Sonoco Products (NYSE:SON) issued its quarterly earnings data on Thursday. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.02, AnalystRatings.Net reports. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion.
A number of analysts have recently weighed in on SON shares. Analysts at Goldman Sachs Group Inc. downgraded shares of Sonoco Products from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Sonoco Products in a research note to investors on Friday, September 13th. They now have a $40.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Sonoco Products from $32.00 to $36.00 in a research note to investors on Tuesday, July 23rd. They now have an “equal weight” rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $37.29.
Sonoco Products (NYSE:SON) opened at 38.92 on Thursday. Sonoco Products has a 52 week low of $29.00 and a 52 week high of $39.80. The stock has a 50-day moving average of $38.72 and a 200-day moving average of $36.66. The company has a market cap of $3.908 billion and a price-to-earnings ratio of 19.56.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, November 13th.
Sonoco Products Company (NYSE:SON) is a manufacturer of industrial and consumer packaging products and a provider of packaging services.
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