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

Sonoco Products (NYSE:SON) posted its quarterly earnings results on Tuesday. The industrial products company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37), FiscalAI reports. Sonoco Products had a net margin of 13.57% and a return on equity of 16.72%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the firm earned $1.38 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Sonoco Products updated its FY 2026 guidance to 5.800-6.200 EPS.

Sonoco Products Stock Performance

Shares of SON stock opened at $47.70 on Thursday. The stock has a fifty day moving average price of $54.36 and a 200 day moving average price of $47.36. The stock has a market cap of $4.72 billion, a PE ratio of 4.68, a P/E/G ratio of 1.14 and a beta of 0.50. Sonoco Products has a 1 year low of $38.65 and a 1 year high of $58.44. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.60 and a current ratio of 1.05.

Sonoco Products Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a dividend of $0.54 per share. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, May 8th. Sonoco Products’s payout ratio is presently 21.18%.

Insider Transactions at Sonoco Products

In related news, insider Ernest D. Haynes III sold 1,581 shares of Sonoco Products stock in a transaction on Friday, February 27th. The stock was sold at an average price of $56.39, for a total transaction of $89,152.59. Following the completion of the transaction, the insider directly owned 9,377 shares of the company’s stock, valued at approximately $528,769.03. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Sonoco Products

A number of institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC increased its position in Sonoco Products by 1,826.9% during the 3rd 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Sonoco Products during the 3rd quarter worth about $56,000. Parallel Advisors LLC boosted its stake in shares of Sonoco Products by 73.5% during the 4th 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 last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Sonoco Products by 315.4% during the 2nd 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 last quarter. Finally, Ameriflex Group Inc. grew 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 buying an additional 739 shares in the last quarter. 77.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SON. Wells Fargo & Company decreased 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. Weiss Ratings restated a “hold (c-)” rating on shares of Sonoco Products in a research note on Wednesday, January 21st. Citigroup lifted their price target on Sonoco Products from $52.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft initiated coverage on Sonoco Products in a research note on Wednesday, April 1st. They issued a “buy” rating and a $63.00 price target on the stock. Finally, UBS Group reduced their price objective on Sonoco Products from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.22.

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.