Sonoco Products - SON Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonoco Products in the last year. There are currently 1 sell rating, 2 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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5 Wall Street analysts have issued 12 month price targets for Sonoco Products' shares. Their SON share price forecasts range from $58.00 to $76.00. On average, they expect the company's share price to reach $66.00 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
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Sonoco Products' stock was trading at $60.71 at the start of the year. Since then, SON stock has increased by 0.9% and is now trading at $61.23.
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Sonoco Products saw a increase in short interest in January. As of January 15th, there was short interest totaling 1,070,000 shares, an increase of 23.7% from the December 31st total of 865,200 shares. Based on an average daily volume of 463,000 shares, the short-interest ratio is presently 2.3 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 Wednesday, February 8th 2023.
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Sonoco Products will be holding an earnings conference call on Thursday, February 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Sonoco Products (NYSE:SON) issued its earnings results on Wednesday, October, 20th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The industrial products company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.37 billion. Sonoco Products had a net margin of 6.19% and a trailing twelve-month return on equity of 31.56%. The firm's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.86 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 dividend yield of 3.20%. The ex-dividend date of this dividend 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 3.25%. The company has been increasing its dividend for 40 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 33.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SON.

Sonoco Products updated 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 Wedge Capital Management L L P NC (0.11%), New York State Common Retirement Fund (0.10%), Gateway Investment Advisers LLC (0.07%), Comerica Bank (0.05%), Naples Global Advisors LLC (0.04%) and Fruth Investment Management (0.04%). 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 $61.23.

Sonoco Products (NYSE:SON) has a market capitalization of $5.97 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.