About Sonoco Products (NYSE:SON)
Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures. The Display and Packaging segment offers point-of-purchase displays; supply chain management services comprising contract packing, fulfillment, and scalable service centers; retail packaging, including printed backer cards, thermoformed blisters, and heat sealing equipment; and paper amenities, such as coasters and glass covers. The Paper and Industrial Converted Products segment provides paperboard tubes and cores; fiber-based construction tubes and forms; wooden, metal, and composite wire and cable reels and spools; and recycled paperboard, linerboard, corrugating medium, recovered paper, and material recycling services. The Protective Solutions segment provides custom-engineered, paperboard-based, and expanded foam protective packaging and components; and temperature-assured packaging products. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.
Industry, Sector and Symbol
Industry Paperboard containers & boxes
Sub-IndustryPaper Packaging
SectorIndustrial Products
SymbolNYSE:SON
CUSIP83549510
Phone843-383-7000
Debt
Debt-to-Equity Ratio0.72
Current Ratio1.61
Quick Ratio1.16
Price-To-Earnings
Trailing P/E Ratio18.92
Forward P/E Ratio16.03
P/E Growth3.45
Sales & Book Value
Annual Sales$5.04 billion
Price / Sales1.04
Cash Flow$5.0085 per share
Price / Cash10.53
Book Value$17.41 per share
Price / Book3.03
Profitability
EPS (Most Recent Fiscal Year)$2.79
Net Income$175.34 million
Net Margins3.79%
Return on Equity17.02%
Return on Assets6.56%
Miscellaneous
Employees21,000
Outstanding Shares99,560,000
Sonoco Products (NYSE:SON) Frequently Asked Questions
What is Sonoco Products' stock symbol?
Sonoco Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "SON."
How often does Sonoco Products pay dividends? What is the dividend yield for Sonoco Products?
Sonoco Products declared a quarterly dividend on Wednesday, April 18th. Shareholders of record on Friday, May 11th will be paid a dividend of $0.41 per share on Friday, June 8th. This represents a $1.64 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, May 10th. This is a boost from Sonoco Products's previous quarterly dividend of $0.39. View Sonoco Products' Dividend History.
How were Sonoco Products' earnings last quarter?
Sonoco Products Co (NYSE:SON) issued its earnings results on Thursday, April, 19th. The industrial products company reported $0.74 EPS for the quarter, beating the Zacks' consensus estimate of $0.72 by $0.02. The industrial products company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.29 billion. Sonoco Products had a net margin of 3.79% and a return on equity of 17.02%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. View Sonoco Products' Earnings History.
When is Sonoco Products' next earnings date?
What guidance has Sonoco Products issued on next quarter's earnings?
Sonoco Products updated its FY18 earnings guidance on Thursday, April, 19th. The company provided earnings per share (EPS) guidance of $3.22-3.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.22. Sonoco Products also updated its Q2 guidance to $0.83-0.89 EPS.
What price target have analysts set for SON?
7 brokerages have issued 1-year price targets for Sonoco Products' stock. Their forecasts range from $45.00 to $60.00. On average, they expect Sonoco Products' stock price to reach $53.6667 in the next year. View Analyst Ratings for Sonoco Products.
What are Wall Street analysts saying about Sonoco Products stock?
Here are some recent quotes from research analysts about Sonoco Products stock:
- 1. According to Zacks Investment Research, "For full-year 2018, Sonoco expects its adjusted earnings per share will be $3.22-$3.32, reflecting a downward revision in the expected effective tax rate and anticipated earnings accretion from the Highland Packaging acquisition. Compared with the earnings per share in 2017, the mid-point of the guidance reflects year-over-year growth of 17%. For second-quarter 2018, the company projects adjusted earnings per share of 83-89 cents, reflecting 100% year-over-year growth at the mid-point. Sonoco is poised to gain from the Highland Packaging acquisition which will strengthen its thermoforming business. Sonoco's recent agreement to acquire the remaining 70% interest in the Conitex Sonoco joint venture will boost its paper-based tube and core business. Further, its Grow and Optimize strategy will also aid growth. Moreover, the stock has outperformed the industry over the past three months." (5/30/2018)
- 2. KeyCorp analysts commented, "We consider SON a solid defensive holding on account of its relatively low leverage (below 2.0x), high dividend yield, and continued and perhaps underappreciated shift toward consumer-oriented businesses. However, volume/mix remains a challenge, and at nearly 9.0x our 2018 adj. EBITDA estimate, we think the valuation is fair and consequently reiterate our SW rating." (4/19/2018)
Who are some of Sonoco Products' key competitors?
Some companies that are related to Sonoco Products include Tenaris (TS), Kubota (KUBTY), Cintas (CTAS), Ferguson (FERGY), BAE Systems (BA), W W Grainger (GWW), Rolls-Royce (RR), ASHTEAD Grp PLC/ADR (ASHTY), Cimic Group (CIM), Norsk Hydro ASA (NHYDY), TORAY INDUSTRIE/ADR (TRYIY), Xylem (XYL), Ball (BLL), Amcor Limited ADS common stock (AMCRY) and Dover (DOV).
Who are Sonoco Products' key executives?
Sonoco Products' management team includes the folowing people:
- Mr. Harris E. DeLoach Jr., Exec. Chairman (Age 73)
- Mr. Robert C. Tiede, CEO, Pres & Director (Age 59)
- Mr. Barry L. Saunders, Sr. VP & CFO (Age 59)
- Mr. Rodger D. Fuller, Sr. VP of Paper/Industrial Converting Americas, Reels & Display and Packaging (Age 56)
- Mr. Robert Howard Coker, Sr. VP of Rigid Paper Containers & Paper/Engineered Carriers International (Age 55)
Has Sonoco Products been receiving favorable news coverage?
News headlines about SON stock have trended positive on Monday, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sonoco Products earned a media sentiment score of 0.34 on Accern's scale. They also gave media coverage about the industrial products company an impact score of 43.35 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Sonoco Products' major shareholders?
Sonoco Products' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.72%), American Century Companies Inc. (3.19%), Dimensional Fund Advisors LP (1.37%), Northern Trust Corp (0.77%), Millennium Management LLC (0.76%) and LSV Asset Management (0.75%). Company insiders that own Sonoco Products stock include Barry L Saunders, Edgar H Lawton III, James A Harrell III, John E Linville, Kevin P Mahoney, Mancil J Sanders, Marcy J Thompson, R Howard Coker, Robert L Puechl, Rodger D Fuller, Roger P Schrum and Vicki B Arthur. View Institutional Ownership Trends for Sonoco Products.
Which major investors are selling Sonoco Products stock?
SON stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Point72 Asset Management L.P., First Republic Investment Management Inc., Citigroup Inc., JPMorgan Chase & Co., Flinton Capital Management LLC, Tyers Asset Management LLC and Cubist Systematic Strategies LLC. Company insiders that have sold Sonoco Products company stock in the last year include Barry L Saunders, Marcy J Thompson, R Howard Coker, Rodger D Fuller, Roger P Schrum and Vicki B Arthur. View Insider Buying and Selling for Sonoco Products.
Which major investors are buying Sonoco Products stock?
SON stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, American Century Companies Inc., Victory Capital Management Inc., Prudential Financial Inc., LSV Asset Management, Schwab Charles Investment Management Inc., Allianz Asset Management GmbH and Allianz Asset Management GmbH. View Insider Buying and Selling for Sonoco Products.
How do I buy shares of Sonoco Products?
Shares of SON can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sonoco Products' stock price today?
One share of SON stock can currently be purchased for approximately $52.74.
How big of a company is Sonoco Products?
Sonoco Products has a market capitalization of $5.26 billion and generates $5.04 billion in revenue each year. The industrial products company earns $175.34 million in net income (profit) each year or $2.79 on an earnings per share basis. Sonoco Products employs 21,000 workers across the globe.
How can I contact Sonoco Products?
Sonoco Products' mailing address is 1 NORTH SECOND STREET, HARTSVILLE SC, 29550. The industrial products company can be reached via phone at 843-383-7000 or via email at [email protected]
MarketBeat Community Rating for Sonoco Products (SON)
MarketBeat's community ratings are surveys of what our community members think about Sonoco Products and other stocks. Vote "Outperform" if you believe SON will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SON will underperform the S&P 500 over the long term. You may vote once every thirty days.
