Sonoco Merchandise (NYSE:SON – Get Rating) issued an replace on its second quarter 2022 earnings steering on Wednesday morning. The corporate offered earnings per share steering of $1.60-$1.70 for the interval, in comparison with the consensus earnings per share estimate of $1.27. The corporate issued income steering of -.
Sonoco Products stock opened at $57.64 on Wednesday. Sonoco Merchandise has a 52 week low of $51.52 and a 52 week excessive of $67.66. The corporate has a fast ratio of 0.81, a present ratio of 1.31 and a debt-to-equity ratio of 1.42. The agency’s 50-day easy shifting common is $57.57 and its 200 day easy shifting common is $58.61. The agency has a market capitalization of $5.62 billion, a PE ratio of -147.79, a P/E/G ratio of two.00 and a beta of 0.70.
Sonoco Merchandise (NYSE:SON – Get Rating) final launched its quarterly earnings knowledge on Thursday, April twenty first. The commercial merchandise firm reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. Sonoco Merchandise had a damaging internet margin of 0.71% and a optimistic return on fairness of 23.98%. The enterprise had income of $1.77 billion for the quarter, in comparison with analyst estimates of $1.77 billion. Throughout the identical interval within the earlier 12 months, the agency earned $0.90 EPS. The enterprise’s income for the quarter was up 30.9% in comparison with the identical quarter final 12 months. On common, analysis analysts anticipate that Sonoco Merchandise will publish 5.78 EPS for the present fiscal 12 months.
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The agency additionally just lately disclosed a quarterly dividend, which was paid on Friday, June tenth. Traders of file on Tuesday, Could tenth got a $0.49 dividend. The ex-dividend date was Monday, Could ninth. This can be a optimistic change from Sonoco Merchandise’s earlier quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a dividend yield of three.40%. Sonoco Merchandise’s payout ratio is at present -502.55%.
SON has been the subject of various latest analysis experiences. TheStreet lowered shares of Sonoco Merchandise from a b score to a c+ score in a report on Thursday, Could nineteenth. Wells Fargo & Firm upped their goal worth on shares of Sonoco Merchandise from $59.00 to $64.00 and gave the corporate an equal weight score in a report on Tuesday, April nineteenth. Seaport Res Ptn lowered shares of Sonoco Merchandise from a purchase score to a impartial score in a report on Friday, April twenty second. Citigroup initiated protection on shares of Sonoco Merchandise in a report on Friday, July 1st. They issued a purchase score and a $66.00 goal worth on the inventory. Lastly, StockNews.com lowered shares of Sonoco Merchandise from a purchase score to a maintain score in a report on Wednesday, April twenty seventh. One analysis analyst has rated the inventory with a promote score, 5 have assigned a maintain score and three have issued a purchase score to the inventory. Based mostly on knowledge from MarketBeat, the corporate presently has a median score of Maintain and a median goal worth of $64.14.
In different information, CFO Julie C. Albrecht offered 1,693 shares of the corporate’s inventory in a transaction dated Monday, April twenty fifth. The shares had been offered at a median worth of $61.89, for a complete transaction of $104,779.77. Following the completion of the transaction, the chief monetary officer now owns 54,091 shares of the corporate’s inventory, valued at roughly $3,347,691.99. The transaction was disclosed in a submitting with the SEC, which is offered at this hyperlink. Company insiders personal 0.47% of the corporate’s inventory.
Institutional traders and hedge funds have just lately purchased and offered shares of the inventory. Pinnacle Holdings LLC acquired a brand new stake in Sonoco Merchandise through the 1st quarter value roughly $58,000. Baird Monetary Group Inc. acquired a brand new stake in Sonoco Merchandise through the 1st quarter value roughly $221,000. Quantamental Applied sciences LLC acquired a brand new stake in Sonoco Merchandise through the 1st quarter value roughly $274,000. Ethic Inc. acquired a brand new stake in Sonoco Merchandise through the 1st quarter value roughly $338,000. Lastly, Continuum Advisory LLC elevated its place in Sonoco Merchandise by 71.0% through the 1st quarter. Continuum Advisory LLC now owns 6,192 shares of the commercial merchandise firm’s inventory value $383,000 after buying an extra 2,571 shares within the final quarter. 77.06% of the inventory is owned by hedge funds and different institutional traders.
Sonoco Merchandise Firm Profile (Get Rating)
Sonoco Merchandise Firm, along with its subsidiaries, manufactures and sells industrial and shopper packaging merchandise in North and South America, Europe, Australia, and Asia. The corporate operates by means of two segments: Shopper Packaging and Industrial Paper Packaging. The Shopper Packaging section spherical and formed inflexible paper containers; steel and peelable membrane ends and closures; thermoformed plastic trays and containers; printed versatile packaging; and world model paintings administration.
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