Sonoco Products (SON) Expected to Announce Earnings on Tuesday

Sonoco Products (NYSE:SON) is projected to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.18 per share and revenue of $1.67 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Sonoco Products Price Performance

Shares of NYSE:SON opened at $47.38 on Tuesday. Sonoco Products has a 12 month low of $45.93 and a 12 month high of $61.73. The firm has a market capitalization of $4.66 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.76 and a beta of 0.67. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.36 and a quick ratio of 1.91. The company’s fifty day moving average price is $48.92 and its 200 day moving average price is $51.32.

Analyst Ratings Changes

A number of analysts have recently commented on SON shares. Truist Financial lifted their target price on Sonoco Products from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Citigroup cut their price target on Sonoco Products from $59.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Robert W. Baird decreased their price objective on Sonoco Products from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Wells Fargo & Company lowered their target price on shares of Sonoco Products from $52.00 to $50.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. Finally, Bank of America upped their price target on shares of Sonoco Products from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.17.

Insider Transactions at Sonoco Products

In related news, Director Robert R. Hill, Jr. sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $47.95, for a total transaction of $191,800.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.51% 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.