Analysts expect Sonoco Products Co (NYSE:SON) to report sales of $1.28 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Sonoco Products’ earnings, with estimates ranging from $1.27 billion to $1.29 billion. Sonoco Products reported sales of $1.17 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 19th.

According to Zacks, analysts expect that Sonoco Products will report full year sales of $1.28 billion for the current fiscal year, with estimates ranging from $5.20 billion to $5.48 billion. For the next financial year, analysts anticipate that the business will post sales of $5.42 billion per share, with estimates ranging from $5.24 billion to $5.57 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Sonoco Products.

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Sonoco Products (NYSE:SON) last posted its earnings results on Thursday, February 15th. The industrial products company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sonoco Products had a return on equity of 16.63% and a net margin of 3.48%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share.

Several research firms have recently commented on SON. TheStreet downgraded shares of Sonoco Products from a “b” rating to a “c+” rating in a research report on Friday, February 16th. Zacks Investment Research raised shares of Sonoco Products from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Monday, February 26th. Barclays raised shares of Sonoco Products from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $49.00 to $55.00 in a research report on Friday, December 15th. Finally, KeyCorp reissued a “hold” rating on shares of Sonoco Products in a research report on Sunday, December 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Sonoco Products currently has an average rating of “Hold” and an average price target of $53.29.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in Sonoco Products by 0.5% in the 4th quarter. BlackRock Inc. now owns 10,807,162 shares of the industrial products company’s stock worth $574,293,000 after purchasing an additional 50,184 shares in the last quarter. Bank of New York Mellon Corp grew its position in Sonoco Products by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,372,193 shares of the industrial products company’s stock worth $72,919,000 after purchasing an additional 8,231 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sonoco Products by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,279,308 shares of the industrial products company’s stock worth $64,540,000 after purchasing an additional 36,612 shares in the last quarter. Janus Henderson Group PLC grew its position in Sonoco Products by 56.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,011,830 shares of the industrial products company’s stock worth $51,047,000 after purchasing an additional 363,692 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Sonoco Products by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 840,649 shares of the industrial products company’s stock worth $44,672,000 after purchasing an additional 21,272 shares in the last quarter. 70.72% of the stock is owned by institutional investors and hedge funds.

Shares of Sonoco Products (NYSE:SON) opened at $49.08 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.74. The company has a market cap of $4,874.88, a PE ratio of 28.21, a PEG ratio of 3.28 and a beta of 1.19. Sonoco Products has a 52-week low of $47.00 and a 52-week high of $55.77.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 28th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Tuesday, February 27th. Sonoco Products’s payout ratio is 89.66%.

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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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