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

Sonoco Products (NYSE:SON) updated its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 5.300-5.500 for the period, compared to the consensus earnings per share 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 Price Performance

Shares of NYSE SON traded down $0.10 during mid-day trading on Friday, hitting $50.17. 2,398,005 shares of the company’s stock traded hands, compared to its average volume of 1,159,055. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.18 and a quick ratio of 0.55. Sonoco Products has a 1 year low of $38.65 and a 1 year high of $60.67. The company’s 50-day moving average is $51.36 and its two-hundred day moving average is $52.53. The company has a market capitalization of $4.96 billion, a P/E ratio of -21.81, a PEG ratio of 1.44 and a beta of 0.35.

Sonoco Products (NYSE:SON) last released its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.07). Sonoco Products had a positive return on equity of 16.40% and a negative net margin of 3.08%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The company’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts anticipate that Sonoco Products will post 5.58 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a $0.54 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.3%. Sonoco Products’s payout ratio is 34.34%.

Wall Street Analyst Weigh In

SON has been the topic of several recent research reports. Truist Financial decreased their price target on Sonoco Products from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings lowered shares of Sonoco Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 11th. UBS Group cut their price objective on shares of Sonoco Products from $61.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Citigroup reduced their target price on shares of Sonoco Products from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Bank of America downgraded shares of Sonoco Products from a “buy” rating to a “neutral” rating and reduced their target price for the company from $69.00 to $60.00 in a research note on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $57.50.

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.