Sonoco Products (NYSE:SON) Updates FY 2025 Earnings Guidance

Sonoco Products (NYSE:SON) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.000-6.200 for the period, compared to the consensus earnings per share estimate of 6.400. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SON. Bank of America lifted their price objective 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. Truist Financial lifted their price target on Sonoco Products from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Robert W. Baird dropped their price objective on Sonoco Products from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Citigroup cut their price target on shares of Sonoco Products from $59.00 to $55.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company cut their target price on shares of Sonoco Products from $52.00 to $50.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. One investment 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 MarketBeat.com, Sonoco Products presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.17.

Sonoco Products Price Performance

Shares of NYSE SON opened at $46.44 on Thursday. The firm has a 50-day simple moving average of $48.34 and a 200-day simple moving average of $51.08. The company has a quick ratio of 1.91, a current ratio of 2.36 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 0.77 and a beta of 0.67. Sonoco Products has a 52 week low of $44.35 and a 52 week high of $61.73.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.01). Sonoco Products had a net margin of 2.60% and a return on equity of 20.46%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.67 billion. On average, equities analysts predict that Sonoco Products will post 6.25 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.08 annualized dividend and a yield of 4.48%. Sonoco Products’s dividend payout ratio (DPR) is 126.06%.

Insider Activity at Sonoco Products

In related news, Director Robert R. Hill, Jr. sold 4,000 shares of Sonoco Products stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $47.95, for a total value of $191,800.00. Following the completion of the transaction, the director now owns 16,065 shares in the company, valued at approximately $770,316.75. The trade was a 19.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.51% of the stock is owned by insiders.

About Sonoco Products

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.