On Tuesday, Sonoco Products Co. (NYSE: SON) was -1.99% drop from the session before settling in for the closing price of $50.31. A 52-week range for SON has been $49.98 – $61.73.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 5.39%. When this article was written, the company’s average yearly earnings per share was at -4.62%. With a float of $97.30 million, this company’s outstanding shares have now reached $97.96 million.
Considering the fact that the conglomerate employs 23000 people, you should pay attention to its efficiency factor.
Sonoco Products Co. (SON) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Sonoco Products Co. stocks. The insider ownership of Sonoco Products Co. is 0.97%, while institutional ownership is 79.68%. The most recent insider transaction that took place on Mar 06 ’24, was worth 30,630. In this transaction VP Paper&Ind Converted Prod of this company sold 537 shares at a rate of $57.04, taking the stock ownership to the 28,273 shares. Before that another transaction happened on Feb 28 ’24, when Company’s Pres Global Flexible Packaging sold 2,039 for $56.06, making the entire transaction worth $114,306. This insider now owns 11,988 shares in total.
Sonoco Products Co. (SON) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 3/31/2024, it has been observed that the corporation posted 1.38 earnings per share (EPS) during the time that was less than consensus figure (set at 1.48) by -0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.41% during the next five years compared to 9.12% growth over the previous five years of trading.
Sonoco Products Co. (NYSE: SON) Trading Performance Indicators
You can see what Sonoco Products Co. (SON) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.83. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.73. Likewise, its price to free cash flow for the trailing twelve months is 8.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.96, a number that is poised to hit 1.26 in the next quarter and is forecasted to reach 5.43 in one year’s time.
Technical Analysis of Sonoco Products Co. (SON)
Compared to the last year’s volume of 0.55 million, its volume of 0.92 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 3.02%. Additionally, its Average True Range was 1.27.
During the past 100 days, Sonoco Products Co.’s (SON) raw stochastic average was set at 1.66%, which indicates a significant decrease from 2.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.88% in the past 14 days, which was lower than the 19.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.65, while its 200-day Moving Average is $56.18. Nevertheless, the first resistance level for the watch stands at $50.10 in the near term. At $50.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $51.38. If the price goes on to break the first support level at $48.81, it is likely to go to the next support level at $48.31. Now, if the price goes above the second support level, the third support stands at $47.53.
Sonoco Products Co. (NYSE: SON) Key Stats
There are 98,256K outstanding shares of the company, which has a market capitalization of 4.85 billion. As of now, sales total 6,781 M while income totals 474,960 K. Its latest quarter income was 1,638 M while its last quarter net income were 65,180 K.
