Sonoco Products (SON) Releases FY19 Earnings Guidance

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Sonoco Products (NYSE:SON) issued an update on its FY19 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $3.47-3.57 for the period, compared to the Thomson Reuters consensus estimate of $3.51. Sonoco Products also updated its Q4 guidance to $0.75-0.85 EPS.

Shares of SON opened at $56.09 on Friday. The company has a market cap of $5.63 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00. Sonoco Products has a 12-month low of $46.55 and a 12-month high of $58.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.19 and a current ratio of 1.66.

Sonoco Products (NYSE:SON) last issued its earnings results on Thursday, October 18th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Sonoco Products had a return on equity of 18.42% and a net margin of 4.53%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. On average, equities analysts expect that Sonoco Products will post 3.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 9th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, November 8th. Sonoco Products’s dividend payout ratio (DPR) is presently 58.78%.

SON has been the topic of several recent analyst reports. KeyCorp reissued a hold rating on shares of Sonoco Products in a research note on Thursday, October 18th. Zacks Investment Research raised Sonoco Products from a hold rating to a buy rating and set a $65.00 target price on the stock in a research note on Tuesday, September 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $58.80.

In other Sonoco Products news, VP Marcy J. Thompson sold 693 shares of Sonoco Products stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $55.00, for a total value of $38,115.00. Following the sale, the vice president now owns 15,410 shares of the company’s stock, valued at approximately $847,550. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP James A. Harrell III sold 734 shares of Sonoco Products stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $57.00, for a total value of $41,838.00. Following the completion of the sale, the vice president now directly owns 13,881 shares in the company, valued at approximately $791,217. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

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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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Earnings History and Estimates for Sonoco Products (NYSE:SON)

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