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

Sonoco Products (NYSE:SON - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.000-6.2 for the period, compared to the consensus EPS estimate of 5.998. The company issued revenue guidance of -.

Sonoco Products Stock Performance

Shares of NYSE:SON traded down $0.24 during trading on Friday, reaching $48.34. The stock had a trading volume of 1,164,116 shares, compared to its average volume of 981,950. Sonoco Products has a 52 week low of $39.46 and a 52 week high of $56.77. The stock has a fifty day simple moving average of $45.55 and a two-hundred day simple moving average of $45.97. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.61 and a beta of 0.68. The company has a quick ratio of 0.51, a current ratio of 1.25 and a debt-to-equity ratio of 1.53.

Sonoco Products (NYSE:SON - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by ($0.07). Sonoco Products had a return on equity of 20.46% and a net margin of 8.35%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The firm's quarterly revenue was up 17.7% on a year-over-year basis. As a group, analysts anticipate that Sonoco Products will post 6.1 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, August 8th. This represents a $2.12 dividend on an annualized basis and a yield of 4.39%. Sonoco Products's dividend payout ratio is currently 37.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SON shares. Truist Financial boosted their target price on shares of Sonoco Products from $53.00 to $58.00 and gave the company a "buy" rating in a research note on Friday. Raymond James Financial lifted their price target on Sonoco Products from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Jefferies Financial Group started coverage on Sonoco Products in a report on Tuesday, April 22nd. They issued a "buy" rating and a $62.00 price target for the company. UBS Group lifted their price target on Sonoco Products from $48.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Wall Street Zen raised Sonoco Products from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $57.63.

Insider Activity

In other news, Director John R. Haley acquired 2,246 shares of the stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $44.57 per share, for a total transaction of $100,104.22. Following the transaction, the director directly owned 20,804 shares of the company's stock, valued at approximately $927,234.28. This represents a 12.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Howard Coker acquired 20,000 shares of the stock in a transaction on Thursday, May 1st. The shares were purchased at an average price of $41.17 per share, for a total transaction of $823,400.00. Following the transaction, the chief executive officer directly owned 502,365 shares in the company, valued at approximately $20,682,367.05. This trade represents a 4.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 27,721 shares of company stock valued at $1,144,366. 0.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC increased its position in shares of Sonoco Products by 14.1% in the first quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company's stock worth $522,000 after purchasing an additional 1,364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sonoco Products by 44.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,093 shares of the industrial products company's stock worth $2,319,000 after purchasing an additional 15,079 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Sonoco Products by 80.8% in the first quarter. Goldman Sachs Group Inc. now owns 206,493 shares of the industrial products company's stock worth $9,755,000 after purchasing an additional 92,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Sonoco Products by 87.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 545,179 shares of the industrial products company's stock worth $25,754,000 after purchasing an additional 255,055 shares during the period. Institutional investors own 77.69% 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.