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

Sonoco Products (NYSE:SON) issued its quarterly earnings data on Tuesday. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.37), FiscalAI reports. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a return on equity of 18.52% and a net margin of 13.34%. Sonoco Products updated its FY 2026 guidance to 5.800-6.200 EPS.

Sonoco Products Trading Up 0.0%

Sonoco Products stock traded up $0.02 during trading on Tuesday, hitting $56.82. The company’s stock had a trading volume of 1,028,135 shares, compared to its average volume of 987,148. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 5.64, a P/E/G ratio of 1.15 and a beta of 0.50. The stock’s fifty day moving average is $54.32 and its 200 day moving average is $47.26. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a $0.54 dividend. The ex-dividend date is Friday, May 8th. This is an increase from Sonoco Products’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 3.8%. Sonoco Products’s payout ratio is currently 21.05%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SON. 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. Wall Street Zen upgraded Sonoco Products from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Truist Financial reduced their price objective on Sonoco Products from $69.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft initiated coverage on Sonoco Products in a research report on Wednesday, April 1st. They issued a “buy” rating and a $63.00 price objective on the stock. Finally, Raymond James Financial restated a “market perform” rating on shares of Sonoco Products in a research report on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.78.

Insider Buying and Selling

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

Hedge Funds Weigh In On Sonoco Products

Several institutional investors have recently added to or reduced their stakes in SON. Fuller & Thaler Asset Management Inc. increased its stake in Sonoco Products by 477.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company’s stock valued at $257,561,000 after purchasing an additional 4,880,438 shares during the last quarter. AQR Capital Management LLC increased its stake in Sonoco Products by 357.8% in the third quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company’s stock valued at $90,693,000 after purchasing an additional 1,654,576 shares during the last quarter. Squarepoint Ops LLC increased its stake in Sonoco Products by 2,813.2% in the fourth quarter. Squarepoint Ops LLC now owns 876,895 shares of the industrial products company’s stock valued at $38,268,000 after purchasing an additional 846,794 shares during the last quarter. Charter Oak Advisors LP acquired a new position in Sonoco Products in the fourth quarter valued at $16,613,000. Finally, Balyasny Asset Management L.P. acquired a new position in Sonoco Products in the second quarter valued at $11,569,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

About Sonoco Products

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.