Sonoco Products (NYSE:SON) Releases Earnings Results, Beats Estimates By $0.04 EPS

Sonoco Products (NYSE:SON) posted its earnings results on Wednesday. The industrial products company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.47 by $0.04, Zacks reports. Sonoco Products had a return on equity of 16.50% and a net margin of 13.57%.The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. Sonoco Products’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sonoco Products updated its FY 2026 guidance to 5.800-6.200 EPS.

Sonoco Products Price Performance

Shares of NYSE SON opened at $55.18 on Thursday. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 5.41, a PEG ratio of 1.19 and a beta of 0.37. The business has a 50-day moving average of $51.79 and a 200-day moving average of $51.88. Sonoco Products has a 1-year low of $38.65 and a 1-year high of $58.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54.

Sonoco Products Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SON. UBS Group cut their target price on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Citigroup raised their price objective on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen cut shares of Sonoco Products from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Robert W. Baird lowered their price objective on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.33.

Insider Transactions at Sonoco Products

In related news, CFO Paul Joachimczyk bought 8,058 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was bought 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 approximately $1,417,619.12. This trade represents a 39.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James A. Harrell III bought 6,753 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was bought at an average price of $50.37 per share, with a total value of $340,148.61. Following the completion of the purchase, the insider owned 10,070 shares of the company’s stock, valued at $507,225.90. This trade represents a 203.59% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.98% of the company’s stock.

Institutional Trading of Sonoco Products

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sonoco Products by 44.3% during 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 last quarter. Goldman Sachs Group Inc. increased its holdings 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 worth $9,755,000 after buying an additional 92,286 shares during the last quarter. Empowered Funds LLC increased 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 worth $522,000 after buying an additional 1,364 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Sonoco Products by 315.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 1,205 shares during the last quarter. 77.69% of the stock is currently owned by institutional investors.

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.