A new trading day began on June 22, 2022, with Sonoco Products Company (NYSE: SON) stock priced at $53.31, up 5.02% from the previous day of trading. During the day, the shares moved up to $54.89 and dropped to $52.68 before settling in for the closing price of $52.17. SON’s price has ranged from $51.52 to $67.82 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 3.20%. Meanwhile, its annual earnings per share averaged -141.90%. With a float of $97.03 million, this company’s outstanding shares have now reached $97.92 million.
The extent of productivity of a business whose workforce counts for 20500 workers is very important to gauge. In terms of profitability, gross margin is +18.90, operating margin of +9.18, and the pretax margin is -2.88.
Sonoco Products Company (SON) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Packaging & Containers Industry. The insider ownership of Sonoco Products Company is 0.40%, while institutional ownership is 80.40%. The most recent insider transaction that took place on Apr 25, was worth 104,780. In this transaction VP, CFO of this company sold 1,693 shares at a rate of $61.89, taking the stock ownership to the 54,091 shares. Before that another transaction happened on Feb 15, when Company’s Staff VP,Treasurer bought 2,200 for $56.45, making the entire transaction worth $124,187. This insider now owns 5,761 shares in total.
Sonoco Products Company (SON) Performance Highlights and Predictions
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $1.85 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -1.53 while generating a return on equity of -4.57. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -141.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.79% during the next five years compared to -18.20% drop over the previous five years of trading.
Sonoco Products Company (NYSE: SON) Trading Performance Indicators
Here are Sonoco Products Company’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit 1.27 in the next quarter and is forecasted to reach 5.25 in one year’s time.
Technical Analysis of Sonoco Products Company (SON)
The latest stats from [Sonoco Products Company, SON] show that its last 5-days average volume of 0.77 million was superior to 0.6 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 18.91%. Additionally, its Average True Range was 1.52.
During the past 100 days, Sonoco Products Company’s (SON) raw stochastic average was set at 21.04%, which indicates a significant decrease from 34.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.74% in the past 14 days, which was higher than the 30.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $59.37, while its 200-day Moving Average is $59.33. Now, the first resistance to watch is $55.56. This is followed by the second major resistance level at $56.33. The third major resistance level sits at $57.77. If the price goes on to break the first support level at $53.35, it is likely to go to the next support level at $51.91. Assuming the price breaks the second support level, the third support level stands at $51.14.
Sonoco Products Company (NYSE: SON) Key Stats
With a market capitalization of 5.30 billion, the company has a total of 97,493K Shares Outstanding. Currently, annual sales are 5,590 M while annual income is -85,480 K. The company’s previous quarter sales were 1,771 M while its latest quarter income was 115,330 K.