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

Sonoco Products (NYSE:SON) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 5.800-6.200 for the period, compared to the consensus earnings per share estimate of 5.820. The company issued revenue guidance of $7.3 billion-$7.8 billion, compared to the consensus revenue estimate of $7.4 billion.

Sonoco Products Stock Up 2.1%

Shares of NYSE:SON opened at $56.33 on Friday. The firm has a market cap of $5.57 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.20 and a beta of 0.37. The company has a fifty day simple moving average of $51.93 and a 200 day simple moving average of $51.97. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97. Sonoco Products has a 12-month low of $38.65 and a 12-month high of $58.44.

Sonoco Products (NYSE:SON) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.04. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Sonoco Products had a net margin of 8.41% and a return on equity of 16.60%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. On average, equities research analysts anticipate that Sonoco Products will post 5.79 EPS for the current fiscal year.

Sonoco Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.16 annualized dividend and a yield of 3.8%. Sonoco Products’s payout ratio is presently 21.18%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Sonoco Products from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings cut shares of Sonoco Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Bank of America upped their price target on shares of Sonoco Products from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wall Street Zen lowered shares of Sonoco Products from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Truist Financial cut their target price on Sonoco Products from $65.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Sonoco Products presently has a consensus rating of “Hold” and an average target price of $61.33.

Insider Activity at Sonoco Products

In related news, insider James A. Harrell III purchased 6,753 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average price of $50.37 per share, for a total transaction of $340,148.61. Following the transaction, the insider directly owned 10,070 shares of the company’s stock, valued at $507,225.90. This trade represents a 203.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC grew its position in Sonoco Products by 5.2% during the 4th quarter. Hsbc Holdings PLC now owns 6,073 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 299 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sonoco Products by 13.5% in the fourth quarter. Invesco Ltd. now owns 1,498,703 shares of the industrial products company’s stock worth $65,403,000 after buying an additional 178,638 shares during the period. Ameriflex Group Inc. grew its holdings in shares of Sonoco Products by 82.1% during the fourth quarter. Ameriflex Group Inc. now owns 1,639 shares of the industrial products company’s stock valued at $72,000 after buying an additional 739 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Sonoco Products by 22.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 34,582 shares of the industrial products company’s stock valued at $1,509,000 after buying an additional 6,345 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new stake in Sonoco Products in the 4th quarter worth about $922,000. 77.69% of the stock is owned by hedge funds and other 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.