Sonoco Products (NYSE:SON) Updates 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 earnings per share (EPS) guidance of 6.000-6.2 for the period, compared to the consensus estimate of 5.998. The company issued revenue guidance of -.

Sonoco Products Stock Performance

Sonoco Products stock traded down $0.24 during trading on Friday, hitting $48.34. The stock had a trading volume of 1,164,116 shares, compared to its average volume of 850,957. Sonoco Products has a 1 year low of $39.46 and a 1 year high of $56.77. The company has a quick ratio of 0.51, a current ratio of 0.80 and a debt-to-equity ratio of 2.02. The stock's 50 day moving average is $45.52 and its two-hundred day moving average is $45.97. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.63 and a beta of 0.68.

Sonoco Products (NYSE:SON - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.07). The company had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.92 billion. Sonoco Products had a return on equity of 22.24% and a net margin of 8.35%. The company's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. As a group, analysts predict that Sonoco Products will post 6.1 EPS for the current year.

Sonoco Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a $0.53 dividend. The ex-dividend date is Friday, August 8th. This represents a $2.12 annualized dividend and a dividend yield of 4.39%. Sonoco Products's payout ratio is currently 137.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SON shares. Raymond James Financial increased their target price on Sonoco Products from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. UBS Group increased their target price on Sonoco Products from $48.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday. Jefferies Financial Group started coverage on Sonoco Products in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $62.00 target price on the stock. Truist Financial increased their target price on Sonoco Products from $53.00 to $58.00 and gave the company a "buy" rating in a research note on Friday. Finally, Wells Fargo & Company upgraded shares of Sonoco Products from an "underweight" rating to an "overweight" rating and upped their price target for the company from $45.00 to $55.00 in a research report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $57.63.

Insiders Place Their Bets

In other Sonoco Products news, Director John R. Haley bought 2,246 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was acquired at an average price of $44.57 per share, with a total value of $100,104.22. Following the completion of the purchase, the director owned 20,804 shares of the company's stock, valued at approximately $927,234.28. This trade represents a 12.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO R. Howard Coker bought 20,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were acquired at an average cost of $41.17 per share, with a total value of $823,400.00. Following the purchase, the chief executive officer directly owned 502,365 shares of the company's stock, valued at approximately $20,682,367.05. This represents a 4.15% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 27,721 shares of company stock worth $1,144,366 over the last three months. Company insiders own 0.74% of the company's stock.

Hedge Funds Weigh In On Sonoco Products

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

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.