Sonoco Products (NYSE:SON) Releases FY 2026 Earnings Guidance

Sonoco Products (NYSE:SON) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.800-6.200 for the period, compared to the consensus estimate of 5.820. The company issued revenue guidance of $7.3 billion-$7.8 billion, compared to the consensus revenue estimate of $7.4 billion.

Wall Street Analysts Forecast Growth

SON has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Sonoco Products from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sonoco Products in a research note on Wednesday, April 1st. They issued a “buy” rating and a $63.00 price objective on the stock. Bank of America boosted their target price on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings cut shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Finally, Wall Street Zen lowered Sonoco Products from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.33.

Sonoco Products Trading Up 1.8%

Shares of SON stock opened at $56.12 on Thursday. The company’s fifty day simple moving average is $51.79 and its two-hundred day simple moving average is $51.88. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.54. Sonoco Products has a 1 year low of $38.65 and a 1 year high of $58.44. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 1.19 and a beta of 0.37.

Sonoco Products (NYSE:SON) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.04. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a return on equity of 16.50% and a net margin of 13.57%.The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, analysts anticipate that Sonoco Products will post 5.79 earnings per share for the current year.

Sonoco Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, August 10th. Sonoco Products’s dividend payout ratio (DPR) is 21.18%.

Insider Buying and Selling

In other news, CFO Paul Joachimczyk purchased 8,058 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were purchased at an average price of $49.64 per share, with a total value of $399,999.12. Following the completion of the acquisition, the chief financial officer owned 28,558 shares in the company, valued at $1,417,619.12. This trade represents a 39.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James A. Harrell III purchased 6,753 shares of the business’s stock in a transaction on Monday, April 27th. The stock was bought at an average cost of $50.37 per share, with a total value of $340,148.61. Following the purchase, the insider owned 10,070 shares in the company, valued at approximately $507,225.90. This represents a 203.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Sonoco Products

A number of large investors have recently bought and sold shares of the stock. Polymer Capital Management US LLC bought a new stake in shares of Sonoco Products in the fourth quarter worth about $203,000. Caerus Investment Advisors LLC bought a new stake in shares of Sonoco Products in the 4th quarter worth approximately $215,000. Empowered Funds LLC purchased a new position in shares of Sonoco Products during the fourth quarter valued at approximately $151,000. Quarry LP lifted its stake in Sonoco Products by 27.2% in the third quarter. Quarry LP now owns 3,401 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 728 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Sonoco Products in the third quarter valued at $206,000. 77.69% of the stock is owned by hedge funds and other institutional investors.

Sonoco Products Company Profile

Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.

With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.