Analysts See $0.86 EPS for Sonoco Products Company (SON)

September 25, 2018 - By James Douglas

Sonoco Products Company (NYSE:SON) LogoInvestors sentiment increased to 1.24 in Q2 2018. Its up 0.25, from 0.99 in 2018Q1. It improved, as 19 investors sold Sonoco Products Company shares while 95 reduced holdings. 44 funds opened positions while 97 raised stakes. 69.62 million shares or 3.34% more from 67.37 million shares in 2018Q1 were reported.
Federated Investors Pa, a Pennsylvania-based fund reported 38,155 shares. California Employees Retirement Sys accumulated 0.02% or 308,124 shares. Louisiana State Employees Retirement Sys invested 0.06% of its portfolio in Sonoco Products Company (NYSE:SON). First Republic Invest Mgmt stated it has 246,230 shares or 0.07% of all its holdings. Naples Advsrs Ltd Liability Corp reported 27,956 shares stake. Asset One Company accumulated 0.01% or 70,372 shares. Shamrock Asset Mngmt Ltd Liability Corp holds 5,700 shares. 376,968 were accumulated by Morgan Stanley. Suntrust Banks Inc accumulated 30,877 shares. State Of New Jersey Common Pension Fund D reported 5,000 shares stake. First Midwest National Bank & Trust Division has 0.04% invested in Sonoco Products Company (NYSE:SON) for 5,499 shares. Brookmont Management stated it has 0.91% in Sonoco Products Company (NYSE:SON). Janney Montgomery Scott Limited Co has invested 0.01% in Sonoco Products Company (NYSE:SON). Legal General Grp Public Limited Co has invested 0.01% in Sonoco Products Company (NYSE:SON). Dubuque Bankshares Tru invested in 0% or 43 shares.

Since April 20, 2018, it had 0 buys, and 13 insider sales for $3.09 million activity. Shares for $57,944 were sold by Thompson Marcy J. $437,444 worth of Sonoco Products Company (NYSE:SON) was sold by McLeland Allan H. Another trade for 3,780 shares valued at $199,395 was made by ARTHUR VICKI B on Wednesday, May 9. 13,974 shares were sold by Fuller Rodger D, worth $713,355 on Friday, April 20. $367,514 worth of stock was sold by Saunders Barry L on Tuesday, July 24. 1,067 shares valued at $56,551 were sold by SCHRUM ROGER P on Tuesday, June 5.

Analysts expect Sonoco Products Company (NYSE:SON) to report $0.86 EPS on October, 18.They anticipate $0.10 EPS change or 13.16 % from last quarter’s $0.76 EPS. SON’s profit would be $85.67 million giving it 16.43 P/E if the $0.86 EPS is correct. After having $0.93 EPS previously, Sonoco Products Company’s analysts see -7.53 % EPS growth. The stock decreased 0.39% or $0.22 during the last trading session, reaching $56.51. About 375,351 shares traded. Sonoco Products Company (NYSE:SON) has risen 18.21% since September 25, 2017 and is uptrending. It has outperformed by 2.59% the S&P500.

Sonoco Products Company (NYSE:SON) Ratings Coverage

Among 5 analysts covering Sonoco Products (NYSE:SON), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Sonoco Products had 5 analyst reports since April 2, 2018 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Monday, July 23. The firm has “Hold” rating by Vertical Research given on Friday, April 20. The stock of Sonoco Products Company (NYSE:SON) has “Hold” rating given on Monday, April 2 by Bank of America. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, April 19.

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company has market cap of $5.63 billion. The firm operates through four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. It has a 23.55 P/E ratio. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

More news for Sonoco Products Company (NYSE:SON) were recently published by: Globenewswire.com, which released: “Sonoco Donates $50000 to Hurricane Florence Relief” on September 18, 2018. Globenewswire.com‘s article titled: “Sonoco’s Hartsville Paper Operations Temporarily Shut Following Hurricane Florence Flooding” and published on September 18, 2018 is yet another important article.

Sonoco Products Company (NYSE:SON) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.