Investors interested in stocks from the Containers - Paper and Packaging sector have probably already heard of Sonoco (SON) and AptarGroup (ATR). 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.
SON initiates a review of the TFP business to drive higher returns with a leaner portfolio.
Sonoco's (SON) Q2 top line reflects the impacts of the divestiture of Protective Solutions and the thermoformed food packaging plant closure.
Sonoco Products Company (NYSE:SON ) Q2 2024 Results Conference Call August 1, 2024 9:30 AM ET Company Participants Lisa Weeks - VP of Investor Relations & Corporate Affairs Howard Coker - President, CEO & Director Rob Dillard - Chief Financial Officer Rodger Fuller - Chief Operating Officer Conference Call Participants Matt Roberts - Raymond James George Staphos - BofA Ghansham Panjabi - Baird Mark Weintraub - Seaport Research Partners Gregory Andreopoulos - Citi Operator Good day, and thank you for standing by. Welcome to the Q2 2024 Sonoco Earnings Conference Call.
Sonoco (SON) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.38 per share a year ago.
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.
Sonoco Products Company's shares have come under pressure after a big acquisition, as a poor share price reaction prices-in a lot of bad news. The company has a long heritage, being founded in 1899, and has a great long-term dividend track record. The recently announced acquisition of Eviosys is expected to drive immediate earnings accretion and synergies, but leverage ratios are a concern.
The market is focusing solely on the potential negatives of the Eviosys acquisition while ignoring the accretive earnings forecast. Sonoco's investments in automation and operational efficiency underpin the plan for increasing EBITDA margins. Institutional buyers have stepped in over the last two weeks, possibly helping to put a floor in the share price.
Sonoco (SON) is set to acquire Eviosys to augment its metal packaging business.
Sonoco Products said on Monday it would buy European food cans maker Eviosys from private equity group KPS Capital Partners in a $3.9 billion deal, to expand its metal and aerosol packaging business.
Sonoco Products Co. SON, -1.52% said Monday it agreed to pay $3.9 billion to KPS Capital Partners LP to buy Eviosys, a 6,300-employee food can and closure maker based in Europe. Sonoco said the transaction will make it the “leading metal food can and aerosol packaging manufacturer globally.