Sonoco Products Co. (NYSE:SON) will be posting its quarterly earnings results on Thursday, October 20th. Sonoco Products has set its Q3 guidance at $0.65-0.70 EPS and its FY16 guidance at $2.68-2.74 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Sonoco Products (NYSE:SON) last released its earnings results on Thursday, July 21st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Sonoco Products had a net margin of 4.37% and a return on equity of 17.66%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm earned $0.68 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts expect Sonoco Products to post $2.72 EPS for the current fiscal year and $2.90 EPS for the next fiscal year.

Earnings History for Sonoco Products (NYSE:SON)

Sonoco Products Co. (NYSE:SON) opened at 50.60 on Wednesday. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 23.98 and a beta of 1.01. Sonoco Products Co. has a 12-month low of $36.56 and a 12-month high of $53.57. The company’s 50 day moving average is $51.72 and its 200 day moving average is $49.62.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.92%. Sonoco Products’s dividend payout ratio (DPR) is 69.81%.

In related news, VP Vicki B. Arthur sold 1,721 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $51.00, for a total transaction of $87,771.00. Following the transaction, the vice president now owns 39,753 shares of the company’s stock, valued at $2,027,403. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mancil J. Sanders sold 16,254 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $52.00, for a total value of $845,208.00. Following the transaction, the chief executive officer now directly owns 187,296 shares in the company, valued at approximately $9,739,392. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SON. AHL Partners LLP raised its position in shares of Sonoco Products by 40.1% in the second quarter. AHL Partners LLP now owns 57,090 shares of the company’s stock worth $2,835,000 after buying an additional 16,347 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Sonoco Products by 52.6% in the second quarter. AQR Capital Management LLC now owns 495,917 shares of the company’s stock worth $24,627,000 after buying an additional 170,994 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Sonoco Products by 6.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 26,100 shares of the company’s stock worth $1,296,000 after buying an additional 1,600 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Sonoco Products by 3.1% in the second quarter. Panagora Asset Management Inc. now owns 45,790 shares of the company’s stock worth $2,274,000 after buying an additional 1,395 shares in the last quarter. Finally, Cantab Capital Partners LLP raised its position in shares of Sonoco Products by 174.9% in the second quarter. Cantab Capital Partners LLP now owns 7,747 shares of the company’s stock worth $385,000 after buying an additional 4,929 shares in the last quarter. 68.97% of the stock is currently owned by hedge funds and other institutional investors.

SON has been the topic of a number of analyst reports. Jefferies Group boosted their price objective on shares of Sonoco Products from $42.00 to $46.00 and gave the company a “hold” rating in a research report on Thursday, July 14th. Deutsche Bank AG set a $42.00 price objective on shares of Sonoco Products and gave the company a “hold” rating in a research report on Sunday, July 24th. Bank of America Corp. cut shares of Sonoco Products from a “neutral” rating to an “underperform” rating in a research report on Monday, October 3rd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Sonoco Products from a “buy” rating to a “hold” rating in a research report on Monday, June 27th. Finally, Vertical Group cut shares of Sonoco Products from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Six analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.25.

Sonoco Products Company Profile

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.

5 Day Chart for NYSE:SON

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