Sonoco Products Co SON.N reported quarterly adjusted earnings of $1.37 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.28. The mean expectation of ten analysts for the quarter was for earnings of $1.45 per share. Wall Street expected results to range from $1.40 to $1.56 per share.
Revenue rose 17.7% to $1.91 billion from a year ago; analysts expected $1.91 billion.
Sonoco Products Co's reported EPS for the quarter was $4.96.
The company reported quarterly net income of $493.42 million.
Sonoco Products Co shares had risen by 9.4% this quarter and lost 2.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.
In the last 30 days, five analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the paper packaging peer group is also "buy"
Wall Street's median 12-month price target for Sonoco Products Co is $55.00, about 11.5% above its last closing price of $48.68
This summary was machine generated from LSEG data July 23 at 09:57 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)