Sonoco Products Company (SON)

NYSE: SON · IEX Real-Time Price · USD
49.31
-1.00 (-1.99%)
At close: Jul 2, 2024, 4:00 PM
49.63
+0.32 (0.64%)
After-hours: Jul 2, 2024, 7:56 PM EDT
-1.99%
Market Cap 4.84B
Revenue (ttm) 6.69B
Net Income (ttm) 391.82M
Shares Out 98.26M
EPS (ttm) 3.96
PE Ratio 12.45
Forward PE 9.01
Dividend $2.08 (4.22%)
Ex-Dividend Date May 9, 2024
Volume 792,447
Open 50.19
Previous Close 50.31
Day's Range 49.10 - 50.39
52-Week Range 49.10 - 61.73
Beta 0.71
Analysts Buy
Price Target 61.00 (+23.71%)
Earnings Date Jul 29, 2024

About SON

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products. The Indust... [Read more]

Founded 1899
Employees 23,000
Stock Exchange NYSE
Ticker Symbol SON
Full Company Profile

Financial Performance

In 2023, SON's revenue was $6.78 billion, a decrease of -6.47% compared to the previous year's $7.25 billion. Earnings were $474.96 million, an increase of 1.83%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for SON stock is "Buy." The 12-month stock price forecast is $61.0, which is an increase of 23.71% from the latest price.

Price Target
$61.0
(23.71% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Packaging firm Sonoco Products to buy Eviosys in $3.9 bln deal

Sonoco Products said on Monday it would buy European food cans maker Eviosys from private equity group KPS Capital Partners in a $3.9 billion deal, to expand its metal and aerosol packaging business.

8 days ago - Reuters

Sonoco paying $3.9B for European food can company Eviosys

Sonoco Products Co. SON, -1.52% said Monday it agreed to pay $3.9 billion to KPS Capital Partners LP to buy Eviosys, a 6,300-employee food can and closure maker based in Europe. Sonoco said the transa...

8 days ago - Market Watch

KPS CAPITAL PARTNERS TO SELL EVIOSYS TO SONOCO FOR €3.615 BILLION

NEW YORK , June 24, 2024 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has entered into an agreement for its portfolio company, Eviosys (the "Company"), to be sold to Sonoco...

Other symbols: CCK
8 days ago - PRNewsWire

Sonoco to Acquire Eviosys, Creating The World's Leading Metal Food Can and Aerosol Packaging Platform

Advances Sonoco's Shareholder Value Creation Strategy Through Disciplined and High Return Capital Investment Transaction Value of Approximately $3.9 Billion Represents a Multiple of 7.3x 2024 Expected...

8 days ago - GlobeNewsWire

Sonoco Implementing Price Increase for all Paperboard Converted Products in North America and Canada

HARTSVILLE, S.C., June 17, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments...

15 days ago - GlobeNewsWire

Sonoco Implementing Increase for Uncoated Recycled Paperboard in the U.S. and Canada

HARTSVILLE, S.C., June 10, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard (URB) in the Unite...

22 days ago - GlobeNewsWire

Sonoco-Alcore to Increase Tube & Core Prices in the EMEA Region

BRUSSELS, June 06, 2024 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l. announced today that due to continued inflationary pressure on the business, it will raise prices by 7% on all tube and core grades s...

26 days ago - GlobeNewsWire

Sonoco To Implement Further Price Increase for Core Board and Paperboard in Europe

BRUSSELS, Belgium, June 04, 2024 (GLOBE NEWSWIRE) -- Following the announcement of 25th March 2024, Sonoco (NYSE: SON) today announced it is implementing a further price increase as input costs have c...

4 weeks ago - GlobeNewsWire

Sonoco Announces New, State-of-the-Art, Technical and Engineering Center for Metal Packaging Innovation

HARTSVILLE, S.C., May 30, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco”) (NYSE: SON), one of the largest sustainable global packaging companies, today announced the grand opening of a new...

4 weeks ago - GlobeNewsWire

Sonoco Announces Retirement of Diversified Business Leader

HARTSVILLE, S.C., May 14, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today announced the upcom...

7 weeks ago - GlobeNewsWire

Sonoco ISCC PLUS Certification Promotes Flexible Packaging Circularity

HARTSVILLE, S.C., May 13, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE:SON), one of the largest global sustainable packaging companies, is pleased to announce tha...

7 weeks ago - GlobeNewsWire

Sonoco Reports First Quarter 2024 Results

HARTSVILLE, S.C., April 30, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today reported financia...

2 months ago - GlobeNewsWire

Sonoco Implementing Price Increase for Tubes and Cores in Mexico

MEXICO CITY, Mexico, April 29, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a 6% price increase for tubes and cores products sold in Mexico starting with May 2024 del...

2 months ago - GlobeNewsWire

Sonoco To Report First Quarter 2024 Results

HARTSVILLE, S.C., April 24, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSE: SON), one of the largest global sustainable packaging companies, will announce first quar...

2 months ago - GlobeNewsWire

Sonoco Releases 2023 Corporate Sustainability Report Detailing Progress on Sustainability Initiatives

HARTSVILLE, S.C., April 23, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE:SON), one of the largest global sustainable packaging companies, today released its 2023 ...

2 months ago - GlobeNewsWire

Sonoco Increases Quarterly Stock Dividend for 41ˢᵗ Consecutive Year

HARTSVILLE, S.C., April 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) today increased its quarterly common stock dividend to $0.52 per share from the previous quarterly dis...

2 months ago - GlobeNewsWire

Sonoco and ENGIE Announce 140 Megawatt Virtual Power Purchase Agreement – Output from Big Sampson Wind Project will be First Renewable Energy Project for Sonoco

Sonoco and ENGIE Announce 140 Megawatt Virtual Power Purchase Agreement – Output from Big Sampson Wind Project will be First Renewable Energy Project for S

3 months ago - GlobeNewsWire

Sonoco Implementing Price Increase for Uncoated Recycled Paperboard in Europe

HARTSVILLE, S.C., March 25, 2024 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a €60 per ton, £50 for UK market, price increase for all grades of uncoated recycled paperboa...

3 months ago - GlobeNewsWire

These 3 Materials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Sonoco Prods (NYSE:SON), International Paper (NYSE:IP)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: IPTROX
4 months ago - Benzinga

Sonoco Hosts Investor Day 2024 and Announces Updated Long Term Targets

HARTSVILLE, S.C., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today hosts its 2024 Inv...

4 months ago - GlobeNewsWire

Sonoco Reports Fourth Quarter and Full Year 2023 Results

HARTSVILLE, S.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today reported financial...

4 months ago - GlobeNewsWire

Sonoco Declares Regular Quarterly Common Stock Dividend

HARTSVILLE, S.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sonoco (NYSE: SON) has declared a $0.51 per share quarterly common stock dividend.

4 months ago - GlobeNewsWire

Sonoco Announces Uncoated Paperboard (URB) Mill Closure in Sumner, Washington

HARTSVILLE, S.C., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest global sustainable packaging companies, today announced that it ...

5 months ago - GlobeNewsWire

These 3 Materials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: EMNTROX
5 months ago - Benzinga

Sonoco Announces Agreement for the Divestiture of its Protective Solutions Packaging Business as Part of Planned Portfolio Optimization Strategy

HARTSVLLE, S.C., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”)(NYSE: SON), one of the largest global sustainable packaging companies, today announced that certa...

5 months ago - GlobeNewsWire