News coverage about Sonoco Products (NYSE:SON) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sonoco Products earned a news impact score of 0.14 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 47.6963434494308 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Global Inorganic Advanced Phase Change Materials Market 2017-2022: Basf, Cryopak, Sonoco Products, Ewald Dorken (sbwire.com)
- Sonoco (SON) Maintains 2017 Outlook, Issues 2018 View – Nasdaq (nasdaq.com)
- Sonoco announces packaging partnership with Clemson University (recyclingtoday.com)
- KeyCorp Research Analysts Increase Earnings Estimates for Sonoco Products Co (SON) (americanbankingnews.com)
Sonoco Products (NYSE:SON) traded down $0.08 during mid-day trading on Friday, hitting $54.67. 389,702 shares of the stock traded hands, compared to its average volume of 379,783. Sonoco Products has a one year low of $47.10 and a one year high of $55.77. The firm has a market cap of $5,430.00, a PE ratio of 20.40, a PEG ratio of 4.19 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.11.
Sonoco Products (NYSE:SON) last released its earnings results on Thursday, October 19th. The industrial products company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Sonoco Products had a net margin of 5.63% and a return on equity of 16.40%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business earned $0.72 EPS. The business’s revenue was up 9.6% on a year-over-year basis. equities research analysts forecast that Sonoco Products will post 2.8 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Thursday, November 9th. Sonoco Products’s dividend payout ratio (DPR) is presently 57.35%.
A number of brokerages recently weighed in on SON. Robert W. Baird reiterated a “buy” rating and set a $60.00 price target on shares of Sonoco Products in a research note on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of Sonoco Products in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Sonoco Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Barclays raised their target price on shares of Sonoco Products from $48.00 to $49.00 and gave the stock an “underweight” rating in a research note on Friday, October 20th. Finally, Bank of America upgraded shares of Sonoco Products from an “underperform” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $52.00.
In other news, SVP Vicki B. Arthur sold 727 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $53.00, for a total value of $38,531.00. Following the completion of the transaction, the senior vice president now owns 33,998 shares in the company, valued at approximately $1,801,894. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Marcy J. Thompson sold 565 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $51.00, for a total transaction of $28,815.00. The disclosure for this sale can be found here. Insiders sold a total of 6,937 shares of company stock valued at $363,088 in the last quarter. Insiders own 1.90% of the company’s stock.
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Sonoco Products Company Profile
Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.
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