Sonoco Products (NYSE:SON) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Sonoco Products (NYSE:SON) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04, Zacks reports. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. Sonoco Products updated its FY 2026 guidance to 5.800-6.200 EPS.

Sonoco Products Stock Up 0.9%

Shares of Sonoco Products stock traded up $0.47 during trading on Wednesday, reaching $55.18. The company had a trading volume of 1,317,583 shares, compared to its average volume of 1,184,849. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.54 and a current ratio of 0.96. Sonoco Products has a fifty-two week low of $38.65 and a fifty-two week high of $58.44. The firm’s fifty day moving average is $51.68 and its 200-day moving average is $51.80. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 5.41, a price-to-earnings-growth ratio of 1.19 and a beta of 0.37.

Sonoco Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, August 10th. Sonoco Products’s dividend payout ratio is 21.18%.

Insider Transactions at Sonoco Products

In other news, CFO Paul Joachimczyk purchased 8,058 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average cost of $49.64 per share, for a total transaction of $399,999.12. Following the completion of the purchase, the chief financial officer owned 28,558 shares of the company’s stock, valued at approximately $1,417,619.12. This trade represents a 39.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James A. Harrell III acquired 6,753 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average cost of $50.37 per share, with a total value of $340,148.61. Following the completion of the acquisition, the insider owned 10,070 shares of the company’s stock, valued at $507,225.90. The trade was a 203.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sonoco Products

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in Sonoco Products by 1,826.9% in the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 950 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sonoco Products during the 3rd quarter worth approximately $56,000. Parallel Advisors LLC lifted its holdings in shares of Sonoco Products by 73.5% in the 4th quarter. Parallel Advisors LLC now owns 1,320 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 559 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Sonoco Products by 315.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 1,205 shares during the period. Finally, Ameriflex Group Inc. boosted its position in Sonoco Products by 82.1% during the 4th quarter. Ameriflex Group Inc. now owns 1,639 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 739 shares during the period. 77.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SON shares. Deutsche Bank Aktiengesellschaft started coverage on Sonoco Products in a research report on Wednesday, April 1st. They set a “buy” rating and a $63.00 target price on the stock. Citigroup raised their price objective on Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Bank of America lifted their price objective on Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings lowered Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Finally, Argus upgraded Sonoco Products to a “hold” rating in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.33.

Sonoco Products Company Profile

Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.

With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.