Sonoco Products (NYSE:SON) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.75-0.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.79. Sonoco Products also updated its FY 2018 guidance to $3.28-3.34 EPS.

Shares of Sonoco Products stock opened at $55.05 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.07 and a current ratio of 1.53. The stock has a market cap of $5.25 billion, a PE ratio of 19.73, a PEG ratio of 3.42 and a beta of 1.07. Sonoco Products has a 12 month low of $46.55 and a 12 month high of $58.69.

Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, October 18th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Sonoco Products had a return on equity of 18.01% and a net margin of 4.57%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 EPS. Research analysts forecast that Sonoco Products will post 3.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, November 8th. This represents a $1.64 annualized dividend and a dividend yield of 2.98%. Sonoco Products’s dividend payout ratio (DPR) is presently 58.78%.

Several research firms recently issued reports on SON. Zacks Investment Research lowered Sonoco Products from a buy rating to a hold rating in a research report on Wednesday, September 19th. KeyCorp restated a hold rating on shares of Sonoco Products in a research report on Thursday. DA Davidson raised their price target on Sonoco Products to $57.00 and gave the stock a neutral rating in a research report on Friday, July 20th. Finally, Barclays raised their price target on Sonoco Products from $55.00 to $58.00 and gave the stock a $56.02 rating in a research report on Monday, July 23rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $59.00.

In other Sonoco Products news, CFO Barry L. Saunders sold 6,580 shares of the stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $55.85, for a total value of $367,493.00. Following the completion of the sale, the chief financial officer now owns 91,181 shares in the company, valued at approximately $5,092,458.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Kevin P. Mahoney sold 1,138 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $56.11, for a total value of $63,853.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,602 shares of company stock worth $536,285. 1.70% of the stock is owned by corporate insiders.

About Sonoco Products

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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Earnings History and Estimates for Sonoco Products (NYSE:SON)

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