Wall Street brokerages predict that Sonoco Products Co (NYSE:SON) will announce $0.72 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Sonoco Products’ earnings, with estimates ranging from $0.69 to $0.74. Sonoco Products posted earnings of $0.59 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22%. The business is expected to announce its next quarterly earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Sonoco Products will report full year earnings of $3.20 per share for the current year, with EPS estimates ranging from $3.18 to $3.25. For the next year, analysts expect that the firm will report earnings of $3.42 per share, with EPS estimates ranging from $3.35 to $3.50. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Sonoco Products.
Sonoco Products (NYSE:SON) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Sonoco Products had a net margin of 3.48% and a return on equity of 16.63%. 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 business earned $0.62 earnings per share. Sonoco Products’s revenue was up 13.7% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ffcm LLC purchased a new position in shares of Sonoco Products in the third quarter valued at approximately $113,000. First Personal Financial Services lifted its stake in Sonoco Products by 235.7% in the fourth quarter. First Personal Financial Services now owns 2,182 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 1,532 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Sonoco Products by 68.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,027 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 1,233 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in Sonoco Products in the fourth quarter worth approximately $176,000. Finally, Howland Capital Management LLC purchased a new position in Sonoco Products in the fourth quarter worth approximately $201,000. 70.72% of the stock is owned by institutional investors and hedge funds.
Shares of Sonoco Products (NYSE SON) traded down $0.14 on Monday, hitting $48.86. 287,633 shares of the company’s stock were exchanged, compared to its average volume of 455,412. Sonoco Products has a 1-year low of $47.00 and a 1-year high of $55.77. The firm has a market capitalization of $4,860.00, a PE ratio of 39.75, a PEG ratio of 3.28 and a beta of 1.19. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.74.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Wednesday, February 28th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Tuesday, February 27th. Sonoco Products’s payout ratio is 126.83%.
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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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