Sonoco Products (NYSE:SON – Get Free Report) posted its earnings results on Thursday. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04, Briefing.com reports. Sonoco Products had a net margin of 4.38% and a return on equity of 20.03%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year.
Sonoco Products Stock Down 2.6 %
Shares of NYSE SON opened at $51.14 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.30 and a quick ratio of 0.85. The stock has a market capitalization of $5.02 billion, a PE ratio of 17.57, a P/E/G ratio of 2.20 and a beta of 0.69. Sonoco Products has a one year low of $48.22 and a one year high of $61.73. The business’s fifty day moving average price is $54.03 and its 200-day moving average price is $54.56.
Sonoco Products Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Friday, November 8th. Sonoco Products’s payout ratio is 71.48%.
Analysts Set New Price Targets
About Sonoco Products
Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.
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