Somewhat Positive News Coverage Somewhat Unlikely to Impact Sonoco Products (NYSE:SON) Share Price
Headlines about Sonoco Products (NYSE:SON) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sonoco Products earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.9676517569035 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Sonoco Products (NYSE:SON) opened at 48.02 on Friday. The stock has a market capitalization of $4.77 billion, a P/E ratio of 18.23 and a beta of 1.12. Sonoco Products has a 1-year low of $47.52 and a 1-year high of $55.58. The company has a 50 day moving average price of $50.31 and a 200-day moving average price of $51.97.
Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Thursday, July 20th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.71. Sonoco Products had a return on equity of 16.64% and a net margin of 5.61%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Sonoco Products will post $2.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, August 9th. Sonoco Products’s dividend payout ratio is presently 59.09%.
SON has been the topic of several research analyst reports. Zacks Investment Research raised Sonoco Products from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Thursday, June 22nd. Vertical Research raised Sonoco Products from a “sell” rating to a “hold” rating and set a $45.00 price target on the stock in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $48.00 price target (up previously from $47.00) on shares of Sonoco Products in a research report on Sunday, April 23rd. DA Davidson raised Sonoco Products from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $48.00 to $54.00 in a research report on Friday, April 21st. Finally, Robert W. Baird raised Sonoco Products from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $55.00 to $60.00 in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.57.
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Sonoco Products Company Profile
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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