Sonoco Products (SON) Set to Announce Earnings on Thursday

Sonoco Products (NYSE:SON) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, July 18th. Analysts expect Sonoco Products to post earnings of $0.96 per share for the quarter. Sonoco Products has set its Q2 guidance at $0.93-0.99 EPS and its FY19 guidance at $3.52-3.62 EPS.

Sonoco Products (NYSE:SON) last released its earnings results on Thursday, April 18th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. Sonoco Products had a return on equity of 19.57% and a net margin of 5.76%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. On average, analysts expect Sonoco Products to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SON opened at $64.16 on Wednesday. The firm has a fifty day simple moving average of $64.80. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 3.90 and a beta of 0.94. Sonoco Products has a 12-month low of $50.30 and a 12-month high of $66.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 0.91.

SON has been the subject of several recent research reports. ValuEngine upgraded YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Bank of America set a $80.00 price objective on Colgate-Palmolive and gave the stock a “buy” rating in a report on Friday, July 12th. KeyCorp reiterated a “hold” rating on shares of Sonoco Products in a report on Sunday, April 21st. BMO Capital Markets lowered Sonoco Products from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $60.00 to $56.00 in a report on Monday. Finally, Wells Fargo & Co set a $58.00 price objective on Sonoco Products and gave the stock a “hold” rating in a report on Monday, April 22nd. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $58.86.

In other Sonoco Products news, SVP R. Howard Coker sold 6,484 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $61.94, for a total transaction of $401,618.96. Following the transaction, the senior vice president now directly owns 215,108 shares in the company, valued at $13,323,789.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Roger P. Schrum sold 812 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $62.25, for a total value of $50,547.00. Following the transaction, the vice president now owns 7,938 shares in the company, valued at $494,140.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,381 shares of company stock valued at $758,537. 1.30% of the stock is owned by corporate insiders.

Sonoco Products Company Profile

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

Further Reading: Neutral Rating

Earnings History for Sonoco Products (NYSE:SON)

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