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

Sonoco Products (NYSE:SON) – Seaport Res Ptn cut their Q4 2024 earnings estimates for shares of 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 earn $1.26 per share for the quarter, down from their prior forecast 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.

Several other research analysts have also commented on the company. StockNews.com lowered Sonoco Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 3rd. Raymond James initiated coverage on Sonoco Products in a research note on Friday, July 19th. They issued an “outperform” rating and a $62.00 price target on the stock. Citigroup cut their target price on Sonoco Products from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Finally, Wells Fargo & Company reduced their price objective 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. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.67.

Sonoco Products Stock Performance

Shares of Sonoco Products stock traded up $0.01 during trading hours on Thursday, hitting $48.99. 467,809 shares of the company’s stock traded hands, compared to its average volume of 582,481. Sonoco Products has a 12-month low of $48.22 and a 12-month high of $61.73. The company has a fifty day simple moving average of $53.19 and a 200-day simple moving average of $56.05. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.93 and a beta of 0.68. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.30 and a quick ratio of 0.85.

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

Sonoco Products Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new position in Sonoco Products in the first quarter worth approximately $26,000. FinTrust Capital Advisors LLC grew its position in Sonoco Products by 78.8% during the 1st quarter. FinTrust Capital Advisors LLC now owns 490 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 216 shares during the last quarter. Burkett Financial Services LLC acquired a new position in shares of Sonoco Products in the 4th quarter valued at $30,000. TFO Wealth Partners LLC lifted its holdings in shares of Sonoco Products by 12,183.3% during the fourth quarter. TFO Wealth Partners LLC now owns 737 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 731 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Sonoco Products in the first quarter worth $50,000. 77.69% of the stock is currently owned by institutional investors.

Sonoco Products Company Profile

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.