Seaport Res Ptn Comments on Sonoco Products FY2026 Earnings

Sonoco Products (NYSE:SON) – Seaport Res Ptn issued their FY2026 earnings per share (EPS) estimates for shares of Sonoco Products in a report released on Tuesday, February 25th. Seaport Res Ptn analyst M. Weintraub anticipates that the industrial products company will post earnings per share of $6.35 for the year. The consensus estimate for Sonoco Products’ current full-year earnings is $6.10 per share.

Several other equities research analysts have also issued reports on SON. StockNews.com lowered Sonoco Products from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Truist Financial lowered their price target on Sonoco Products from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Bank of America boosted their price objective on Sonoco Products from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of Sonoco Products from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Finally, Citigroup dropped their target price on shares of Sonoco Products from $59.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Sonoco Products currently has a consensus rating of “Hold” and an average price target of $58.50.

Sonoco Products Stock Up 2.8 %

SON opened at $47.82 on Thursday. The firm has a market capitalization of $4.70 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 0.76 and a beta of 0.67. Sonoco Products has a one year low of $44.35 and a one year high of $61.73. The company has a fifty day moving average price of $47.81 and a 200-day moving average price of $50.94. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.79 and a quick ratio of 1.91.

Sonoco Products (NYSE:SON) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.01). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.67 billion. Sonoco Products had a net margin of 2.60% and a return on equity of 20.81%.

Sonoco Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 26th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.08 dividend on an annualized basis and a yield of 4.35%. Sonoco Products’s payout ratio is 126.06%.

Insiders Place Their Bets

In other Sonoco Products news, Director John R. Haley bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $46.76 per share, for a total transaction of $140,280.00. Following the transaction, the director now directly owns 18,558 shares in the company, valued at $867,772.08. This trade represents a 19.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert R. Hill, Jr. sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $47.95, for a total transaction of $191,800.00. Following the completion of the sale, the director now directly owns 16,065 shares of the company’s stock, valued at $770,316.75. This represents a 19.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SON. Cooper Creek Partners Management LLC bought a new position in Sonoco Products during the 4th quarter worth approximately $78,203,000. Norges Bank purchased a new stake in shares of Sonoco Products during the fourth quarter valued at approximately $60,984,000. Invenomic Capital Management LP grew its holdings in shares of Sonoco Products by 368.6% in the fourth quarter. Invenomic Capital Management LP now owns 666,430 shares of the industrial products company’s stock worth $32,555,000 after purchasing an additional 524,198 shares during the last quarter. Private Management Group Inc. purchased a new position in shares of Sonoco Products in the third quarter worth $24,994,000. Finally, Deprince Race & Zollo Inc. raised its holdings in Sonoco Products by 53.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,272,121 shares of the industrial products company’s stock valued at $62,143,000 after buying an additional 442,892 shares during the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.

Sonoco Products Company Profile

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.