Seaport Res Ptn Forecasts Sonoco Products Q1 Earnings

Sonoco Products (NYSE:SON) – Equities research analysts at Seaport Res Ptn issued their Q1 2025 earnings estimates for shares of Sonoco Products in a report issued on Tuesday, February 25th. Seaport Res Ptn analyst M. Weintraub anticipates that the industrial products company will earn $1.42 per share for the quarter. The consensus estimate for Sonoco Products’ current full-year earnings is $6.10 per share. Seaport Res Ptn also issued estimates for Sonoco Products’ Q2 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.95 EPS, Q4 2025 earnings at $1.08 EPS and FY2025 earnings at $5.95 EPS.

Several other research analysts also recently commented on the stock. Robert W. Baird dropped their price objective on shares of Sonoco Products from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, November 4th. StockNews.com downgraded shares of Sonoco Products from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Citigroup lowered their price target on shares of Sonoco Products from $59.00 to $55.00 and set a “buy” rating for the company in a report on Monday, January 6th. Bank of America increased their price target on shares of Sonoco Products from $66.00 to $71.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Sonoco Products from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $58.50.

Sonoco Products Trading Up 2.8 %

Shares of Sonoco Products stock opened at $47.82 on Friday. The company has a fifty day moving average of $47.81 and a 200 day moving average of $50.94. Sonoco Products has a fifty-two week low of $44.35 and a fifty-two week high of $61.73. The company has a market capitalization of $4.70 billion, a P/E ratio of 28.98, a P/E/G ratio of 0.76 and a beta of 0.67. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.91 and a current ratio of 0.79.

Sonoco Products (NYSE:SON) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $1.17 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 20.81% and a net margin of 2.60%.

Institutional Investors Weigh In On Sonoco Products

Several institutional investors and hedge funds have recently made changes to their positions in SON. Cooper Creek Partners Management LLC acquired a new stake in shares of Sonoco Products during the fourth quarter worth $78,203,000. Norges Bank acquired a new stake in shares of Sonoco Products during the fourth quarter worth $60,984,000. Invenomic Capital Management LP lifted its stake in shares of Sonoco Products by 368.6% during the fourth quarter. Invenomic Capital Management LP now owns 666,430 shares of the industrial products company’s stock worth $32,555,000 after buying an additional 524,198 shares during the period. Private Management Group Inc. acquired a new stake in shares of Sonoco Products during the third quarter worth $24,994,000. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Sonoco Products by 53.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,272,121 shares of the industrial products company’s stock worth $62,143,000 after buying an additional 442,892 shares during the period. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Sonoco Products Announces Dividend

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

About Sonoco Products

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.