Sonoco Products Company (NYSE:SON) – Jefferies Group decreased their Q3 2017 earnings per share (EPS) estimates for Sonoco Products in a report released on Thursday. Jefferies Group analyst P. Ng now anticipates that the industrial products company will earn $0.76 per share for the quarter, down from their previous forecast of $0.78. Jefferies Group currently has a “Neutral” rating on the stock. Jefferies Group also issued estimates for Sonoco Products’ FY2017 earnings at $2.77 EPS and FY2018 earnings at $3.10 EPS.

Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of Sonoco Products from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. DA Davidson upgraded shares of Sonoco Products from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $48.00 to $54.00 in a research report on Friday, April 21st. Vertical Research lowered shares of Sonoco Products from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research lowered shares of Sonoco Products from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Robert W. Baird upgraded shares of Sonoco Products from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $55.00 to $60.00 in a research report on Wednesday, July 19th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.57.

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Sonoco Products (NYSE SON) opened at 49.44 on Monday. The firm’s 50-day moving average price is $51.29 and its 200 day moving average price is $52.53. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 18.77 and a beta of 1.14. Sonoco Products has a one year low of $48.86 and a one year high of $55.58.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, July 20th. The industrial products company reported $0.71 earnings per share for the quarter, meeting the consensus estimate of $0.71. Sonoco Products had a return on equity of 16.64% and a net margin of 5.61%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company earned $0.73 earnings per share. Sonoco Products’s revenue was up 2.9% compared to the same quarter last year.

Institutional investors have recently bought and sold shares of the company. United Services Automobile Association boosted its position in Sonoco Products by 109.6% in the first quarter. United Services Automobile Association now owns 18,360 shares of the industrial products company’s stock worth $972,000 after buying an additional 9,600 shares during the period. Ameritas Investment Partners Inc. boosted its position in Sonoco Products by 7.0% in the first quarter. Ameritas Investment Partners Inc. now owns 38,856 shares of the industrial products company’s stock worth $2,056,000 after buying an additional 2,549 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Sonoco Products by 2,582.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 24,085 shares of the industrial products company’s stock worth $1,275,000 after buying an additional 23,187 shares during the period. Russell Investments Group Ltd. boosted its position in Sonoco Products by 8.4% in the first quarter. Russell Investments Group Ltd. now owns 96,899 shares of the industrial products company’s stock worth $5,128,000 after buying an additional 7,478 shares during the period. Finally, Legal & General Group Plc boosted its position in Sonoco Products by 47.3% in the first quarter. Legal & General Group Plc now owns 110,390 shares of the industrial products company’s stock worth $5,843,000 after buying an additional 35,429 shares during the period. Hedge funds and other institutional investors own 74.12% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 11th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.56 dividend on an annualized basis and a yield of 3.16%. Sonoco Products’s payout ratio is presently 59.09%.

Sonoco Products Company Profile

Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.

Earnings History and Estimates for Sonoco Products (NYSE:SON)

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