As of May 1, 2023, Sonoco, a prominent packaging company with a global presence, has announced its projected adjusted earnings per share (EPS) for the second quarter of 2022. According to their estimates, the EPS is expected to fall within the range of $1.45 to $1.55, which is slightly higher than the consensus estimate of $1.53.

In the second quarter of 2022, Sonoco reported robust results, with a base net income of $104.8 million, or $1.03 per diluted share. Moving forward, the company anticipates its base earnings for the third quarter of 2022 to be within the range of $1.35 to $1.45 per diluted share.

It’s worth noting that the EPS figures provided by Sonoco are adjusted earnings, which exclude certain items such as restructuring charges and acquisition-related costs. The company has provided a reconciliation of its adjusted EPS to GAAP EPS in the appendix of its earnings report.

However, Sonoco cautions that its forward-looking statements, including its EPS guidance, are based on current expectations, estimates, and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements.

SON Stock Performance and Financial Analysis on May 1, 2023

On May 1, 2023, SON stock opened at $60.73 and experienced a range of $60.73 – $62.33 with a volume of 914,138. The market cap for SON was $5.9B, and its P/E ratio was 13.2. The Price/Sales ratio was 0.83, and the Price/Book ratio was 2.87. SON operates in the Containers/Packaging industry, with an annual revenue of $7.2B and a net profit margin of 6.44%. The earnings growth for the current year was recorded at -10.68%, while the earnings growth for the next five years is expected to be around 3.00%. The revenue growth for the previous year was 29.71%. SON is scheduled to report its next earnings on May 2, 2023, with an EPS forecast of $1.32. Overall, SON’s stock performance on May 1, 2023, was stable, and the company’s financials and ratios suggest that it is a sound investment.

Sonoco Products Co: Analysts Predict Positive Future Growth with Median Target Price of $65.00

On May 1, Sonoco Products Co had a median target price of $65.00, according to seven analysts who offered 12-month price forecasts. The high estimate was $82.00 and the low estimate was $57.00. The median estimate represented a +4.57% increase from the last price of $62.16.

The current consensus among 10 polled investment analysts was to hold stock in Sonoco Products Co.

Sonoco Products Co is a global provider of consumer packaging, industrial products, protective packaging, and packaging supply chain services. The company had reported earnings per share of $1.32 and sales of $1.8B for the current quarter, with a reporting date of May 02, 2023.

Based on the available data, it seems that Sonoco Products Co has been performing relatively well in the stock market. The median target price of $65.00, as estimated by the seven analysts, suggests that there is a positive outlook for the company’s future growth.

The fact that the consensus among 10 polled investment analysts is to hold stock in Sonoco Products Co indicates that the company is considered a stable investment.

Overall, it appears that Sonoco Products Co is a solid investment option for those who are looking for stability and potential growth in the consumer packaging and industrial products sectors. With a median target price of $65.00 and a hold rating among investment analysts, the company’s future looks promising.

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