$0.86 EPS Expected for Sonoco Products Company (SON)

June 15, 2018 - By John Moody

Sonoco Products Company (NYSE:SON) LogoInvestors sentiment decreased to 0.99 in 2018 Q1. Its down 0.15, from 1.14 in 2017Q4. It is 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.
Synovus Financial holds 18,700 shares or 0.02% of its portfolio. First Midwest State Bank Tru Division has invested 0.04% of its portfolio in Sonoco Products Company (NYSE:SON). Moreover, Shine Investment Advisory Ser Incorporated has 0.01% invested in Sonoco Products Company (NYSE:SON) for 447 shares. Moreover, Credit Suisse Ag has 0.03% invested in Sonoco Products Company (NYSE:SON). Georgia-based Suntrust Banks has invested 0.03% in Sonoco Products Company (NYSE:SON). Barclays Public Limited Liability Com owns 0% invested in Sonoco Products Company (NYSE:SON) for 43,414 shares. Moreover, Gateway Inv Advisers Lc has 0.06% invested in Sonoco Products Company (NYSE:SON). Lsv Asset Management reported 742,000 shares. Ubs Asset Americas accumulated 118,878 shares. Impax Asset Mngmt Limited accumulated 0.63% or 489,710 shares. Td Asset Mngmt Inc accumulated 31,418 shares. Axa stated it has 435,100 shares or 0.08% of all its holdings. State Treasurer State Of Michigan invested 0.01% of its portfolio in Sonoco Products Company (NYSE:SON). New York-based Financial Bank Of New York Mellon has invested 0.02% in Sonoco Products Company (NYSE:SON). Voya Inv Management Ltd Limited Liability Company owns 0% invested in Sonoco Products Company (NYSE:SON) for 37,113 shares.

Since April 20, 2018, it had 0 buys, and 7 sales for $1.43 million activity. The insider Coker R. Howard sold 4,777 shares worth $248,404. MAHONEY KEVIN P sold $56,410 worth of stock or 1,081 shares. Another trade for 3,780 shares valued at $199,395 was made by ARTHUR VICKI B on Wednesday, May 9. SCHRUM ROGER P sold $56,551 worth of Sonoco Products Company (NYSE:SON) on Tuesday, June 5. $713,355 worth of Sonoco Products Company (NYSE:SON) shares were sold by Fuller Rodger D.

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 $85.63M giving it 15.43 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 increased 0.23% or $0.12 during the last trading session, reaching $53.08. About 282,122 shares traded. Sonoco Products Company (NYSE:SON) has risen 2.67% since June 15, 2017 and is uptrending. It has underperformed by 9.90% 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 6 analyst reports since December 15, 2017 according to SRatingsIntel. As per Friday, April 20, the company rating was downgraded by Vertical Research. On Friday, March 23 the stock rating was upgraded by Vertical Research to “Buy”. KeyBanc Capital Markets maintained the shares of SON in report on Thursday, April 19 with “Hold” rating. Bank of America downgraded the shares of SON in report on Monday, April 2 to “Hold” rating. Barclays Capital upgraded Sonoco Products Company (NYSE:SON) on Friday, December 15 to “Equal-Weight” 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 $5.29 billion. The firm operates through four divisions: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. It has a 27.36 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 notable recent Sonoco Products Company (NYSE:SON) news were published by: Globenewswire.com which released: “Sonoco Implementing Price Increases for Paperboard Tubes and Cores” on June 14, 2018, also Bizjournals.com with their article: “Plant City agtech company raises fresh capital” published on June 12, 2018, Globenewswire.com published: “Sonoco joins Amazon APASS supplier network” on June 13, 2018. More interesting news about Sonoco Products Company (NYSE:SON) were released by: Globenewswire.com and their article: “Sonoco to Acquire Conitex Sonoco Joint Venture” published on May 29, 2018 as well as Globenewswire.com‘s news article titled: “Sonoco Implementing Price Increase for All Uncoated Recycled Paperboard Products” with publication date: May 30, 2018.

Sonoco Products Company (NYSE:SON) Institutional Positions Chart

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