Equities research analysts forecast that Sonoco (NYSE:SON) will post $1.28 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Sonoco’s earnings, with estimates ranging from $1.27 billion to $1.29 billion. Sonoco reported sales of $1.17 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.4%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, April 19th.

According to Zacks, analysts expect that Sonoco will report full-year sales of $5.32 billion for the current financial year, with estimates ranging from $5.20 billion to $5.48 billion. For the next financial year, analysts expect that the company will report sales of $5.42 billion per share, with estimates ranging from $5.24 billion to $5.57 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Sonoco.

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

A number of research firms have weighed in on SON. TheStreet downgraded Sonoco from a “b” rating to a “c+” rating in a report on Friday, February 16th. UBS began coverage on Sonoco in a report on Friday. They set a “buy” rating and a $55.00 price objective on the stock. Zacks Investment Research downgraded Sonoco from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Bank of America downgraded Sonoco from a “buy” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a report on Monday, April 2nd. Finally, Vertical Research raised Sonoco from a “hold” rating to a “buy” rating in a report on Friday, March 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.88.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Green Square Capital LLC raised its position in Sonoco by 233.9% in the 4th quarter. Green Square Capital LLC now owns 14,033 shares of the industrial products company’s stock worth $746,000 after purchasing an additional 9,830 shares during the last quarter. Colonial Trust Advisors bought a new position in Sonoco in the 4th quarter worth approximately $257,000. Xact Kapitalforvaltning AB bought a new position in Sonoco in the 4th quarter worth approximately $439,000. MetLife Investment Advisors LLC bought a new position in Sonoco in the 4th quarter worth approximately $3,342,000. Finally, Glenmede Trust Co. NA raised its position in Sonoco by 14.5% in the 4th quarter. Glenmede Trust Co. NA now owns 22,391 shares of the industrial products company’s stock worth $1,189,000 after purchasing an additional 2,828 shares during the last quarter. 70.83% of the stock is currently owned by institutional investors and hedge funds.

NYSE SON opened at $49.86 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.09 and a current ratio of 1.56. The company has a market cap of $4,994.27, a price-to-earnings ratio of 17.87, a P/E/G ratio of 3.36 and a beta of 1.12. Sonoco has a 1-year low of $46.55 and a 1-year high of $55.77.

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Sonoco Company Profile

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

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