Sonoco Products (SON) Scheduled to Post Earnings on Wednesday

Sonoco Products (NYSE:SON) will post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Sonoco Products to post earnings of $1.26 per share for the quarter.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.67 billion. Sonoco Products had a return on equity of 20.79% and a net margin of 5.86%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. On average, analysts expect Sonoco Products to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sonoco Products Trading Down 1.3 %

NYSE SON opened at $51.24 on Thursday. The business’s fifty day moving average is $55.41 and its 200-day moving average is $56.55. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.31 and a quick ratio of 0.83. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.28 and a beta of 0.68. Sonoco Products has a one year low of $48.22 and a one year high of $61.73.

Sonoco Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, August 9th. Sonoco Products’s dividend payout ratio is 52.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Raymond James assumed coverage on shares of Sonoco Products in a research note on Friday, July 19th. They set an “outperform” rating and a $62.00 price target for the company. StockNews.com downgraded Sonoco Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 3rd. Wells Fargo & Company lowered their target price on Sonoco Products from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Finally, Citigroup cut their price target on Sonoco Products from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sonoco Products has an average rating of “Moderate Buy” and an average target price of $59.00.

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.