For its third fiscal quarter (ending September 30), Sonoco Products Co (NYSE: SON) has reported a -62% decline in E.P.S. from $1.33 a year ago to $0.51 in the current quarter. E.P.S. were $2.91 for the latest four quarters through September 30 versus $5.00 for the same period a year ago — a decline of -42%.
Recent Price Action
On 10/31/24, Sonoco Products Co (NYSE: SON) stock rose slightly by 0.10%, closing at $52.52. Moreover, this advance was accompanied by above average trading volume at 131% of normal. Relative to the market the stock has been weak over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SON is expected to continue to be a major Value Builder.
Sonoco Products has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Sonoco Products has a slightly positive Appreciation Score of 62 and a neutral Power Rating of 43, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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