Sonoco Products (SON) to Release Earnings on Tuesday

Sonoco Products (NYSE:SON - Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Sonoco Products (NYSE:SON - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.02). Sonoco Products had a return on equity of 22.42% and a net margin of 7.00%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm posted $1.27 EPS. Sonoco Products's quarterly revenue was down 2.4% on a year-over-year basis. 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 Price Performance

Shares of Sonoco Products stock traded down $0.48 during trading on Thursday, reaching $56.13. 316,667 shares of the company's stock were exchanged, compared to its average volume of 431,907. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.76. Sonoco Products has a 1-year low of $49.98 and a 1-year high of $63.74. The company has a market cap of $5.51 billion, a P/E ratio of 11.69, a PEG ratio of 2.15 and a beta of 0.68. The firm's 50-day moving average price is $56.92 and its 200 day moving average price is $55.90.

Sonoco Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, May 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.71%. This is a boost from Sonoco Products's previous quarterly dividend of $0.51. Sonoco Products's payout ratio is 42.50%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SON shares. Citigroup lowered their target price on Sonoco Products from $66.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, April 4th. TheStreet cut Sonoco Products from a "b-" rating to a "c+" rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company lowered their target price on Sonoco Products from $58.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $63.00.

Insider Buying and Selling at Sonoco Products

In other Sonoco Products news, insider Russell K. Grissett sold 2,039 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $56.06, for a total value of $114,306.34. Following the transaction, the insider now owns 11,988 shares in the company, valued at $672,047.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Russell K. Grissett sold 2,039 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $56.06, for a total value of $114,306.34. Following the completion of the sale, the insider now directly owns 11,988 shares of the company's stock, valued at $672,047.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Adam Wood sold 537 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $57.04, for a total value of $30,630.48. Following the completion of the sale, the vice president now directly owns 28,273 shares of the company's stock, valued at $1,612,691.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,076 shares of company stock worth $749,002. Insiders own 0.51% of the company's stock.

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.