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

Sonoco Products (NYSE:SON) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.800-6.200 for the period, compared to the consensus EPS estimate of 5.940. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research firms recently issued reports on SON. Zacks Research upgraded shares of Sonoco Products from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sonoco Products in a research report on Wednesday, April 1st. They set a “buy” rating and a $63.00 target price for the company. Wall Street Zen upgraded Sonoco Products from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Wells Fargo & Company dropped their price objective on Sonoco Products from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday, March 20th. Finally, Bank of America upgraded Sonoco Products from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $60.00 in a report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.78.

Sonoco Products Trading Down 10.1%

Shares of NYSE:SON opened at $51.05 on Wednesday. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 5.19, a PEG ratio of 1.13 and a beta of 0.50. Sonoco Products has a 12 month low of $38.65 and a 12 month high of $58.44. The company’s fifty day simple moving average is $54.43 and its 200 day simple moving average is $47.36. The company has a quick ratio of 0.60, a current ratio of 1.05 and a debt-to-equity ratio of 1.04.

Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.37). The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a return on equity of 18.52% and a net margin of 13.34%.Sonoco Products’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, research analysts forecast that Sonoco Products will post 5.93 EPS for the current fiscal year.

Sonoco Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.2%. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, May 8th. Sonoco Products’s payout ratio is currently 21.05%.

Insider Transactions at Sonoco Products

In other Sonoco Products news, insider Ernest D. Haynes III sold 1,581 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $56.39, for a total value of $89,152.59. Following the sale, the insider owned 9,377 shares in the company, valued at $528,769.03. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.98% of the company’s stock.

Institutional Trading of Sonoco Products

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its stake in Sonoco Products by 1,826.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 950 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Sonoco Products during the 3rd quarter worth $56,000. Parallel Advisors LLC lifted its holdings in shares of Sonoco Products by 73.5% during the fourth quarter. Parallel Advisors LLC now owns 1,320 shares of the industrial products company’s stock worth $58,000 after buying an additional 559 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Sonoco Products by 315.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,587 shares of the industrial products company’s stock worth $69,000 after buying an additional 1,205 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its position in shares of Sonoco Products by 82.1% in the fourth quarter. Ameriflex Group Inc. now owns 1,639 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 739 shares during the period. Institutional investors own 77.69% of the company’s stock.

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.