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

June 19, 2018 - By Ash

Sonoco Products Company (NYSE:SON) LogoInvestors sentiment decreased to 0.99 in 2018 Q1. Its down 0.15, from 1.14 in 2017Q4. It turned negative, as 37 investors sold Sonoco Products Company shares while 102 reduced holdings. 34 funds opened positions while 103 raised stakes. 67.37 million shares or 0.01% more from 67.37 million shares in 2017Q4 were reported.
Gemmer Asset Mngmt Lc reported 189 shares. North Carolina-based Salem Invest Counselors Inc has invested 0.6% in Sonoco Products Company (NYSE:SON). Regions Finance Corp holds 5,222 shares or 0% of its portfolio. Moreover, Great West Life Assurance Can has 0.01% invested in Sonoco Products Company (NYSE:SON). Lsv Asset holds 0.06% in Sonoco Products Company (NYSE:SON) or 742,000 shares. 1.73M are held by Ameriprise Financial. Sg Americas Lc holds 23,686 shares or 0.01% of its portfolio. Huntington Bancorporation has invested 0% in Sonoco Products Company (NYSE:SON). Neuberger Berman Limited Liability invested in 0% or 21,824 shares. Speece Thorson Grp reported 345,010 shares stake. Fund Mngmt Sa has invested 0% in Sonoco Products Company (NYSE:SON). Riverhead Capital Ltd Limited Liability Company accumulated 10,655 shares. Financial Bank Of Hawaii reported 0.07% stake. Prudential Pcl accumulated 4,200 shares. Comerica Commercial Bank stated it has 82,417 shares or 0.03% of all its holdings.

Since April 20, 2018, it had 0 insider purchases, and 7 selling transactions for $1.43 million activity. $248,404 worth of stock was sold by Coker R. Howard on Monday, April 23. 3,780 Sonoco Products Company (NYSE:SON) shares with value of $199,395 were sold by ARTHUR VICKI B. $56,410 worth of Sonoco Products Company (NYSE:SON) shares were sold by MAHONEY KEVIN P. 13,974 Sonoco Products Company (NYSE:SON) shares with value of $713,355 were sold by Fuller Rodger D. On Tuesday, June 5 SCHRUM ROGER P sold $56,551 worth of Sonoco Products Company (NYSE:SON) or 1,067 shares.

Analysts expect Sonoco Products Company (NYSE:SON) to report $0.86 EPS on July, 19.They anticipate $0.15 EPS change or 21.13 % from last quarter’s $0.71 EPS. SON’s profit would be $85.62M giving it 15.33 P/E if the $0.86 EPS is correct. After having $0.74 EPS previously, Sonoco Products Company’s analysts see 16.22 % EPS growth. The stock decreased 0.26% or $0.14 during the last trading session, reaching $52.74. About 432,890 shares traded. Sonoco Products Company (NYSE:SON) has risen 2.67% since June 19, 2017 and is uptrending. It has underperformed by 9.90% the S&P500.

Sonoco Products Company (NYSE:SON) Ratings Coverage

Among 4 analysts covering Sonoco Products (NYSE:SON), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Sonoco Products had 5 analyst reports since March 23, 2018 according to SRatingsIntel. The stock has “Buy” rating by Vertical Research on Friday, March 23. The company was downgraded on Monday, April 2 by Bank of America. KeyBanc Capital Markets maintained the shares of SON in report on Thursday, April 19 with “Hold” rating. Vertical Research downgraded the shares of SON in report on Friday, April 20 to “Hold” rating.

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 $5.25 billion. The firm operates through four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. It has a 27.19 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 important recent Sonoco Products Company (NYSE:SON) news were published by: Globenewswire.com which released: “Sonoco to Acquire Conitex Sonoco Joint Venture” on May 29, 2018, also Globenewswire.com published article titled: “Sonoco Implementing Price Increases for Paperboard Tubes and Cores”, Globenewswire.com published: “Sonoco Implementing Price Increase for All Uncoated Recycled Paperboard Products” on May 30, 2018. More interesting news about Sonoco Products Company (NYSE:SON) was released by: Globenewswire.com and their article: “Sonoco joins Amazon APASS supplier network” with publication date: June 13, 2018.

Sonoco Products Company (NYSE:SON) Institutional Positions Chart

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