Sonoco Products (NYSE:SON) Releases FY 2026 Earnings Guidance
by Amy Steele · The Cerbat GemSonoco Products (NYSE:SON – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.800-6.200 for the period, compared to the consensus estimate of 5.940. The company issued revenue guidance of -.
Sonoco Products Trading Up 0.0%
SON traded up $0.02 during trading on Tuesday, reaching $56.82. The company had a trading volume of 1,028,135 shares, compared to its average volume of 987,148. The stock has a market cap of $5.62 billion, a P/E ratio of 5.64, a PEG ratio of 1.15 and a beta of 0.50. The business has a 50 day simple moving average of $54.32 and a 200-day simple moving average of $47.26. Sonoco Products has a 52 week low of $38.65 and a 52 week high of $58.44. The company has a quick ratio of 0.60, a current ratio of 1.05 and a debt-to-equity ratio of 1.04.
Sonoco Products (NYSE:SON – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a return on equity of 18.52% and a net margin of 13.34%.Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, equities analysts anticipate that Sonoco Products will post 5.93 EPS for the current fiscal year.
Sonoco Products Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.8%. This is a positive change from Sonoco Products’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 8th. Sonoco Products’s dividend payout ratio is 21.05%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on SON shares. Robert W. Baird lifted their target price on Sonoco Products from $48.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft started coverage on Sonoco Products in a research report on Wednesday, April 1st. They set a “buy” rating and a $63.00 target price for the company. Raymond James Financial reiterated a “market perform” rating on shares of Sonoco Products in a research report on Friday, March 6th. Wells Fargo & Company cut their price target on Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Finally, Wall Street Zen upgraded Sonoco Products from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.78.
Check Out Our Latest Report on Sonoco Products
Insider Transactions at Sonoco Products
In other Sonoco Products news, insider Ernest D. Haynes III sold 1,581 shares of Sonoco Products stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $56.39, for a total value of $89,152.59. Following the transaction, the insider owned 9,377 shares in the company, valued at $528,769.03. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is owned by company insiders.
Institutional Investors Weigh In On Sonoco Products
A number of institutional investors and hedge funds have recently modified their holdings of SON. Larson Financial Group LLC lifted its holdings in shares of Sonoco Products by 1,826.9% during the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 950 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sonoco Products during the third quarter worth about $56,000. Parallel Advisors LLC lifted its holdings in shares of Sonoco Products by 73.5% during the fourth quarter. Parallel Advisors LLC now owns 1,320 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 559 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Sonoco Products by 315.4% during the second 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. Finally, Ameriflex Group Inc. lifted its holdings in shares of Sonoco Products by 82.1% during the fourth quarter. Ameriflex Group Inc. now owns 1,639 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 739 shares during the period. Institutional investors and hedge funds own 77.69% of the company’s stock.
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.