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

Sonoco Products (NYSE:SON) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 5.800-6.200 for the period, compared to the consensus EPS estimate of 5.820. The company issued revenue guidance of $7.3 billion-$7.8 billion, compared to the consensus revenue estimate of $7.4 billion.

Sonoco Products Trading Up 0.9%

Shares of Sonoco Products stock traded up $0.47 during trading on Wednesday, hitting $55.18. 1,317,583 shares of the company were exchanged, compared to its average volume of 1,184,849. The firm has a market capitalization of $5.46 billion, a P/E ratio of 5.41, a price-to-earnings-growth ratio of 1.19 and a beta of 0.37. Sonoco Products has a 1-year low of $38.65 and a 1-year high of $58.44. The firm’s fifty day moving average price is $51.68 and its 200 day moving average price is $51.80. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54.

Sonoco Products (NYSE:SON) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, sell-side analysts expect that Sonoco Products will post 5.79 earnings per share for the current fiscal year.

Sonoco Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 10th. Sonoco Products’s dividend payout ratio (DPR) is currently 21.18%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Sonoco Products from $65.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Argus raised Sonoco Products to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings downgraded Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Citigroup raised their price target on Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen lowered Sonoco Products from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Five equities 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.com, the company has an average rating of “Hold” and an average price target of $61.33.

Insider Transactions at Sonoco Products

In other news, insider James A. Harrell III bought 6,753 shares of the stock in a transaction on Monday, April 27th. The stock was purchased at an average price of $50.37 per share, for a total transaction of $340,148.61. Following the acquisition, the insider owned 10,070 shares in the company, valued at approximately $507,225.90. This trade represents a 203.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Paul Joachimczyk purchased 8,058 shares of the company’s stock in a transaction on Friday, April 24th. The stock was purchased at an average cost of $49.64 per share, for a total transaction of $399,999.12. Following the purchase, the chief financial officer directly owned 28,558 shares in the company, valued at approximately $1,417,619.12. This trade represents a 39.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sonoco Products

Institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in shares of 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 acquiring an additional 950 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Sonoco Products during the third quarter worth $56,000. Parallel Advisors LLC boosted its holdings in 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 last quarter. EverSource Wealth Advisors LLC grew its position in Sonoco Products by 315.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Ameriflex Group Inc. grew its position 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 purchasing an additional 739 shares in the last quarter. Institutional investors 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.