Sonoco Products to Post Q4 2024 Earnings of $1.26 Per Share, Seaport Res Ptn Forecasts (NYSE:SON)

Sonoco Products (NYSE:SON) – Investment analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share estimates for Sonoco Products in a research report issued on Tuesday, August 6th. Seaport Res Ptn analyst M. Weintraub now expects that the industrial products company will post earnings per share of $1.26 for the quarter, down from their prior estimate of $1.30. The consensus estimate for Sonoco Products’ current full-year earnings is $5.09 per share. Seaport Res Ptn also issued estimates for Sonoco Products’ Q1 2025 earnings at $1.19 EPS, Q2 2025 earnings at $1.37 EPS and Q3 2025 earnings at $1.56 EPS.

Sonoco Products (NYSE:SON) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.02. Sonoco Products had a return on equity of 20.10% and a net margin of 5.57%. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the business earned $1.38 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis.

SON has been the topic of a number of other research reports. Wells Fargo & Company decreased their target price on shares of Sonoco Products from $55.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Raymond James began coverage on Sonoco Products in a research note on Friday, July 19th. They issued an “outperform” rating and a $62.00 price objective on the stock. Citigroup dropped their price target on Sonoco Products from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, StockNews.com lowered shares of Sonoco Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Sonoco Products currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.67.

Sonoco Products Trading Up 0.0 %

NYSE:SON traded up $0.01 during mid-day trading on Thursday, hitting $48.99. The company had a trading volume of 467,809 shares, compared to its average volume of 582,481. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.85 and a current ratio of 1.30. The firm has a market cap of $4.81 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.93 and a beta of 0.68. The business’s fifty day moving average is $53.19 and its two-hundred day moving average is $56.05. Sonoco Products has a fifty-two week low of $48.22 and a fifty-two week high of $61.73.

Sonoco Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 4.25%. Sonoco Products’s dividend payout ratio (DPR) is 52.53%.

Institutional Trading of Sonoco Products

Several institutional investors have recently modified their holdings of SON. Raymond James & Associates boosted its holdings in shares of Sonoco Products by 12.8% during the fourth quarter. Raymond James & Associates now owns 97,601 shares of the industrial products company’s stock worth $5,453,000 after purchasing an additional 11,043 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Sonoco Products by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,335 shares of the industrial products company’s stock worth $1,360,000 after purchasing an additional 2,342 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in Sonoco Products during the fourth quarter worth about $207,000. International Assets Investment Management LLC boosted its holdings in shares of Sonoco Products by 5,486.7% in the fourth quarter. International Assets Investment Management LLC now owns 9,274 shares of the industrial products company’s stock worth $518,000 after buying an additional 9,108 shares during the period. Finally, Miller Howard Investments Inc. NY lifted its stake in Sonoco Products by 5.6% in the 4th quarter. Miller Howard Investments Inc. NY now owns 9,135 shares of the industrial products company’s stock worth $510,000 after acquiring an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.

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.