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

Key Points

• Sonoco Products has provided updated earnings per share guidance for FY 2025, estimating it will fall between $5.650 and $5.75, below the consensus estimate of $5.870.
• The current average target price for Sonoco Products is $54.50, with a consensus rating of "Hold" from analysts, indicating a mix of Buy and Hold ratings issued by eight brokerages.
• The company recently declared a quarterly dividend of $0.53, representing an annualized yield of 5.1%, with the ex-dividend date set for November 10th.

Sonoco Products (NYSE:SON - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 5.650-5.75 for the period, compared to the consensus earnings per share estimate of 5.870. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several brokerages have recently commented on SON. Weiss Ratings reissued a "hold (c-)" rating on shares of Sonoco Products in a report on Wednesday, October 8th. UBS Group reduced their price objective on Sonoco Products from $50.00 to $46.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Truist Financial reduced their price objective on Sonoco Products from $58.00 to $57.00 and set a "buy" rating on the stock in a report on Monday, October 13th. Bank of America reaffirmed a "neutral" rating and set a $56.00 price objective on shares of Sonoco Products in a report on Thursday, October 9th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Sonoco Products in a report on Friday, October 17th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $54.50.

Sonoco Products Trading Up 1.0%

Shares of SON traded up $0.40 during trading hours on Wednesday, reaching $41.57. The stock had a trading volume of 1,701,370 shares, compared to its average volume of 910,581. The company has a quick ratio of 0.72, a current ratio of 1.25 and a debt-to-equity ratio of 1.53. Sonoco Products has a 52 week low of $39.13 and a 52 week high of $53.69. The firm has a 50-day moving average of $44.67 and a 200 day moving average of $44.95. The company has a market cap of $4.10 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.66 and a beta of 0.68.

Sonoco Products (NYSE:SON - Get Free Report) last issued its earnings results on Wednesday, June 22nd. The industrial products company reported $1.00 earnings per share (EPS) for the quarter. Sonoco Products had a net margin of 8.35% and a return on equity of 20.46%. The business had revenue of $1.35 billion during the quarter. Sonoco Products has set its Q2 2022 guidance at $1.60-$1.70 EPS. On average, sell-side analysts expect that Sonoco Products will post 6.1 earnings per share for the current fiscal year.

Sonoco Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, November 10th. Sonoco Products's payout ratio is presently 37.99%.

Institutional Trading of Sonoco Products

A number of institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 purchasing an additional 15,079 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Sonoco Products by 80.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 206,493 shares of the industrial products company's stock worth $9,755,000 after acquiring an additional 92,286 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Sonoco Products by 14.1% in the 1st quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company's stock worth $522,000 after acquiring an additional 1,364 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Sonoco Products by 87.9% in the 1st 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 acquiring an additional 255,055 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Sonoco Products by 315.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company's stock worth $69,000 after acquiring an additional 1,205 shares during the last quarter. 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.

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