Equities research analysts predict that Sonoco Products Co (NYSE:SON) will post $1.27 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Sonoco Products’ earnings, with estimates ranging from $1.23 billion to $1.30 billion. Sonoco Products posted sales of $1.14 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.4%. The business is expected to issue its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Sonoco Products will report full-year sales of $1.27 billion for the current financial year, with estimates ranging from $4.97 billion to $5.04 billion. For the next fiscal year, analysts expect that the business will post sales of $5.25 billion per share, with estimates ranging from $5.18 billion to $5.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Sonoco Products.

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

Several brokerages have issued reports on SON. Barclays upgraded Sonoco Products from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $55.00 in a research note on Friday, December 15th. KeyCorp restated a “hold” rating on shares of Sonoco Products in a research note on Sunday, December 3rd. Robert W. Baird restated a “buy” rating and issued a $60.00 target price on shares of Sonoco Products in a research note on Friday, November 10th. Zacks Investment Research upgraded Sonoco Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group restated a “hold” rating and issued a $48.00 target price on shares of Sonoco Products in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.00.

In related news, SVP Vicki B. Arthur sold 727 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $53.00, for a total transaction of $38,531.00. Following the sale, the senior vice president now directly owns 33,998 shares in the company, valued at approximately $1,801,894. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Barry L. Saunders sold 5,645 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $52.39, for a total value of $295,741.55. Following the sale, the chief financial officer now owns 60,455 shares in the company, valued at $3,167,237.45. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SON. Oppenheimer Asset Management Inc. grew its position in Sonoco Products by 1.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,411 shares of the industrial products company’s stock worth $484,000 after buying an additional 177 shares in the last quarter. People s United Financial Inc. grew its position in Sonoco Products by 1.8% during the second quarter. People s United Financial Inc. now owns 15,732 shares of the industrial products company’s stock worth $809,000 after buying an additional 275 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Sonoco Products by 1.7% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,395 shares of the industrial products company’s stock worth $864,000 after buying an additional 292 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Sonoco Products by 3.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,568 shares of the industrial products company’s stock worth $492,000 after buying an additional 338 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Sonoco Products by 1.2% during the second quarter. Ameritas Investment Partners Inc. now owns 39,341 shares of the industrial products company’s stock worth $2,022,000 after buying an additional 485 shares in the last quarter. Institutional investors own 72.04% of the company’s stock.

Shares of Sonoco Products (NYSE SON) opened at $53.73 on Friday. The stock has a market capitalization of $5,340.00, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 3.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.11. Sonoco Products has a one year low of $47.10 and a one year high of $55.77.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 10th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.90%. Sonoco Products’s payout ratio is 57.35%.

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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.

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