Sonoco Products (NYSE:SON) Announces Earnings Results, Misses Expectations By $0.37 EPS

Sonoco Products (NYSE:SON) announced its earnings results on Tuesday. The industrial products company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37), FiscalAI reports. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 13.34% and a return on equity of 18.52%. Sonoco Products’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 EPS. Sonoco Products updated its FY 2026 guidance to 5.800-6.200 EPS.

Sonoco Products Stock Up 0.0%

SON opened at $56.82 on Wednesday. Sonoco Products has a 12 month low of $38.65 and a 12 month high of $58.44. The business has a 50-day moving average of $54.43 and a two-hundred day moving average of $47.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.05 and a quick ratio of 0.60. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 1.13 and a beta of 0.50.

Sonoco Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be issued a $0.54 dividend. This is a positive change from Sonoco Products’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 8th. This represents a $2.16 annualized dividend and a yield of 3.8%. Sonoco Products’s dividend payout ratio (DPR) is presently 21.05%.

Insider Buying and Selling at Sonoco Products

In related news, insider Ernest D. Haynes III sold 1,581 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $56.39, for a total value of $89,152.59. Following the sale, the insider directly owned 9,377 shares of the company’s stock, valued at approximately $528,769.03. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sonoco Products

A number of large investors have recently bought and sold shares of SON. Hsbc Holdings PLC grew its stake in shares of Sonoco Products by 5.2% during the 4th quarter. Hsbc Holdings PLC now owns 6,073 shares of the industrial products company’s stock valued at $265,000 after buying an additional 299 shares during the period. Invesco Ltd. raised its position in shares of Sonoco Products by 13.5% in the 4th quarter. Invesco Ltd. now owns 1,498,703 shares of the industrial products company’s stock worth $65,403,000 after buying an additional 178,638 shares during the period. Ameriflex Group Inc. boosted its holdings in Sonoco Products by 82.1% in the fourth quarter. Ameriflex Group Inc. now owns 1,639 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 739 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Sonoco Products by 22.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 34,582 shares of the industrial products company’s stock valued at $1,509,000 after acquiring an additional 6,345 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in Sonoco Products during the fourth quarter valued at about $922,000. Hedge funds and other institutional investors own 77.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. UBS Group reduced their price objective 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. Bank of America raised shares of Sonoco Products from a “neutral” rating to a “buy” rating and boosted their target price for the company from $56.00 to $60.00 in a research note on Monday, January 5th. Robert W. Baird upped their target price on shares of Sonoco Products from $48.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Raymond James Financial reaffirmed a “market perform” rating on shares of Sonoco Products in a research note on Friday, March 6th. Finally, Truist Financial cut their price objective on shares of Sonoco Products from $69.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sonoco Products presently has an average rating of “Hold” and a consensus target price of $61.78.

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.