Sonoco (SON) Declares $0.39 Quarterly Dividend; 3.1% Yield

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Sonoco Products (SON) PT Lowered to $51 at Vertical Research Partners on 4Q Report; ''Tax Benefit Smaller than Expected, but Volume Growth Remains on Track'

February 16, 2018 10:38 AM EST

Vertical Research Partners lowered its price target on Sonoco Products (NYSE: SON) to $51.00 (from $52.00) while maintaining a Hold rating, following the company's fourth quarter earnings report.

Analyst Chip Dillon notes a cautious outlook on the shares, as SON reported fourth quarter fourth quarter earnings... More

Sonoco (SON) Misses Q4 EPS by 1c, Beats on Revenues; Boosts FY18 EPS Mid-Point Guidance Above Consensus

February 15, 2018 6:53 AM EST

Note: EPS may not be comparable

Sonoco (NYSE: SON) reported Q4 EPS of $0.72, $0.01 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.27 billion.

Fourth Quarter and Full-Year Highlights

Fourth-quarter 2017 GAAP earnings per diluted share were $0.06, compared with $1.04 in 2016; 2017 results include net after-tax charges of $0.67 per share mostly due to the impact of the 2017 U.S. Tax Cuts and Jobs Act as well as restructuring expenses, acquisition costs and other one-time items. Prior-year results included a net after-tax gain of $0.42 per diluted share... More