Somewhat Positive News Coverage Somewhat Unlikely to Affect Sonoco Products (SON) Share Price
News articles about Sonoco Products (NYSE:SON) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sonoco Products earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.0699258521269 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Smart Packaging Market: Industry Latest Trends & Global Outlook 2016-2024 (sbwire.com)
- Regional: HRC Annual Rankings, ACLU Advocacy Institute (goqnotes.com)
- Plastic Packaging Market Will Reach US $370.2 Bn by the End of 2020 (sbwire.com)
- Sluggish CAGR Projected for TCPPS Market During 2016-2026 by FMI (sbwire.com)
- Sonoco Products Company (SON) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
SON has been the subject of a number of research reports. Zacks Investment Research downgraded Sonoco Products from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Jefferies Group LLC reissued a “hold” rating and set a $48.00 price target on shares of Sonoco Products in a research report on Thursday, September 7th. Vertical Research raised Sonoco Products from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a research report on Wednesday, August 2nd. BidaskClub downgraded Sonoco Products from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Bank of America Corporation raised Sonoco Products from an “underperform” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $52.00.
Sonoco Products (NYSE:SON) traded down $0.29 during trading hours on Monday, hitting $51.19. The company had a trading volume of 351,014 shares, compared to its average volume of 537,784. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.11 and a current ratio of 1.59. Sonoco Products has a fifty-two week low of $47.10 and a fifty-two week high of $55.58. The firm has a market capitalization of $5,117.16, a PE ratio of 19.21, a price-to-earnings-growth ratio of 3.95 and a beta of 1.15.
Sonoco Products (NYSE:SON) last released its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Sonoco Products had a return on equity of 16.40% and a net margin of 5.63%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. equities research analysts expect that Sonoco Products will post 2.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, November 9th. Sonoco Products’s dividend payout ratio (DPR) is 57.35%.
In other Sonoco Products news, CFO Barry L. Saunders sold 5,645 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $52.39, for a total transaction of $295,741.55. Following the sale, the chief financial officer now owns 60,455 shares in the company, valued at $3,167,237.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Marcy J. Thompson sold 565 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $51.00, for a total value of $28,815.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,937 shares of company stock worth $363,088. Insiders own 1.90% of the company’s stock.
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About Sonoco Products
Sonoco Products Company is engaged in manufacturing of industrial and consumer packaging products, and providing 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.
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