Sonoco Products (SON) to Release Earnings on Thursday
Sonoco Products (NYSE:SON) will announce its earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $0.73 per share for the quarter.
Shares of Sonoco Products (NYSE:SON) opened at $50.19 on Wednesday. Sonoco Products has a 1 year low of $47.10 and a 1 year high of $55.77. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.59. The firm has a market cap of $4,965.08, a P/E ratio of 18.45, a PEG ratio of 3.42 and a beta of 1.12.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Sonoco Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Barclays raised their price target on shares of Sonoco Products from $48.00 to $49.00 and gave the stock an “underweight” rating in a research report on Friday, October 20th. KeyCorp reissued a “hold” rating on shares of Sonoco Products in a research report on Thursday, October 19th. Finally, Robert W. Baird reissued a “buy” rating and set a $60.00 price target on shares of Sonoco Products in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.43.
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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