Sonoco Products (NYSE:SON) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Sonoco Products (NYSE:SON) released its quarterly earnings data on Monday. The industrial products company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04, FiscalAI reports. Sonoco Products had a return on equity of 20.49% and a net margin of 8.82%.The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the business posted $1.17 EPS. Sonoco Products’s revenue for the quarter was up 29.7% on a year-over-year basis. Sonoco Products updated its FY 2026 guidance to 5.800-6.200 EPS.

Sonoco Products Price Performance

Shares of SON opened at $56.70 on Wednesday. The firm has a market cap of $5.59 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.80 and a beta of 0.54. Sonoco Products has a 52-week low of $38.65 and a 52-week high of $57.83. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.58 and a current ratio of 0.92. The business’s 50 day moving average price is $47.01 and its two-hundred day moving average price is $44.56.

Sonoco Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, February 25th. Sonoco Products’s payout ratio is presently 33.65%.

Wall Street Analyst Weigh In

SON has been the subject of several recent research reports. Truist Financial upped their price objective on Sonoco Products from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. UBS Group boosted their target price on shares of Sonoco Products from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Zacks Research raised shares of Sonoco Products from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company reissued an “equal weight” rating and issued a $47.00 price objective (down previously from $52.00) on shares of Sonoco Products in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Sonoco Products in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Sonoco Products has an average rating of “Hold” and an average price target of $54.86.

Institutional Trading of Sonoco Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SON. Fuller & Thaler Asset Management Inc. grew its position in Sonoco Products by 477.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,901,950 shares of the industrial products company’s stock valued at $257,561,000 after purchasing an additional 4,880,438 shares during the period. AQR Capital Management LLC raised its holdings in shares of Sonoco Products by 357.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,117,022 shares of the industrial products company’s stock worth $90,693,000 after acquiring an additional 1,654,576 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Sonoco Products by 2,813.2% during the 4th quarter. Squarepoint Ops LLC now owns 876,895 shares of the industrial products company’s stock valued at $38,268,000 after purchasing an additional 846,794 shares during the last quarter. Charter Oak Advisors LP bought a new stake in Sonoco Products during the 4th quarter worth approximately $16,613,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Sonoco Products in the second quarter worth approximately $11,569,000. 77.69% of the stock is owned by 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.