Latest news for Sonoco Prods (NYSE:SON) Stock

Sonoco Prods

Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 40 years.

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Wall Street&#39;s Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

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Texas Instruments To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Wednesday

Sonoco Products Co

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Music Licensing Inc

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SONOVA HOLDING AG ORD by Sonova Holding AG

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3 class="wp-block-heading">Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>)</h3>
<ul>
<li>Dividend Yield: 6.63%</li>
<li>Loop Capital analyst Chris Kapsch upgraded the stock from Hold to Buy and cut the price target from $26 to $23 on April 26. This analyst has an accuracy rate of 67%.</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $24 to $21 on Feb. 9. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On Aug. 16, Compass Minerals received notice of filing delinquency from the NYSE.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1">latest CMP news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085202/image-281.png" alt="" class="wp-image-518313" style="width:754px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085202/image-281.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085202/image-281-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085202/image-281-768x709.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">The Chemours Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>)</h3>
<ul>
<li>Dividend Yield: 5.16%</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $25 to $18 on Aug. 6. This analyst has an accuracy rate of 71%.</li>
<li>BMO Capital analyst John McNulty maintained an Outperform rating and slashed the price target from $35 to $30 on Aug. 6. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Aug. 1, Chemours reported mixed second-quarter financial results and issued weak third-quarter net sales guidance.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1">trend in CC stock.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="915" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085242/image-282.png" alt="" class="wp-image-518318" style="width:741px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085242/image-282.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085242/image-282-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085242/image-282-768x702.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
<h3 class="wp-block-heading">Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>)</h3>
<ul>
<li>Dividend Yield: 3.86%</li>
<li>Wells Fargo analyst Gabe Hajde downgraded the stock from Equal-Weight to Underweight and cut the price target from $54 to $52 on Aug. 21. This analyst has an accuracy rate of 78%.</li>
<li>Raymond James analyst Matt Roberts initiated coverage on the stock with an Outperform rating and a price target of $62 on July 19. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On July 31, Sonoco Prods posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1">breakout in SON shares.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="793" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085738/image-283.png" alt="" class="wp-image-518340" style="width:586px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085738/image-283.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085738/image-283-300x265.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28085738/image-283-768x679.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
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Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

During the last three months, 5 analysts shared their evaluations of Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $56.6, a high estimate of $62.00, and a low estimate of $52.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.57%. 
<img src="https://www.benzinga.com/files/images/story/2024/1724266833_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Sonoco Prods among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$52.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$54.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Matt Roberts</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$60.00</td>
<td>$64.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Sonoco Prods. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sonoco Prods compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Sonoco Prods's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Sonoco Prods's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SON/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sonoco Prods analyst ratings.</a>
<h2>Discovering Sonoco Prods: A Closer Look</h2>
Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 40 years.
<h3>Key Indicators: Sonoco Prods's Financial Health</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Sonoco Prods's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -4.8%. This indicates a decrease in top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 5.59%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Sonoco Prods's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.74%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.27%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.35.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 5 Analyst Recommendations For Sonoco Prods

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5b3249a8d1c31b00019b9fb4/gabe-hajde">Wells Fargo analyst Gabe Hajde</a> downgraded the rating for Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) from Equal-Weight to Underweight and lowered the price target from $54 to $52. Sonoco shares fell 0.5% to close at $50.57 on Tuesday. <a href="https://www.benzinga.com/quote/SON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B. Riley Securities analyst Jeff Van Sinderen downgraded Iteris, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITI#NASDAQ">ITI</a>) from Buy to Neutral and slashed the price target from $8 to $7.2. Iteris shares gained 0.4% to close at $7.06 on Tuesday. S<a href="https://www.benzinga.com/quote/ITI/analyst-ratings">ee how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5910a1d1290fa70001bee784/kenneth-bruce">B of A Securities analyst Kenneth Bruce</a> downgraded American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) from Buy to Neutral and maintained the price target of $263. American Express shares fell 0.4% to close at $253.08 on Tuesday. <a href="https://www.benzinga.com/quote/AXP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities analyst Michael Ciarmoli downgraded the rating for Triumph Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) from Buy to Hold, while cutting the price target from $17 to $15. Triumph shares fell 1.9% to settle at $13.41 on Tuesday. <a href="https://www.benzinga.com/quote/TGI/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ac8cd8b85e930001f970ac/boris-peaker">TD Cowen analyst Boris Peaker </a>downgraded the rating for Aadi Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AADI#NASDAQ">AADI</a>) from Buy to Hold. Aadi Bioscience shares gained 3.9% to close at $1.62 on Tuesday. <a href="https://www.benzinga.com/quote/AADI/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Considering buying AXP stock? Here&#8217;s what analysts think: 
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Jefferies raised the price target for BrightView Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) from $13 to $17. Jefferies analyst Stephanie Moore upgraded the stock from Hold to Buy. BrightView shares fell 2.9% to close at $14.54 on Tuesday. <a href="https://www.benzinga.com/quote/BV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo cut the price target for Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) from $54 to $52. Wells Fargo analyst Gabe Hajde downgraded the stock from Equal-Weight to Underweight. Sonoco shares fell 0.5% to close at $50.57 on Tuesday. <a href="https://www.benzinga.com/quote/SON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) price target from $200 to $235. Citigroup analyst Christopher Danely upgraded the stock from Neutral to Buy. Texas Instruments shares gained 0.9% to close at $202.54 on Tuesday. <a href="https://www.benzinga.com/quote/TXN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) from $82 to $90. Baird analyst David Rescott maintained a Neutral rating. Medtronic shares gained 0.7% to close at $85.38 on Tuesday. <a href="https://www.benzinga.com/quote/MDT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) price target from $98 to $100. Morgan Stanley analyst Andrew Percoco maintained an Equal-Weight rating. Enphase Energy shares fell 2.3% to close at $116.98 on Tuesday. <a href="https://www.benzinga.com/quote/ENPH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities slashed Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $75 to $65. B of A Securities analyst David Barden downgraded the stock from Neutral to Underperform. Cogent Communications shares fell 1.4% to close at $74.73 on Tuesday. <a href="https://www.benzinga.com/quote/CCOI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho increased the price target for Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) from $44 to $47. Mizuho analyst John Roberts upgraded the stock from Neutral to Outperform. Corning shares gained 0.3% to close at $40.73 on Tuesday. <a href="https://www.benzinga.com/quote/GLW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>CLSA cut Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) price target from $15.8 to $12. CLSA analyst Leo You downgraded the stock from Outperform to Hold. Vipshop shares dipped 17.6% to close at $11.56 on Tuesday. <a href="https://www.benzinga.com/quote/VIPS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James boosted Agree Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) price target from $70 to $81. Raymond James analyst RJ Milligan maintained a Strong Buy rating. Agree Realty shares fell 0.2% to close at $72.17 on Tuesday. <a href="https://www.benzinga.com/quote/ADC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Maxim Group slashed Dermata Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRMA#NASDAQ">DRMA</a>) price target from $10 to $6. Maxim Group analyst Anthony Vendetti maintained a Buy rating. Dermata Therapeutics shares fell 6.1% to close at $2.02 on Tuesday. <a href="https://www.benzinga.com/quote/DRMA/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Wells Fargo analyst Gabe Hajde downgrades Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) from Equal-Weight to Underweight and lowers the price target from $54 to $52.

Wells Fargo Downgrades Sonoco Prods to Underweight, Lowers Price Target to $52

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout.</a> 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3 class="wp-block-heading">Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>)</h3>
<ul>
<li>Dividend Yield: 6.19%</li>
<li>Loop Capital analyst Chris Kapsch upgraded the stock from Hold to Buy and cut the price target from $26 to $23 on April 26. This analyst has an accuracy rate of 67%.</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $24 to $21 on Feb. 9. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On June 7, Compass Minerals named Jeffrey Cathey as its CFO.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"> latest CMP news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="885" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074646/image-112.png" alt="" class="wp-image-496593" style="width:583px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074646/image-112.png 885w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074646/image-112-300x287.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074646/image-112-768x735.png 768w" sizes="(max-width: 885px) 100vw, 885px" /></a></figure>
<h3 class="wp-block-heading">Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>)</h3>
<ul>
<li>Dividend Yield: 5.31%</li>
<li>Mizuho analyst John Roberts maintained a Neutral rating and cut the price target from $62 to $60 on July 26. This analyst has an accuracy rate of 77%.</li>
<li>Wells Fargo analyst Michael Sison maintained an Overweight rating and slashed the price target from $65 to $62 on July 26. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Aug. 14, Dow declared a quarterly dividend of 70 cents per share.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1">trend in DOW stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074721/image-113.png" alt="" class="wp-image-496596" style="width:575px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074721/image-113.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074721/image-113-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074721/image-113-768x703.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<h3 class="wp-block-heading">Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>)</h3>
<ul>
<li>Dividend Yield: 4.18%</li>
<li>Wells Fargo analyst Gabe Hajde maintained an Equal-Weight rating and cut the price target from $55 to $54 on Aug. 2. This analyst has an accuracy rate of 76%.</li>
<li>Citigroup analyst Anthony Pettinari maintained a Buy rating and slashed the price target from $64 to $60 on July 8. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On July 31, Sonoco Prods posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1">breakout in SON shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="891" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074804/image-114.png" alt="" class="wp-image-496600" style="width:500px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074804/image-114.png 891w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074804/image-114-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15074804/image-114-768x721.png 768w" sizes="(max-width: 891px) 100vw, 891px" /></a></figure>
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Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks With Over 4% Dividend Yields

Wells Fargo analyst Gabe Hajde maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Equal-Weight and lowers the price target from $55 to $54.

Wells Fargo Maintains Equal-Weight on Sonoco Prods, Lowers Price Target to $54

Guidance

Sonoco Sees Q3 Adj. EPS $1.40-$1.60 vs $1.43 Est., FY24 Adj. EPS $5.00-$5.30 vs $5.08 Est.

Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.24 by 3.23 percent. The company reported quarterly sales of $1.623 billion which missed the analyst consensus estimate of $1.689 billion by 3.89 percent. This is a 4.81 percent decrease over sales of $1.705 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Sonoco Prods Q2 2024 Adj. EPS $1.28 Beats $1.24 Estimate, Sales $1.623B Miss $1.689B Estimate

Today,&nbsp;Paired Power, a leading U.S. solar microgrid electric vehicle charger manufacturer announces its installation of its PairTree EV charger for Sonoco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>), a leading global manufacturer of consumer, industrial, health care and protective packaging.

Sonoco Products Says Paired Power Installs Resilient Off-grid Solar Electric Vehicle Charger For Sonoco In South Carolina

In the latest quarter, 4 analysts provided ratings for Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>), showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Sonoco Prods and provided 12-month price targets. The average target is $58.5, accompanied by a high estimate of $62.00 and a low estimate of $55.00. A decline of 0.85% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1721390430_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Sonoco Prods among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matt Roberts</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$60.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$57.00</td>
<td>$56.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Sonoco Prods. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sonoco Prods compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Sonoco Prods's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Sonoco Prods's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SON/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sonoco Prods analyst ratings.</a>
<h2>Get to Know Sonoco Prods Better</h2>
Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 40 years.
<h3>Sonoco Prods: A Financial Overview</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Sonoco Prods's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -5.33%. This indicates a decrease in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Sonoco Prods's net margin is impressive, surpassing industry averages. With a net margin of 3.98%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Sonoco Prods's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.69%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Sonoco Prods's ROA excels beyond industry benchmarks, reaching 0.91%. This signifies efficient management of assets and strong financial health.
Debt Management: Sonoco Prods's debt-to-equity ratio is below the industry average at 1.39, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Sonoco Prods: 4 Analysts Share Their Views

Raymond James analyst Matt Roberts initiates coverage on Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Outperform rating and announces Price Target of $62.

Initiation

Raymond James Initiates Coverage On Sonoco Prods with Outperform Rating, Announces Price Target of $62

Wells Fargo analyst Gabe Hajde maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Equal-Weight and lowers the price target from $57 to $55.

Wells Fargo Maintains Equal-Weight on Sonoco Prods, Lowers Price Target to $55

Citigroup analyst Anthony Pettinari maintains Sonoco Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) with a Buy and lowers the price target from $64 to $60.

Citigroup Maintains Buy on Sonoco Prods, Lowers Price Target to $60

Sonoco Products Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>) shares are trading lower after the company inked an agreement to buy Eviosys for around <a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/g39451366/sonoco-to-acquire-eviosys-creating-the-worlds-leading-metal-food-can-and-aerosol-packaging-platfor" rel="noreferrer noopener">EUR3.615 billion ($3.9 billion) on a cash-free, debt-free basis</a>.
Eviosys manufactures metal packaging, including food cans, ends, aerosol cans, metal closures, and promotional packaging, with the largest footprint in metal food can production across 44 facilities in 17 countries and employing about 6,300 people.
The transaction is expected to support Sonoco&#8217;s strategy to focus and expand its core operations while seizing profitable opportunities through organic growth and strategic acquisitions.
Sonoco plans to maintain its investment-grade credit rating by financing the transaction with new debt and up to $500 million from equity issuance, including a $200 million investment from KPS.
The proceeds from divestitures and operational cash flow will help Sonoco reduce net leverage to below 3.0x within 24 months.
The Boards of Directors of both companies have unanimously approved the transaction, which is expected to close by the end of 2024, pending regulatory approvals.
Post-deal closure, the company is projected to be a prominent player globally in manufacturing metal food cans and aerosol packaging.
Synergies: Sonoco expects to achieve over $100 million in synergies from integrating Eviosys with its metal can business.
Sonoco projects Eviosys to achieve around $2.5 billion in revenue and approximately $430 million in adjusted EBITDA for 2024, highlighting significant commercial and operational momentum with a nearly 50% <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">increase in EBITDA since 2021</a>.
Sonoco expects the transaction to immediately increase adjusted EPS and project over a 25% increase for 2025.
Eviosys generates strong operating cash flow, and post-acquisition, Sonoco anticipates a nearly 40% growth in EBITDA minus capital expenditures by 2025.
The acquisition is expected to deliver a return on invested capital exceeding Sonoco&#8217;s cost of capital from year one.
By merging Eviosys&#8217;s dominant presence in EMEA with Sonoco&#8217;s established footprint in the U.S., Sonoco expands its global market potential in metal packaging to approximately $25 billion.
Howard Coker, President and Chief Executive Officer of Sonoco said, &#8220;The acquisition of Eviosys establishes our global leadership in metal food can and aerosol packaging, marking an exciting milestone in our strategy to scale our core strategic metal packaging platform and position Sonoco for long-term value creation.&#8221;
Also, Sonoco plans to divest ThermoSafe, its top temperature-assured packaging business, along with other assets, aiming to generate at least $1 billion in proceeds over the next twelve to eighteen months.
As of March&nbsp;31, 2024, Sonoco&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38533123/sonoco-reports-first-quarter-2024-results" rel="noreferrer noopener">cash and cash equivalents were $172 million</a>.
Investors can gain exposure to the stock via Roundhill ETF Trust Roundhill S&amp;P Dividend Monarchs ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNGS#NYSE">KNGS</a>) and ProShares S&amp;P MidCap 400 Dividend Aristocrats ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/REGL#BATS">REGL</a>).
Price Action: SON shares are down 1.108% at $54.99 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image sourced from Shutterstock

Equities

Mid Cap

Movers

KNGS

REGL

Sonoco Spends Big: Shakes Up Metal Packaging with $3.9B Eviosys Deal

Sonoco Products Company (&quot;Sonoco&quot; or the &quot;Company&quot;) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SON#NYSE">SON</a>), a global leader in high-value sustainable packaging, today announced it has entered into an agreement to acquire Eviosys, Europe&#39;s leading food cans, ends and closures manufacturer, from KPS Capital Partners, LP (&quot;KPS&quot;) for approximately&nbsp;$3.9 billion&nbsp;(the &quot;Transaction&quot;).
The Transaction accelerates Sonoco&#39;s strategy to focus on and scale its core businesses and invest in high return opportunities, both organically and inorganically. Following the Transaction, Sonoco will be the leading metal food can and aerosol packaging manufacturer globally. Both Sonoco&#39;s metal business and Eviosys have meaningful commercial momentum and the Transaction facilitates Sonoco&#39;s ability to partner with customers and lead with innovation and sustainability.
Eviosys is a leading global supplier of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging to preserve the products of hundreds of consumer brands. Eviosys has the largest metal food can manufacturing footprint in the EMEA region, with approximately 6,300 employees in 44 manufacturing facilities across 17 countries. Sonoco estimates Eviosys&#39;s 2024 revenues will be approximately&nbsp;$2.5 billion&nbsp;and its 2024 adjusted EBITDA will be approximately&nbsp;$430 million. Eviosys has meaningful commercial and operational momentum and has increased EBITDA by approximately&nbsp;50%&nbsp;since 2021.
Sonoco expects to achieve over&nbsp;$100 million&nbsp;of synergies from the integration of Eviosys with Sonoco&#39;s complementary metal can business. Rodger Fuller, Sonoco&#39;s Chief Operating Officer, will lead the integration with a focus on customer and supplier relationships, employee continuity, operational excellence, and synergy realization, while combining the best of Sonoco&#39;s culture with the rich history and heritage of Eviosys.

Sonoco to Acquire Eviosys for $3.9B from KPS Capital Partners

This is&nbsp;effective with shipments in the United States and Canada, on or after July 10th, 2024. This includes tubes, cores, cones and protective packaging.

Sonoco To Raise Price For All Converted Paperboard Products By Minimum Of 6%

Greif, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gef#NYSE">GEF</a>) reported adjusted earnings per share of 82 cents in second-quarter fiscal 2024 (ended Apr 30, 2024), which surpassed the Zacks Consensus Estimate of 77 cents. The bottom line fell 54% year over year. Results were impacted by elevated raw material, transportation and manufacturing costs, and higher SG&amp;A expenses, reflecting increased compensation expenses and costs incurred for strategic investments. 
Including one-time items, EPS was 77 cents in the quarter compared with $1.90 in the prior-year quarter.
<h3>Operational Update</h3>
Sales rose 4.1% year over year to $1.37 billion. The top line surpassed the Zacks Consensus Estimate of $1.31 billion. 
The cost of sales rose 10.4% year over year to $1.1 billion. Gross profit amounted to $270 million, down 13.4% from the prior-year quarter. The gross margin came in at 19.7% compared with the prior-year quarter&#39;s 23.8%. 
Selling, general and administrative (SG&amp;A) expenses were $167 million, up 21.9% year over year. Adjusted EBITDA decreased 25.7% year over year to $170 million in the fiscal second quarter.
<div class="chart_embed">
<h3>Greif, Inc. Price, Consensus and EPS Surprise</h3>
<h3><a href="https://www.zacks.com/stock/chart/GEF/price-consensus-eps-surprise-chart?icid=chart-GEF-price-consensus-eps-surprise-chart"><img alt="Greif, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b7/1717677675.png" style="height:285px; width:620px" title="" /> </a></h3>
Greif, Inc. price-consensus-eps-surprise-chart | Greif, Inc. Quote
</div>
<h3>Segmental Performance</h3>
Sales in the Global Industrial Packaging segment rose 7.6% year over year to $805 million. Our model projected revenues of $748 million for the quarter. The segment&#39;s adjusted EBITDA amounted to $118 million compared with the year-ago quarter&#39;s $121 million. 
The Paper Packaging segment&#39;s sales increased 1.1% year over year to $561 million in the fiscal second quarter. The figure surpassed our estimated sales of $548 million. The segment&#39;s adjusted EBITDA fell to $49 million from the prior-year quarter&#39;s $105 million. 
The Land Management segment&#39;s sales totaled $5.4 million in the reported quarter compared with $5.9 million in the year-ago quarter. We projected the segment&#39;s sales to be $5.7 million in the quarter. Adjusted EBITDA was $2.6 million compared with the year-earlier quarter&#39;s $2.5 million.
<h3>Financial Position</h3>
Greif reported cash and cash equivalents of $196 million at the end of second-quarter fiscal 2024 compared with $181 million at the end of fiscal 2023. Cash flow from operating activities totaled $88 million in the quarter under review compared with $211 million in the prior-year quarter. 
Long-term debt amounted to $2.78 billion as of Apr 30, 2024, compared with $2.12 billion as of Oct 31, 2023. 
On Jun 3, Greif&#39;s board announced a quarterly cash dividend of 52 cents per share of Class A Common Stock and 78 cents per share of Class B Common Stock. The dividends will be paid out on Jul 1 to shareholders of record at the close of business as of Jun 1, 2024.
<h3>Outlook</h3>
Greif expects fiscal 2024 adjusted EBITDA between $675 million and $725 million, up from the prior announced $610 million. The adjusted free cash flow is anticipated between $175 million and $225 million.
<h3>Price Performance</h3>
GEF shares have gained 1.2% in the past year compared with the industry&#39;s growth of 14.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/80/68313.jpg?v=410093733" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Greif currently carries a Zacks Rank #3 (Hold).
<h3>Performances of Other Packaging Stocks</h3>
AptarGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atr#NYSE">ATR</a>) reported a first-quarter 2024 (ended Mar 31, 2024) adjusted EPS of $1.26, beating the Zacks Consensus Estimate of $1.13. The bottom line increased 31% from 95 cents (including comparable exchange rates) per share in the year-ago quarter, aided by strong sales growth in the Pharma business, and a continued margin expansion in the Beauty and Closures businesses. 
AptarGroup&#39;s total revenues increased 6.4% year over year to $915 million, surpassing the Zacks Consensus Estimate of $897 million. Core sales, excluding currency and acquisition effects, improved 5% year over year. 
Sonoco Products Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/son#NYSE">SON</a>) reported an adjusted EPS of $1.12 in the first quarter of 2024 (ended Mar 31, 2024), beating the Zacks Consensus Estimate of $1.08. The bottom line fell 20% from the prior-year quarter as gains from improved productivity were offset by price/cost pressures and lower volumes. 
Sonoco&#39;s net sales were $1.64 billion, which lagged the consensus estimate of $1.69 billion. The top line declined 5.3% year over year on lower volumes and pricing, somewhat offset by acquisitions. 
Packaging Corporation of America (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pkg#NYSE">PKG</a>) reported an adjusted EPS of $1.72 in the first quarter of 2024 (ended Mar 31, 2024), beating the Zacks Consensus Estimate of $1.63. The bottom line dipped 22% year over year mainly due to lower prices, and a mix in the Packaging and Paper segments. These were partially offset by higher volumes in the Packaging and Paper segments. 
PKG&#39;s sales in the quarter rose 0.2% year over year to $1.98 billion. The top line surpassed the Zacks Consensus Estimate of $1.91 billion.
<a href="https://www.zacks.com/stock/news/2284739/greif-gef-q2-earnings-beat-estimates-sales-increase-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2284739">To read this article on Zacks.com click here.</a>

Greif Q2 Earnings Beat Estimates, Sales Increase Y/Y

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