Sonoco Products (NYSE:SON) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.16-3.26 for the period, compared to the Thomson Reuters consensus estimate of $3.20. Sonoco Products also updated its Q1 guidance to $0.69-0.75 EPS.
Sonoco Products (SON) opened at $49.90 on Thursday. Sonoco Products has a fifty-two week low of $47.10 and a fifty-two week high of $55.77. The firm has a market cap of $4,988.93, a PE ratio of 18.35, a PEG ratio of 3.44 and a beta of 1.12. The company has a current ratio of 1.59, a quick ratio of 1.11 and a debt-to-equity ratio of 0.74.
Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.01). Sonoco Products had a net margin of 5.63% and a return on equity of 16.40%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company posted $0.62 EPS. Sonoco Products’s revenue for the quarter was up 13.7% on a year-over-year basis. sell-side analysts forecast that Sonoco Products will post 2.8 EPS for the current fiscal year.
Several equities analysts have recently weighed in on SON shares. Zacks Investment Research upgraded shares of Sonoco Products from a hold rating to a buy rating and set a $61.00 price objective on the stock in a report on Friday, January 12th. Robert W. Baird reiterated a buy rating and set a $60.00 price objective on shares of Sonoco Products in a report on Friday, November 10th. KeyCorp reiterated a hold rating on shares of Sonoco Products in a report on Sunday, December 3rd. Finally, Barclays upgraded shares of Sonoco Products from an underweight rating to an equal weight rating and upped their price objective for the company from $49.00 to $55.00 in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $53.43.
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About Sonoco Products
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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