Sonoco Products (SON) Updates Q1 Earnings Guidance

Sonoco Products (NYSE:SON) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.69-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72. Sonoco Products also updated its FY18 guidance to $3.16-3.26 EPS.

Shares of Sonoco Products (NYSE SON) opened at $49.90 on Thursday. Sonoco Products has a 1-year low of $47.10 and a 1-year high of $55.77. The stock has a market capitalization of $4,988.93, a P/E 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 issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Sonoco Products had a return on equity of 16.40% and a net margin of 5.63%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue was up 13.7% on a year-over-year basis. equities research analysts expect that Sonoco Products will post 2.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.13%. Sonoco Products’s dividend payout ratio is presently 57.35%.

SON has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Sonoco Products from a hold rating to a buy rating and set a $56.00 price objective for the company in a report on Tuesday. Robert W. Baird reiterated a buy rating and issued a $60.00 price target on shares of Sonoco Products in a research report on Friday, November 10th. Barclays upgraded shares of Sonoco Products from an underweight rating to an equal weight rating and lifted their price target for the company from $49.00 to $55.00 in a research report on Friday, December 15th. Finally, KeyCorp reiterated a hold rating on shares of Sonoco Products in a research report on Sunday, December 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $53.43.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at

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.

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

Leave a Reply