Sonoco Products Company (SON) Analysts See $0.86 EPS

September 25, 2018 - By Russell Jones

Sonoco Products Company (NYSE:SON) LogoInvestors sentiment increased to 1.24 in 2018 Q2. Its up 0.25, from 0.99 in 2018Q1. It increased, 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.
Guyasuta invested in 46,886 shares. Mufg Americas Corporation stated it has 0% of its portfolio in Sonoco Products Company (NYSE:SON). Balyasny Asset Management holds 0.01% or 35,683 shares. State Board Of Administration Of Florida Retirement Sys invested in 0.02% or 149,980 shares. Salem Invest Counselors invested in 0.5% or 103,919 shares. Robeco Institutional Asset Mgmt Bv reported 0.08% in Sonoco Products Company (NYSE:SON). Advsrs Asset Incorporated accumulated 32,834 shares. 13,208 were accumulated by Bb&T Lc. Keybank National Association Oh invested 0% of its portfolio in Sonoco Products Company (NYSE:SON). First Republic Inv Management stated it has 0.07% in Sonoco Products Company (NYSE:SON). Aperio Gp Ltd accumulated 42,628 shares or 0.01% of the stock. Trillium Asset Limited Liability Co holds 0.22% or 77,563 shares in its portfolio. 32,564 are owned by Eqis Capital Incorporated. Palladium Partners Ltd Llc has invested 0.06% in Sonoco Products Company (NYSE:SON). Brown Brothers Harriman has 280,143 shares for 0.09% of their portfolio.

Since April 20, 2018, it had 0 insider buys, and 13 insider sales for $3.09 million activity. Thompson Marcy J sold $95,612 worth of Sonoco Products Company (NYSE:SON) on Tuesday, June 5. $199,395 worth of Sonoco Products Company (NYSE:SON) was sold by ARTHUR VICKI B on Wednesday, May 9. Shares for $56,410 were sold by MAHONEY KEVIN P. Fuller Rodger D had sold 1,884 shares worth $104,946 on Thursday, July 26. Another trade for 4,777 shares valued at $248,404 was sold by Coker R. Howard. 7,705 shares were sold by McLeland Allan H, worth $437,444 on Friday, July 20.

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. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, July 23 report. KeyBanc Capital Markets maintained the stock with “Hold” rating in Thursday, April 19 report. The firm has “Hold” rating given on Friday, April 20 by Vertical Research. As per Monday, April 2, the company rating was downgraded by Bank of America.

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’s Hartsville Paper Operations Temporarily Shut Following Hurricane Florence Flooding” on September 18, 2018. Globenewswire.com‘s article titled: “Sonoco Donates $50000 to Hurricane Florence Relief” and published on September 18, 2018 is yet another important article.

Sonoco Products Company (NYSE:SON) Institutional Positions Chart

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