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

Sonoco Products (NYSE:SON) posted its quarterly earnings data on Wednesday. The industrial products company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.47 by $0.04, Zacks reports. Sonoco Products had a return on equity of 16.60% and a net margin of 8.41%.The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $1.37 EPS. Sonoco Products’s quarterly revenue was down 1.3% on a year-over-year basis. Sonoco Products updated its FY 2026 guidance to 5.800-6.200 EPS.

Sonoco Products Price Performance

Shares of SON stock opened at $56.33 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54. The company has a market capitalization of $5.57 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.20 and a beta of 0.37. The firm’s 50-day moving average is $51.93 and its two-hundred day moving average is $51.97. Sonoco Products has a 12 month low of $38.65 and a 12 month high of $58.44.

Sonoco Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.8%. Sonoco Products’s payout ratio is 21.18%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Argus upgraded Sonoco Products to a “hold” rating in a research report on Monday, April 20th. Bank of America upped their target price on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Robert W. Baird reduced 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 report on Thursday, April 23rd. Truist Financial decreased their price target on shares of Sonoco Products from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Weiss Ratings cut shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Sonoco Products presently has an average rating of “Hold” and a consensus target price of $61.33.

Insider Buying and Selling at Sonoco Products

In other news, insider James A. Harrell III purchased 6,753 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was acquired at an average price of $50.37 per share, for a total transaction of $340,148.61. Following the acquisition, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sonoco Products by 44.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,093 shares of the industrial products company’s stock valued at $2,319,000 after purchasing an additional 15,079 shares during the period. Goldman Sachs Group Inc. lifted its position in Sonoco Products by 80.8% in the first quarter. Goldman Sachs Group Inc. now owns 206,493 shares of the industrial products company’s stock valued at $9,755,000 after buying an additional 92,286 shares during the last quarter. Empowered Funds LLC boosted its stake in Sonoco Products by 14.1% during the first quarter. Empowered Funds LLC now owns 11,058 shares of the industrial products company’s stock worth $522,000 after buying an additional 1,364 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Sonoco Products by 87.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 545,179 shares of the industrial products company’s stock valued at $25,754,000 after acquiring an additional 255,055 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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 worth $69,000 after purchasing an additional 1,205 shares during the period. 77.69% of the stock is currently owned by hedge funds and other institutional investors.

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.