Sonoco Products - SON Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonoco Products in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SON shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SON, but not buy additional shares or sell existing shares.
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6 equities research analysts have issued 1 year price objectives for Sonoco Products' shares. Their SON share price forecasts range from $58.00 to $76.00. On average, they predict the company's share price to reach $65.17 in the next twelve months. This suggests a possible upside of 7.2% from the stock's current price.
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Sonoco Products' stock was trading at $57.89 at the beginning of 2022. Since then, SON stock has increased by 5.0% and is now trading at $60.80.
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Sonoco Products saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,090,000 shares, a decrease of 41.4% from the October 31st total of 1,860,000 shares. Based on an average daily trading volume, of 530,500 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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Sonoco Products (NYSE:SON) issued its earnings results on Monday, October, 31st. The industrial products company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.43 by $0.17. The industrial products company earned $1.89 billion during the quarter, compared to analysts' expectations of $1.90 billion. Sonoco Products had a trailing twelve-month return on equity of 31.56% and a net margin of 6.19%. The company's revenue was up 33.6% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS.

Sonoco Products declared a quarterly dividend on Wednesday, October 19th. Shareholders of record on Thursday, November 10th will be given a dividend of $0.49 per share on Friday, December 9th. This represents a $1.96 annualized dividend and a yield of 3.22%. The ex-dividend date is Wednesday, November 9th.
Read our dividend analysis for SON.

Sonoco Products (NYSE:SON) pays an annual dividend of $1.96 per share and currently has a dividend yield of 3.22%. The company has been increasing its dividend for 39 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SON will have a dividend payout ratio of 32.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SON.

Sonoco Products issued an update on its fourth quarter 2022 earnings guidance on Monday, November, 7th. The company provided earnings per share (EPS) guidance of $1.20-$1.30 for the period, compared to the consensus EPS estimate of $1.25. The company issued revenue guidance of -.

54 employees have rated Sonoco Products Chief Executive Officer R. Howard Coker on Glassdoor.com. R. Howard Coker has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonoco Products investors own include RPM International (RPM), AT&T (T), Coca-Cola (KO), Procter & Gamble (PG), Johnson & Johnson (JNJ), Altria Group (MO), Verizon Communications (VZ), Intel (INTC), Pfizer (PFE) and Exxon Mobil (XOM).

Sonoco Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "SON."

Sonoco Products' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.25%), Vanguard Group Inc. (11.01%), State Street Corp (8.11%), Royal Bank of Canada (2.56%), Victory Capital Management Inc. (1.97%) and Dimensional Fund Advisors LP (1.94%). Insiders that own company stock include Ernest D Haynes III, Ernest D Haynes III, Harold G Cummings III, James A Harrell III, Jeffrey S Tomaszewski, John M Florence, John M Florence, Julie C Albrecht, Rodger D Fuller and Roger P Schrum.
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Shares of SON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SON stock can currently be purchased for approximately $60.80.

Sonoco Products (NYSE:SON) has a market capitalization of $5.93 billion and generates $5.59 billion in revenue each year. The industrial products company earns $-85,480,000.00 in net income (profit) each year or $4.40 on an earnings per share basis.

The company employs 20,500 workers across the globe.

Sonoco Products' mailing address is 1 NORTH SECOND STREET, HARTSVILLE SC, 29550. The official website for the company is www.sonoco.com. The industrial products company can be reached via phone at (843) 383-7000, via email at roger.schrum@sonoco.com, or via fax at 512-416-9669.