NYSE:SONSonoco Products Stock Price, Forecast & News

$54.51

+1.90 (+3.61 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$53.45

Now: $54.51▼

$54.57

50-Day Range

$44.43

MA: $48.63▼

$52.51

52-Week Range

$37.30

Now: $54.51▼

$66.57

Volume23,928 shs

Average Volume476,004 shs

Market Capitalization$5.47 billion

P/E Ratio18.54

Dividend Yield3.28%

Beta0.82

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-assurance 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.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Sonoco Products has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 5 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $55.57, Sonoco Products has a potential upside of 1.9% from its current price of $54.51.
Amount of Analyst Coverage
Sonoco Products has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.5 Community Rank

Outperform Votes
Sonoco Products has received 638 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sonoco Products has received 631 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sonoco Products has received 50.28% “outperform” votes from our community.

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.

5.0 Dividend Strength

Dividend Leadership
Sonoco Products is a leading dividend payer. It pays a dividend yield of 3.28%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Sonoco Products has been increasing its dividend for 39 years.
Dividend Coverage
The dividend payout ratio of Sonoco Products is 48.73 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sonoco Products will have a dividend payout ratio of 50.15 % next year. This indicates that Sonoco Products will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sonoco Products insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.58% of the stock of Sonoco Products is held by insiders.
Percentage Held by Institutions
73.93% of the stock of Sonoco Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Sonoco Products are expected to grow by 5.54% in the coming year, from $3.25 to $3.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sonoco Products is 18.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sonoco Products is 18.54, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.32.
Price to Earnings Growth Ratio
Sonoco Products has a PEG Ratio of 3.22. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Sonoco Products has a P/B Ratio of 3.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.39 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Paperboard containers & boxes

Sub-IndustryPaper Packaging

SectorIndustrial Products

Current SymbolNYSE:SON

Previous Symbol

CUSIP83549510

CIK91767

Webwww.sonoco.com

Phone843-383-7000

Debt

Debt-to-Equity Ratio0.68

Current Ratio1.11

Quick Ratio0.74

Price-To-Earnings

Trailing P/E Ratio18.54

Forward P/E Ratio16.77

P/E Growth3.22

Sales & Book Value

Annual Sales$5.37 billion

Price / Sales1.02

Cash Flow$6.19 per share

Price / Cash Flow8.80

Book Value$18.14 per share

Price / Book3.00

Profitability

EPS (Most Recent Fiscal Year)$3.53

Net Income$291.79 million

Net Margins5.61%

Return on Equity20.13%

Return on Assets7.30%

Miscellaneous

Employees23,000

Outstanding Shares100,330,000

Market Cap$5.47 billion

Next Earnings Date7/16/2020 (Estimated)

OptionableOptionable

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Sonoco Products (NYSE:SON) Frequently Asked Questions

How has Sonoco Products' stock been impacted by COVID-19 (Coronavirus)?

Sonoco Products' stock was trading at $47.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SON shares have increased by 14.3% and is now trading at $54.51. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Sonoco Products?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonoco Products in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Sonoco Products.

When is Sonoco Products' next earnings date?

Sonoco Products is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Sonoco Products.

How were Sonoco Products' earnings last quarter?

Sonoco Products Co (NYSE:SON) released its earnings results on Thursday, April, 16th. The industrial products company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.84 by $0.10. The industrial products company earned $1.30 billion during the quarter, compared to analyst estimates of $1.36 billion. Sonoco Products had a net margin of 5.61% and a return on equity of 20.13%. The firm's revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. View Sonoco Products' earnings history.

How often does Sonoco Products pay dividends? What is the dividend yield for Sonoco Products?

Sonoco Products declared a quarterly dividend on Wednesday, April 15th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.43 per share on Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, May 7th. View Sonoco Products' dividend history.

What guidance has Sonoco Products issued on next quarter's earnings?

Sonoco Products updated its second quarter earnings guidance on Thursday, April, 16th. The company provided EPS guidance of $0.73-0.83 for the period, compared to the Thomson Reuters consensus estimate of $0.92.

What price target have analysts set for SON?

11 brokerages have issued twelve-month price targets for Sonoco Products' stock. Their forecasts range from $50.00 to $60.00. On average, they expect Sonoco Products' stock price to reach $55.57 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price. View analysts' price targets 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, "Sonoco’s first-quarter 2020 earnings per share (EPS) beat the Zacks Consensus Estimate and improved year over year. Sales however missed the consensus mark and declined year on year. It has withdrawn the 2020 financial guidance due to the uncertainty related to the coronavirus pandemic. The company has provided guidance for second-quarter 2020 and expects adjusted EPS at 73- 83 cents compared with the year-ago quarter’s 95 cents. The guidance reflects a negative price/cost relationship, due to higher recycled fiber costs, and a negative impact from a strong U.S. dollar. Moreover, the company’s results will likely be hurt by weak demand across its business due to the pandemic. However, Sonoco will gain from growth in consumer-related businesses and its focus on improving productivity, cost control and solid financial position." (5/22/2020)
2. KeyCorp analysts commented, "We think SON remains a solid defensive holding; only valuation keeps us on the sidelines." (7/18/2019)

Has Sonoco Products been receiving favorable news coverage?

Media headlines about SON stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sonoco Products earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutSonoco Products.

Who are some of Sonoco Products' key competitors?

Some companies that are related to Sonoco Products include Komatsu (KMTUY), Ferguson (FERGY), Kubota (KUBTY), W W Grainger (GWW), Amcor (AMCR), BAE Systems (BA), Techtronic Industries (TTNDY), Dover (DOV), Zebra Technologies (ZBRA), ASHTEAD GRP PLC/ADR (ASHTY), NortonLifeLock (NLOK), BRAMBLES LTD/S (BXBLY), Ingersoll-Rand (IR), IDEX (IEX) and Xylem (XYL). View all competitors.

What other stocks do shareholders of Sonoco Products own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonoco Products investors own include RPM International (RPM), AT&T (T), Home Depot (HD), Cisco Systems (CSCO), Verizon Communications (VZ), Coca-Cola (KO), Altria Group (MO), PepsiCo (PEP), Procter & Gamble (PG) and Intel (INTC).

Who are Sonoco Products' key executives?

Sonoco Products' management team includes the following people:

Mr. Harris E. DeLoach Jr., Exec. Chairman (Age 74)
Mr. Robert C. Tiede, Pres, CEO & Director (Age 60)
Mr. Rodger D. Fuller, Sr. VP of Global Consumer Packaging, Display & Packaging and Protective Solutions (Age 57)
Mr. Robert Howard Coker, Sr. VP of Global Paper & Industrial Converted Products (Age 56)
Ms. Julie C. Albrecht, VP & CFO (Age 51)

What is Sonoco Products' stock symbol?

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

Who are Sonoco Products' major shareholders?

Sonoco Products' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.96%), State Street Corp (6.40%), Invesco Ltd. (4.35%), Victory Capital Management Inc. (1.43%), Victory Capital Management Inc. (1.43%) and Bank of New York Mellon Corp (1.29%). Company insiders that own Sonoco Products stock include Allan H Mcleland, Barry L Saunders, Harold G Cummings III, James A Harrell III, Kevin P Mahoney, Marcy J Thompson, R Howard Coker, Rodger D Fuller, Roger P Schrum and Vicki B Arthur. View institutional ownership trends for Sonoco Products.

Which institutional investors are selling Sonoco Products stock?

SON stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, State Street Corp, BlackRock Inc., APG Asset Management N.V., APG Asset Management N.V., Retirement Systems of Alabama, Principal Financial Group Inc., and Victory Capital Management Inc.. Company insiders that have sold Sonoco Products company stock in the last year include Harold G Cummings III, James A Harrell III, and Marcy J Thompson. View insider buying and selling activity for Sonoco Products.

Which institutional investors are buying Sonoco Products stock?

SON stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, APG Asset Management N.V., Morgan Stanley, Morgan Stanley, Bessemer Group Inc., Deutsche Bank AG, Pictet Asset Management Ltd., and Country Club Trust Company n.a.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Sonoco Products' stock price today?

One share of SON stock can currently be purchased for approximately $54.51.

How big of a company is Sonoco Products?

Sonoco Products has a market capitalization of $5.47 billion and generates $5.37 billion in revenue each year. The industrial products company earns $291.79 million in net income (profit) each year or $3.53 on an earnings per share basis. Sonoco Products employs 23,000 workers across the globe.

What is Sonoco Products' official website?

The official website for Sonoco Products is www.sonoco.com.

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff