Sonoco Products (NYSE:SON – Get Free Report) issued its earnings results on Wednesday. The industrial products company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.26 by $0.02, Briefing.com reports. Sonoco Products had a return on equity of 20.79% and a net margin of 5.86%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the firm posted $1.38 earnings per share. Sonoco Products’s revenue was down 4.8% compared to the same quarter last year.
Sonoco Products Trading Up 1.3 %
SON stock traded up $0.68 during trading on Wednesday, hitting $53.87. The company had a trading volume of 1,131,141 shares, compared to its average volume of 572,261. The firm has a 50-day moving average price of $54.60 and a 200-day moving average price of $56.38. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 2.30 and a beta of 0.68. Sonoco Products has a 12 month low of $48.22 and a 12 month high of $61.73. The company has a quick ratio of 0.83, a current ratio of 1.31 and a debt-to-equity ratio of 1.08.
Sonoco Products Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Friday, August 9th. Sonoco Products’s dividend payout ratio (DPR) is presently 52.53%.
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About Sonoco Products
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.
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