Brokerages expect Sonoco Products Co (NYSE:SON) to report $1.25 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Sonoco Products’ earnings. The highest sales estimate is $1.30 billion and the lowest is $1.20 billion. Sonoco Products posted sales of $1.14 billion in the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Sonoco Products will report full-year sales of $1.25 billion for the current year, with estimates ranging from $4.93 billion to $5.04 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.21 billion per share, with estimates ranging from $5.08 billion to $5.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Sonoco Products.

Sonoco Products (NYSE:SON) last issued its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Sonoco Products had a return on equity of 16.40% and a net margin of 5.63%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year.

Several analysts have recently commented on SON shares. Zacks Investment Research lowered Sonoco Products from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Jefferies Group reiterated a “hold” rating and set a $48.00 price objective on shares of Sonoco Products in a report on Thursday, September 7th. Bank of America upgraded Sonoco Products from an “underperform” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, September 6th. Barclays increased their price objective on Sonoco Products from $48.00 to $49.00 and gave the company an “underweight” rating in a report on Friday, October 20th. Finally, Robert W. Baird reiterated a “buy” rating and set a $60.00 price objective on shares of Sonoco Products in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Sonoco Products currently has an average rating of “Hold” and a consensus target price of $52.00.

Shares of Sonoco Products (NYSE:SON) traded up $0.29 on Friday, hitting $53.80. The stock had a trading volume of 572,422 shares, compared to its average volume of 335,332. Sonoco Products has a 12-month low of $47.10 and a 12-month high of $55.58. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.59. The stock has a market cap of $5,318.94, a price-to-earnings ratio of 19.97, a PEG ratio of 4.10 and a beta of 1.15.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be paid a $0.39 dividend. The ex-dividend date is Thursday, November 9th. This represents a $1.56 dividend on an annualized basis and a yield of 2.90%. Sonoco Products’s dividend payout ratio (DPR) is 57.35%.

In related news, VP Marcy J. Thompson sold 565 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $51.00, for a total value of $28,815.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Barry L. Saunders sold 5,645 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $52.39, for a total value of $295,741.55. Following the completion of the transaction, the chief financial officer now owns 60,455 shares of the company’s stock, valued at approximately $3,167,237.45. The disclosure for this sale can be found here. Insiders sold a total of 6,937 shares of company stock valued at $363,088 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of SON. Bank of Montreal Can raised its stake in Sonoco Products by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 12,995 shares of the industrial products company’s stock worth $669,000 after acquiring an additional 88 shares during the last quarter. ING Groep NV purchased a new position in Sonoco Products in the 2nd quarter worth $622,000. Janney Montgomery Scott LLC raised its stake in Sonoco Products by 6.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,875 shares of the industrial products company’s stock worth $1,228,000 after acquiring an additional 1,343 shares during the last quarter. Speece Thorson Capital Group Inc. raised its stake in Sonoco Products by 0.5% in the 2nd quarter. Speece Thorson Capital Group Inc. now owns 287,503 shares of the industrial products company’s stock worth $14,783,000 after acquiring an additional 1,384 shares during the last quarter. Finally, World Asset Management Inc raised its stake in Sonoco Products by 0.8% in the 2nd quarter. World Asset Management Inc now owns 6,896 shares of the industrial products company’s stock worth $355,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/12/02/analysts-anticipate-sonoco-products-co-son-will-post-quarterly-sales-of-1-25-billion.html.

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.

Get a free copy of the Zacks research report on Sonoco Products (SON)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sonoco Products Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonoco Products Co and related companies with MarketBeat.com's FREE daily email newsletter.