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

Sonoco Products (NYSE:SON) issued an update on its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 5.300-5.500 for the period, compared to the consensus EPS estimate of 5.730. The company issued revenue guidance of $7.2 billion-$7.4 billion, compared to the consensus revenue estimate of $7.4 billion.

Sonoco Products Stock Down 1.8%

Shares of NYSE SON traded down $0.93 during mid-day trading on Friday, reaching $49.34. 269,761 shares of the company’s stock traded hands, compared to its average volume of 1,162,852. The stock has a market cap of $4.88 billion, a P/E ratio of 7.85, a PEG ratio of 1.44 and a beta of 0.35. Sonoco Products has a 1-year low of $38.65 and a 1-year high of $60.67. The business has a 50-day simple moving average of $51.52 and a 200 day simple moving average of $52.55. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.55.

Sonoco Products (NYSE:SON) last released its earnings results on Wednesday, October 21st. The industrial products company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.07). Sonoco Products had a positive return on equity of 15.51% and a negative net margin of 3.08%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts expect that Sonoco Products will post 5.64 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, November 10th. Sonoco Products’s dividend payout ratio is 34.34%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SON shares. Truist Financial decreased their target price on shares of Sonoco Products from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Citigroup increased their price objective on shares of Sonoco Products from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Bank of America downgraded shares of Sonoco Products from a “buy” rating to a “neutral” rating and lowered their price target for the company from $69.00 to $60.00 in a report on Thursday, September 3rd. UBS Group decreased their price target on shares of Sonoco Products from $61.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Wells Fargo & Company reduced their price target on shares of Sonoco Products from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $58.89.

About Sonoco Products

Sonoco Products Company is a global packaging company headquartered in Hartsville, South Carolina. Founded in 1899 as the Southern Novelty Company, it has developed from a producer of paper cones for the textile industry into a diversified provider of packaging solutions serving consumer, industrial and commercial customers.

The company manufactures a broad range of products, including composite cans and tubes, paperboard packaging, flexible packaging, thermoformed packaging, rigid plastic containers, protective packaging and packaging components.