Is Sonoco Products Co. (NYSE: SON) Still On The Rise?

After Hours

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Stocks Info

This NYSE-listed company operates within the Packaging & Containers industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Sonoco Products Co. is $5.06B. A total of 1.06 million shares were traded on the day, compared to an average of 780.31K shares.

In the most recent transaction, Wood Adam sold 537 shares of SON for 57.04 per share on Mar 06 ’24. After the transaction, the VP Paper&Ind Converted Prod now owns 28,273 company shares. In a previous transaction on Feb 28 ’24, Grissett Russell K sold 2,039 shares at 56.06 per share. SON shares that Pres Global Flexible Packaging owns now total 11,988.

Among the insiders who sold shares, Tomaszewski Jeffrey S disposed of 10,500 shares on Feb 23 ’24 at a per-share price of $57.53. This resulted in the Pres., Diversified Business holding 13,456 shares of SON after the transaction. In another insider transaction, Haynes Ernest D III sold 3,750 shares at $57.58 per share on Feb 23 ’24. Company shares held by the Pres. Sonoco Metal Packaging now total 435.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Sonoco Products Co. pays an annual dividend of $2.06, resulting in a dividend yield of 4.00%, and it has a price to earnings (P/E) ratio of 13.87. SON’s most recent ex-dividend date was 8/9/2024 when it declared a $0.52 quarterly dividend that was paid in cash on 9/10/2024. Previously, the company paid the dividend on 6/10/2024 with an ex-dividend date of 5/9/2024. The SON stock dividend was $0.52 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SON has a high of $61.73 and a low of $48.22.

As of this writing, SON has an earnings estimate of $1.46 per share for the current quarter. EPS was calculated based on a consensus of 6.0 estimates, with a high estimate of $1.5 per share and a lower estimate of $1.41. The company reported an EPS of $1.46 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SON’s latest balance sheet shows that the firm has $170.98M in Cash & Short Term Investments as of fiscal 2021. There were $1.84B in debt and $1.53B in liabilities at the time. Its Book Value Per Share was $24.78, while its Total Shareholder’s Equity was $1.85B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SON is Buy with a score of 4.40.

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