Sonoco Products Company (NYSE:SON) is set to announce its earnings results before the market opens on Thursday, July 20th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Sonoco Products has set its Q2 guidance at $0.67-0.73 EPS and its FY17 guidance at $2.73-2.83 EPS.
Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, April 20th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Sonoco Products had a net margin of 5.93% and a return on equity of 17.10%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue was down 4.4% on a year-over-year basis. On average, analysts expect Sonoco Products to post $2.77 EPS for the current fiscal year and $3.01 EPS for the next fiscal year.
Sonoco Products Company (NYSE SON) opened at 51.78 on Tuesday. The firm has a market cap of $5.15 billion, a PE ratio of 18.82 and a beta of 1.14. Sonoco Products Company has a 52 week low of $49.50 and a 52 week high of $55.58. The stock has a 50 day moving average of $50.88 and a 200-day moving average of $52.72.
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SON has been the subject of a number of research analyst reports. Barclays PLC reaffirmed an “overweight” rating on shares of Sonoco Products in a research report on Friday, April 14th. Jefferies Group LLC reissued a “neutral” rating on shares of Sonoco Products in a research report on Wednesday, June 28th. Zacks Investment Research raised shares of Sonoco Products from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Thursday, June 22nd. DA Davidson raised shares of Sonoco Products from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $48.00 to $54.00 in a research report on Friday, April 21st. Finally, BidaskClub raised shares of Sonoco Products from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $48.50.
In related news, VP Marcy J. Thompson sold 940 shares of the business’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $53.28, for a total value of $50,083.20. Following the completion of the transaction, the vice president now owns 8,489 shares of the company’s stock, valued at $452,293.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.
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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