Sonoco Products (SON) Earns Daily Media Sentiment Rating of 0.17
News articles about Sonoco Products (NYSE:SON) have trended somewhat positive on Friday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sonoco Products earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.3393474176381 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Global Flexible Packaging Market 2017- Bemis Company, Sonoco Products Company, Constantia Flexible Group … – The Chief Observer (chiefobserver.com)
- Corrugated Boxes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022 (markets.businessinsider.com)
- Spools Market to Grow at a Healthy CAGR with Higher Growth in Emerging Markets – Industry Trends, and Forecast 2017 – 2027 (sbwire.com)
- Blister Packaging Market to touch US$18 bn by the end of 2027 – FMI (globenewswire.com)
- Fiber based Packaging Market – Global Industry Analysis and Forecast 2017 – 2025 – Markets Insider (markets.businessinsider.com)
SON has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Sonoco Products from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Sonoco Products in a research report on Thursday, September 7th. Vertical Research raised shares of Sonoco Products from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a research report on Wednesday, August 2nd. BidaskClub lowered shares of 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 shares of Sonoco Products from an “underperform” rating to a “buy” rating and set a $56.00 price objective 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 assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.00.
Sonoco Products (NYSE:SON) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.27 billion. Sonoco Products had a net margin of 5.63% and a return on equity of 16.40%. Sonoco Products’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. analysts anticipate that Sonoco Products will post 2.8 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, November 9th. Sonoco Products’s dividend payout ratio is presently 57.35%.
In other Sonoco Products news, SVP Vicki B. Arthur sold 727 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $53.00, for a total transaction of $38,531.00. Following the completion of the transaction, the senior vice president now directly owns 33,998 shares of the company’s stock, valued at approximately $1,801,894. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Barry L. Saunders sold 5,645 shares of the firm’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 transaction, the chief financial officer now directly owns 60,455 shares of the company’s stock, valued at $3,167,237.45. The disclosure for this sale can be found here. Insiders have sold a total of 6,937 shares of company stock valued at $363,088 over the last three months. 1.90% of the stock is currently owned by insiders.
Sonoco Products Company Profile
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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