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Sonoco Products Company (SON)

NYSE - NYSE Delayed Price. Currency in USD
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54.51-0.28 (-0.51%)
At close: 4:00PM EDT

54.51 0.00 (0.00%)
After hours: 4:15PM EDT

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Neutralpattern detected
Previous Close54.79
Open54.36
Bid52.73 x 800
Ask54.91 x 1000
Day's Range54.16 - 54.83
52 Week Range37.30 - 62.77
Volume366,303
Avg. Volume466,401
Market Cap5.471B
Beta (5Y Monthly)0.80
PE Ratio (TTM)20.26
EPS (TTM)2.69
Earnings DateOct 22, 2020
Forward Dividend & Yield1.72 (3.16%)
Ex-Dividend DateAug 07, 2020
1y Target Est56.00
  • Benzinga

    Benzinga's Top Upgrades, Downgrades For August 4, 2020

    Upgrades * UBS upgraded the previous rating for Seagate Technology PLC (NASDAQ: STX) from Sell to Neutral. Seagate Technology earned $1.20 in the fourth quarter, compared to $0.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.17 and a 52-week-low of $39.02. Seagate Technology closed at $44.76 at the end of the last trading period. * B of A Securities upgraded the previous rating for LyondellBasell Industries NV (NYSE: LYB) from Underperform to Neutral. For the second quarter, LyondellBasell Industries had an EPS of $0.68, compared to year-ago quarter EPS of $2.70. The stock has a 52-week-high of $98.91 and a 52-week-low of $33.71. At the end of the last trading period, LyondellBasell Industries closed at $62.14. * According to Susquehanna, the prior rating for Zillow Group Inc (NASDAQ: ZG) was changed from Negative to Neutral. In the first quarter, Zillow Gr showed an EPS of ($0.25), compared to ($0.02) from the year-ago quarter. At the moment, the stock has a 52-week-high of $70.86 and a 52-week-low of $18.65. Zillow Gr closed at $67.76 at the end of the last trading period. * Deutsche Bank upgraded the previous rating for McKesson Corp (NYSE: MCK) from Hold to Buy. McKesson earned $2.77 in the first quarter, compared to $3.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $172.18 and a 52-week-low of $112.60. McKesson closed at $159.90 at the end of the last trading period. * Deutsche Bank upgraded the previous rating for Reliance Steel & Aluminum Co (NYSE: RS) from Hold to Buy. Reliance Steel & Aluminum earned $1.36 in the second quarter, compared to $2.71 in the year-ago quarter. The stock has a 52-week-high of $122.17 and a 52-week-low of $70.57. At the end of the last trading period, Reliance Steel & Aluminum closed at $101.08. * According to Goldman Sachs, the prior rating for Landstar System Inc (NASDAQ: LSTR) was changed from Sell to Neutral. Landstar System earned $0.68 in the second quarter, compared to $1.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $126.13 and a 52-week-low of $85.30. Landstar System closed at $122.53 at the end of the last trading period. * According to KeyBanc, the prior rating for Public Service Enterprise Group Inc (NYSE: PEG) was changed from Sector Weight to Overweight. For the second quarter, Public Service Enterprise had an EPS of $0.79, compared to year-ago quarter EPS of $0.58. The current stock performance of Public Service Enterprise shows a 52-week-high of $63.88 and a 52-week-low of $34.75. Moreover, at the end of the last trading period, the closing price was at $54.49. Downgrades * According to B of A Securities, the prior rating for Take-Two Interactive Software Inc (NASDAQ: TTWO) was changed from Neutral to Underperform. Take-Two Interactive earned $2.30 in the first quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $169.19 and a 52-week-low of $100.00. At the end of the last trading period, Take-Two Interactive closed at $167.69. * Argus Research downgraded the previous rating for Sonoco Products Co (NYSE: SON) from Buy to Hold. For the second quarter, Sonoco Products had an EPS of $0.79, compared to year-ago quarter EPS of $0.95. The stock has a 52-week-high of $62.77 and a 52-week-low of $37.30. At the end of the last trading period, Sonoco Products closed at $52.27. * For Freeport-McMoRan Inc (NYSE: FCX), Morgan Stanley downgraded the previous rating of Overweight to the current rating Equal-Weight. For the second quarter, Freeport-McMoRan had an EPS of $0.03, compared to year-ago quarter EPS of ($0.04). At the moment, the stock has a 52-week-high of $13.87 and a 52-week-low of $4.82. Freeport-McMoRan closed at $13.09 at the end of the last trading period. * RBC Capital downgraded the previous rating for Hexcel Corp (NYSE: HXL) from Outperform to Sector Perform. Hexcel earned $0.08 in the second quarter, compared to $0.94 in the year-ago quarter. The stock has a 52-week-high of $87.00 and a 52-week-low of $24.54. At the end of the last trading period, Hexcel closed at $37.51. * JP Morgan downgraded the previous rating for Neurocrine Biosciences Inc (NASDAQ: NBIX) from Overweight to Neutral. For the second quarter, Neurocrine Biosciences had an EPS of $1.42, compared to year-ago quarter EPS of $0.71. The current stock performance of Neurocrine Biosciences shows a 52-week-high of $136.26 and a 52-week-low of $72.14. Moreover, at the end of the last trading period, the closing price was at $123.01. * For Noble Energy Inc (NASDAQ: NBL), Stifel downgraded the previous rating of Buy to the current rating Hold. In the second quarter, Noble Energy showed an EPS of ($0.24), compared to ($0.10) from the year-ago quarter. The stock has a 52-week-high of $27.31 and a 52-week-low of $2.73. At the end of the last trading period, Noble Energy closed at $9.97. * According to Goldman Sachs, the prior rating for The Container Store Group Inc (NYSE: TCS) was changed from Neutral to Sell. In the first quarter, Container Store Group showed an EPS of ($0.32), compared to ($0.08) from the year-ago quarter. The stock has a 52-week-high of $5.63 and a 52-week-low of $1.80. At the end of the last trading period, Container Store Group closed at $3.50. * According to Argus Research, the prior rating for ONEOK Inc (NYSE: OKE) was changed from Buy to Hold. For the second quarter, ONEOK had an EPS of $0.32, compared to year-ago quarter EPS of $0.75. The stock has a 52-week-high of $78.48 and a 52-week-low of $12.16. At the end of the last trading period, ONEOK closed at $28.12. * For General Dynamics Corp (NYSE: GD), Argus Research downgraded the previous rating of Buy to the current rating Hold. For the second quarter, General Dynamics had an EPS of $2.18, compared to year-ago quarter EPS of $2.77. The current stock performance of General Dynamics shows a 52-week-high of $193.76 and a 52-week-low of $100.55. Moreover, at the end of the last trading period, the closing price was at $147.72. Initiations * Stifel initiated coverage on Inventiva SA (NASDAQ: IVA) with a Buy rating. The price target for Inventiva is set to $18.00. At the moment, the stock has a 52-week-high of $11.00 and a 52-week-low of $9.46. Inventiva closed at $10.24 at the end of the last trading period. * B of A Securities initiated coverage on Poseida Therapeutics Inc (NASDAQ: PSTX) with a Buy rating. The price target for Poseida Therapeutics is set to $20.00. The current stock performance of Poseida Therapeutics shows a 52-week-high of $15.79 and a 52-week-low of $11.77. Moreover, at the end of the last trading period, the closing price was at $13.41. * With a current rating of Buy, Roth Capital initiated coverage on Quhuo Ltd (NASDAQ: QH). The price target seems to have been set at $18.00 for Quhuo. The current stock performance of Quhuo shows a 52-week-high of $9.58 and a 52-week-low of $7.69. Moreover, at the end of the last trading period, the closing price was at $8.73. * HC Wainwright & Co. initiated coverage on Lumos Pharma Inc (NASDAQ: LUMO) with a Buy rating. The price target for Lumos Pharma is set to $33.00. The current stock performance of Lumos Pharma shows a 52-week-high of $17.50 and a 52-week-low of $6.74. Moreover, at the end of the last trading period, the closing price was at $13.80. * Mizuho initiated coverage on Nkarta Inc (NASDAQ: NKTX) with a Buy rating. The price target for Nkarta is set to $34.00. At the moment, the stock has a 52-week-high of $29.30 and a 52-week-low of $25.50. Nkarta closed at $26.58 at the end of the last trading period. * Piper Sandler initiated coverage on Poseida Therapeutics Inc (NASDAQ: PSTX) with an Overweight rating. The price target for Poseida Therapeutics is set to $30.00. At the moment, the stock has a 52-week-high of $15.79 and a 52-week-low of $11.77. Poseida Therapeutics closed at $13.41 at the end of the last trading period. * With a current rating of Buy, Craig-Hallum initiated coverage on Purple Innovation Inc (NASDAQ: PRPL). The price target seems to have been set at $30.00 for Purple Innovation. For the first quarter, Purple Innovation had an EPS of $0.11, compared to year-ago quarter EPS of ($0.02). The stock has a 52-week-high of $26.18 and a 52-week-low of $4.42. At the end of the last trading period, Purple Innovation closed at $26.16.See more from Benzinga * How Does Microsoft's Debt Look? * Venator Materials: Q2 Earnings Insights * Recap: Vishay Precision Group Q2 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Thomson Reuters StreetEvents

    Edited Transcript of SON earnings conference call or presentation 16-Jul-20 3:00pm GMT

    Q2 2020 Sonoco Products Co Earnings Call

  • GlobeNewswire

    Sonoco Acquires Sustainable Paper Can Solutions Producer

    HARTSVILLE, S.C., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest global diversified packaging companies, today announced it has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for total consideration of €41.7 million, or approximately $49 million. Founded by George Sireix in 1989, Can Packaging operates two paper can manufacturing facilities in France along with a research and development center where it designs and builds patented packaging machines and sealing equipment. Can Packaging is projected to produce sales of approximately €23 million or $27 million in 2020 and provides sustainable paperboard packaging to a number of large consumer food brands distributed across Europe. The business has approximately 60 associates.“We are extremely pleased to have Can Packaging joining Sonoco’s growing portfolio of sustainable packaging solutions,” said Howard Coker, president and chief executive officer. “This strategic acquisition provides us many new innovations, including patented technology to produce a recyclable, high performance all-paper package, that can be made round, square, rectangular, oval, oblong or triangular. These innovations will complement our global Rigid Paperboard Container franchise and add to our EnvrioSense™ sustainable packaging portfolio.”Sean Cairns, division vice president and general manager of Sonoco’s European Consumer Products Division, said, “Adding Can Packaging’s innovation center, intellectual property and proprietary manufacturing capabilities will allow Sonoco to leverage and enhance our strong material science and engineering capabilities to develop more recyclable, mono-material paper packaging solutions that will have a wide range of food barrier properties for our customers in Europe. We also see using Can Packaging’s unique, low-cost machine technology to expand our consumer products offering into growth markets.”Cairns added that Sireix will remain as a consultant to Sonoco and his son, Guillaume, who leads technology and engineering for Can Packaging, will remain as an innovation leader of the Company’s European Consumer Products Division. There will be no changes to operations or customer relationships.About Sonoco Founded in 1899, Sonoco (NYSE: SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5.4 billion, the Company has 23,000 employees working in approximately 300 operations in 36 countries, serving some of the world’s best-known brands in some 85 nations. Sonoco is committed to creating sustainable products, services and programs for our customers, employees and communities that support our corporate purpose of Better Packaging. Better Life. The Company ranked first in the Packaging sector on Fortune’s World’s Most Admired Companies for 2020 as well as Barron’s 100 Most Sustainable Companies. For more information, visit www.sonoco.com.  A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/df500626-53ae-409b-a8be-78574f4caf8b CONTACT: Contact: Roger Schrum +843-339-6018 roger.schrum@sonoco.com