Sonoco Products (NYSE:SON) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.60-3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.64. Sonoco Products also updated its FY20 guidance to $3.60-$3.70 EPS.

Shares of NYSE SON traded down $0.81 during mid-day trading on Friday, reaching $56.80. The company had a trading volume of 529,452 shares, compared to its average volume of 408,119. Sonoco Products has a twelve month low of $55.12 and a twelve month high of $66.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.20. The stock has a market capitalization of $5.64 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 3.43 and a beta of 0.93. The stock’s 50 day moving average is $58.97 and its 200-day moving average is $58.72.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sonoco Products had a net margin of 5.99% and a return on equity of 20.08%. Sonoco Products’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. On average, sell-side analysts anticipate that Sonoco Products will post 3.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.03%. The ex-dividend date is Tuesday, February 25th. Sonoco Products’s payout ratio is 51.04%.

Several equities analysts have commented on SON shares. BMO Capital Markets reissued a hold rating and set a $56.00 target price on shares of Sonoco Products in a research report on Monday, December 30th. Vertical Research raised shares of Sonoco Products from a sell rating to a hold rating in a research report on Friday, October 18th. Robert W. Baird downgraded shares of Sonoco Products from an outperform rating to a neutral rating and set a $65.00 target price on the stock. in a research report on Tuesday, January 7th. ValuEngine raised shares of Sonoco Products from a sell rating to a hold rating in a research report on Friday, November 1st. Finally, Vertical Group raised shares of Sonoco Products from a sell rating to a hold rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $61.20.

In other Sonoco Products news, VP James A. Harrell III sold 825 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $60.00, for a total transaction of $49,500.00. Following the completion of the sale, the vice president now directly owns 16,413 shares in the company, valued at $984,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Harold G. Cummings III sold 532 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $60.52, for a total transaction of $32,196.64. Following the sale, the vice president now owns 2,832 shares of the company’s stock, valued at $171,392.64. The disclosure for this sale can be found here. Insiders have sold 1,858 shares of company stock worth $112,759 over the last three months. Company insiders own 1.30% of the company’s stock.

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.

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