News stories about Sonoco Products (NYSE:SON) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sonoco Products earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.9676517569035 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
SON has been the subject of several analyst reports. Zacks Investment Research raised shares of Sonoco Products from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, June 22nd. Vertical Research raised shares of Sonoco Products from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set a $48.00 price target (up previously from $47.00) on shares of Sonoco Products in a research report on Sunday, April 23rd. DA Davidson raised shares of Sonoco Products from an “underperform” rating to a “neutral” rating and increased their price target for the company from $48.00 to $54.00 in a research report on Friday, April 21st. Finally, Robert W. Baird raised shares of Sonoco Products from a “neutral” rating to an “outperform” rating and increased their price target for the company from $55.00 to $60.00 in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $52.57.
Sonoco Products (SON) opened at 48.02 on Friday. Sonoco Products has a 52 week low of $47.52 and a 52 week high of $55.58. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 18.23 and a beta of 1.12. The company has a 50 day moving average of $50.31 and a 200 day moving average of $51.97.
Sonoco Products (NYSE:SON) last announced its earnings results on Thursday, July 20th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. Sonoco Products had a return on equity of 16.64% and a net margin of 5.61%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $0.73 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Sonoco Products will post $2.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 11th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.25%. Sonoco Products’s dividend payout ratio (DPR) is 59.09%.
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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.
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