beta of 1.12. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Sonoco has a 1-year low of $46.55 and a 1-year high of $55.77.

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Sonoco (NYSE:SON) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. Sonoco had a return on equity of 16.63% and a net margin of 3.48%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. equities research analysts forecast that Sonoco will post 3.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 11th will be issued a dividend of $0.41 per share. This is a boost from Sonoco’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 3.28%. Sonoco’s dividend payout ratio (DPR) is presently 55.91%.

SON has been the subject of several research reports. Bank of America cut Sonoco from a buy rating to a neutral rating and set a $59.00 price target for the company. in a report on Monday, April 2nd. Zacks Investment Research raised Sonoco from a hold rating to a buy rating and set a $56.00 price target for the company in a report on Tuesday, February 13th. UBS initiated coverage on Sonoco in a report on Friday, April 13th. They set a buy rating and a $55.00 price target for the company. Vertical Research raised Sonoco from a hold rating to a buy rating in a report on Friday, March 23rd. Finally, TheStreet cut Sonoco from a b rating to a c+ rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Sonoco has an average rating of Hold and a consensus target price of $53.88.

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About Sonoco

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

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