Sonoco Products Company (NYSE:SON ) Q4 2024 Earnings Conference Call February 19, 2024 8:30 AM ET Company Participants Roger Schrum - Interim Head, Investor Relations and Communications Howard Coker - President and CEO Jerry Cheatham - Interim CFO Rodger Fuller - COO Conference Call Participants George Staphos - Bank of America Bryan Burgmeier - Citi Matt Roberts - Raymond James Mark Weintraub - Seaport Research Partners Mike Roxland - Truist Securities Richard Carlson - Wells Fargo Operator Thank you for standing by, and welcome to the Sonoco Fourth Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Sonoco (SON) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.02 per share a year ago.
Investors looking for stocks in the Containers - Paper and Packaging sector might want to consider either Sonoco (SON) or Graphic Packaging (GPK). But which of these two stocks is more attractive to value investors?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Sonoco (SON) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors interested in Containers - Paper and Packaging stocks are likely familiar with Sonoco (SON) and Packaging Corp. (PKG). But which of these two stocks presents investors with the better value opportunity right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
SON inks sell agreement of its TFP Business for $1.8 billion to focus on core businesses and lower debt levels.
SON closes the previously announced acquisition of Eviosys, which will now operate under its Consumer Packaging segment.
Sonoco Products' shares have underperformed, declining 8% over the past year, but recent strategic moves and cost reductions make it a buy opportunity. SON is acquiring Eviosys and divesting smaller units, aiming to improve its product mix and capitalize on sustainability trends. Sonoco's productivity gains and favorable demand trends in paper packaging support a positive outlook, with expected EPS growth and a secure 4% dividend yield.
Shares of Sonoco Products Co SON have climbed more than 6% over the past five trading sessions.
SON Q3 top line reflects the impacts of the Protective Solutions divestiture and the thermoformed food packaging plant closure.