News stories about Sonoco Products (NYSE:SON) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sonoco Products earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 47.5431708196823 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Fresh Food Packaging Market: Latest Industry Trends and Global Insights, 2016-2024 (sbwire.com)
- Global Share for Fresh Food Packaging Market Sees Steady Expansion by 2024 (sbwire.com)
- Top 5 Vendors in the Corrugated Pallets Market From 2017 to 2021 | Technavio (businesswire.com)
- Behind the numbers in blow molding (plasticsnews.com)
- Global Thermoform Packaging Market – Rising Demand from F&B; Pharma Industries to Boost Growth (sbwire.com)
Sonoco Products (NYSE:SON) traded down $0.18 during trading hours on Friday, hitting $50.74. 606,200 shares of the stock traded hands, compared to its average volume of 544,282. Sonoco Products has a one year low of $47.10 and a one year high of $55.58. The company has a market cap of $5,061.49, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 3.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.59.
Sonoco Products (NYSE:SON) last announced its earnings results on Thursday, October 19th. The industrial products company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Sonoco Products had a net margin of 5.63% and a return on equity of 16.40%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company posted $0.72 earnings per share. equities analysts forecast that Sonoco Products will post 2.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, November 9th. Sonoco Products’s dividend payout ratio is currently 57.35%.
SON has been the subject of several analyst reports. Bank of America Corporation 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. Robert W. Baird reiterated a “buy” rating and set a $60.00 price objective on shares of Sonoco Products in a research note on Friday, September 1st. 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. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $48.00 price objective on shares of Sonoco Products in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.00.
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In related news, VP Marcy J. Thompson sold 565 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $51.00, for a total value of $28,815.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Vicki B. Arthur sold 727 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $53.00, for a total value of $38,531.00. Following the transaction, the senior vice president now directly owns 33,998 shares of the company’s stock, valued at approximately $1,801,894. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,937 shares of company stock valued at $363,088. 1.90% of the stock is currently owned by corporate insiders.
About Sonoco Products
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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