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

Sonoco Products (NYSE:SON) announced its quarterly earnings results on Monday. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04, FiscalAI reports. Sonoco Products had a return on equity of 20.49% and a net margin of 8.82%.The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.76 billion. Sonoco Products updated its FY 2026 guidance to 5.800-6.200 EPS.

Sonoco Products Stock Performance

Shares of SON stock opened at $51.66 on Tuesday. The firm’s 50 day moving average is $46.69 and its 200 day moving average is $44.47. The stock has a market capitalization of $5.10 billion, a P/E ratio of 8.20, a PEG ratio of 0.80 and a beta of 0.54. Sonoco Products has a 12 month low of $38.65 and a 12 month high of $52.38. The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 1.14.

Sonoco Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, February 25th. Sonoco Products’s dividend payout ratio is presently 33.65%.

Hedge Funds Weigh In On Sonoco Products

Large investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. raised its stake in shares of Sonoco Products by 477.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company’s stock valued at $257,561,000 after purchasing an additional 4,880,438 shares during the period. AQR Capital Management LLC grew its holdings in Sonoco Products by 357.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company’s stock valued at $90,693,000 after buying an additional 1,654,576 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Sonoco Products by 2,813.2% during the fourth quarter. Squarepoint Ops LLC now owns 876,895 shares of the industrial products company’s stock valued at $38,268,000 after buying an additional 846,794 shares during the period. Charter Oak Advisors LP purchased a new stake in shares of Sonoco Products in the fourth quarter worth about $16,613,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Sonoco Products in the second quarter worth about $11,569,000. 77.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SON. Wells Fargo & Company reissued an “equal weight” rating and issued a $47.00 price objective (down previously from $52.00) on shares of Sonoco Products in a research report on Tuesday, January 6th. Truist Financial boosted their price target on shares of Sonoco Products from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Sonoco Products in a report on Wednesday, January 21st. UBS Group boosted their target price on shares of Sonoco Products from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group reduced their target price on shares of Sonoco Products from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.86.

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.