Sonoco Products (SON) Expected to Announce Quarterly Earnings on Tuesday

Sonoco Products (NYSE:SON - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $1.42 per share and revenue of $2.02 billion for the quarter. Sonoco Products has set its FY 2025 guidance at 6.000-6.200 EPS.

Sonoco Products (NYSE:SON - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.01). Sonoco Products had a net margin of 2.60% and a return on equity of 20.81%. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.67 billion. On average, analysts expect Sonoco Products to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Sonoco Products Stock Performance

Shares of SON stock traded down $0.17 during mid-day trading on Friday, hitting $46.23. The stock had a trading volume of 412,829 shares, compared to its average volume of 752,082. The firm has a market cap of $4.56 billion, a PE ratio of 28.02, a PEG ratio of 0.76 and a beta of 0.64. The company's 50-day simple moving average is $45.66 and its 200-day simple moving average is $48.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.79 and a quick ratio of 1.91. Sonoco Products has a fifty-two week low of $39.46 and a fifty-two week high of $61.73.

Sonoco Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Sonoco Products's previous quarterly dividend of $0.52. Sonoco Products's payout ratio is currently 128.48%.

Analyst Ratings Changes

A number of brokerages have weighed in on SON. Truist Financial lowered their price objective on Sonoco Products from $60.00 to $54.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Raymond James decreased their price target on Sonoco Products from $54.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com lowered Sonoco Products from a "hold" rating to a "sell" rating in a research note on Friday. Wells Fargo & Company decreased their price target on Sonoco Products from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. Finally, Jefferies Financial Group initiated coverage on Sonoco Products in a research note on Tuesday, April 22nd. They set a "buy" rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $56.43.

Insider Activity at Sonoco Products

In related news, CEO R. Howard Coker bought 20,000 shares of Sonoco Products stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $46.10 per share, with a total value of $922,000.00. Following the purchase, the chief executive officer now owns 482,365 shares in the company, valued at $22,237,026.50. This represents a 4.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John R. Haley bought 3,000 shares of Sonoco Products stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $46.76 per share, for a total transaction of $140,280.00. Following the purchase, the director now owns 18,558 shares in the company, valued at $867,772.08. This represents a 19.28 % increase in their position. The disclosure for this purchase can be found here. 0.74% of the stock is owned by corporate insiders.

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.