$0.86 EPS Expected for Sonoco Products Company (SON)

September 25, 2018 - By Jacob Reddy

Sonoco Products Company (NYSE:SON) LogoInvestors sentiment increased to 1.24 in 2018 Q2. Its up 0.25, from 0.99 in 2018Q1. It is positive, 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.
First Mercantile Trust accumulated 130 shares. Focused Wealth Management holds 0.02% or 924 shares. Alpha Windward Lc invested in 9,780 shares or 0.32% of the stock. Deutsche Commercial Bank Ag holds 230,773 shares. New York-based Oppenheimer Asset has invested 0.01% in Sonoco Products Company (NYSE:SON). King Luther Capital Corporation invested in 15,616 shares. Umb Bankshares N A Mo has 0.01% invested in Sonoco Products Company (NYSE:SON) for 3,834 shares. Qs Ltd Llc owns 29 shares for 0% of their portfolio. Td Asset Mngmt owns 18,228 shares or 0% of their US portfolio. Old Republic Int Corporation has 0.57% invested in Sonoco Products Company (NYSE:SON) for 351,800 shares. Moreover, Aqr Limited Liability has 0.01% invested in Sonoco Products Company (NYSE:SON). Bahl Gaynor holds 0.02% or 30,538 shares. Texas Permanent School Fund holds 64,260 shares. Metropolitan Life Insurance Company Ny holds 0% of its portfolio in Sonoco Products Company (NYSE:SON) for 28,679 shares. Goldman Sachs Gp Inc accumulated 205,860 shares.

Since April 20, 2018, it had 0 buys, and 13 sales for $3.09 million activity. Coker R. Howard sold $248,404 worth of Sonoco Products Company (NYSE:SON) on Monday, April 23. 11,521 Sonoco Products Company (NYSE:SON) shares with value of $622,134 were sold by McLeland Allan H. Fuller Rodger D sold 1,884 shares worth $104,946. $199,395 worth of Sonoco Products Company (NYSE:SON) was sold by ARTHUR VICKI B on Wednesday, May 9. Another trade for 1,081 shares valued at $56,410 was made by MAHONEY KEVIN P on Tuesday, May 8. $56,551 worth of stock was 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 company was downgraded on Monday, April 2 by Bank of America. The company was maintained on Monday, July 23 by Barclays Capital. On Friday, April 20 the stock rating was downgraded by Vertical Research to “Hold”. The firm has “Hold” rating given on Thursday, April 19 by KeyBanc Capital Markets.

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

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