Sonoco Products (NYSE:SON) Updates FY 2026 Earnings Guidance

Sonoco Products (NYSE:SON) updated its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 5.800-6.200 for the period, compared to the consensus estimate of 5.820. The company issued revenue guidance of $7.3 billion-$7.8 billion, compared to the consensus revenue estimate of $7.4 billion.

Sonoco Products Price Performance

SON stock traded up $0.47 during trading on Wednesday, hitting $55.18. The company had a trading volume of 1,317,582 shares, compared to its average volume of 1,184,847. The company has a fifty day moving average price of $51.68 and a two-hundred day moving average price of $51.80. Sonoco Products has a fifty-two week low of $38.65 and a fifty-two week high of $58.44. The company has a market cap of $5.46 billion, a P/E ratio of 5.41, a P/E/G ratio of 1.19 and a beta of 0.37. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.04. Sonoco Products had a return on equity of 16.50% and a net margin of 13.57%.Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. Equities research analysts expect that Sonoco Products will post 5.79 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SON. Wall Street Zen downgraded shares of Sonoco Products from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group decreased their price objective on shares of Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Argus raised shares of Sonoco Products to a “hold” rating in a report on Monday, April 20th. Robert W. Baird cut their target price on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sonoco Products has an average rating of “Hold” and a consensus target price of $61.33.

Insider Buying and Selling

In other news, insider James A. Harrell III bought 6,753 shares of the stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $50.37 per share, with a total value of $340,148.61. Following the purchase, the insider owned 10,070 shares of the company’s stock, valued at approximately $507,225.90. This represents a 203.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul Joachimczyk bought 8,058 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were purchased at an average price of $49.64 per share, with a total value of $399,999.12. Following the transaction, the chief financial officer owned 28,558 shares of the company’s stock, valued at $1,417,619.12. The trade was a 39.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Sonoco Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SON. Focus Partners Wealth bought a new position in shares of Sonoco Products in the 3rd quarter valued at about $645,000. Kestra Advisory Services LLC lifted its holdings in Sonoco Products by 32.9% in the fourth quarter. Kestra Advisory Services LLC now owns 14,537 shares of the industrial products company’s stock valued at $634,000 after buying an additional 3,596 shares during the period. Empowered Funds LLC lifted its holdings in Sonoco Products by 14.1% in the first quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company’s stock valued at $522,000 after buying an additional 1,364 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Sonoco Products during the 3rd quarter worth $507,000. Finally, Inspire Investing LLC acquired a new stake in shares of Sonoco Products during the fourth quarter worth $467,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

About Sonoco Products

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.