Sonoco Prods. Set to Report Earnings: What to Expect

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Sonoco Products ($NYSE:SON), a global provider of consumer packaging, industrial products, protective solutions and paper and packaging services, is set to report earnings. Investors will be keen to see how the company has fared in the last quarter and its financial performance for the year so far. Sonoco Products is one of the largest and most diversified manufacturers of consumer and industrial packaging products in the world. The company also offers a range of services, such as design, marketing, logistics and production planning. Sonoco Products is also listed on the New York Stock Exchange (NYSE: SON). When Sonoco Products reports its earnings, investors will be keen to see how the company’s sales and profits have performed in the past quarter. They will also be looking at the company’s balance sheet to gauge its financial health and its cash flow.

Additionally, investors will be interested in the guidance provided by the company for future performance. All of this information will help investors to assess the company’s prospects and make an informed decision about whether or not to invest in its stock.

Earnings

SONOCO PRODUCTS is set to report its earnings for the first quarter of the fiscal year 2023, which ended on March 31 2021. In their latest earning report, SONOCO PRODUCTS earned 1353.3M USD in total revenue, and 72.3M USD in net income. While this is a slight decrease from their previous year’s total revenue of 1729.78M USD, the drop in total revenue is 23.6%, and the drop in net income is 37.3%.

The total revenue of SONOCO PRODUCTS has slowly increased from 1353.3M USD in FY2021 to 1729.78M USD in FY2023. Investors have much to anticipate as SONOCO PRODUCTS is set to report its earnings for Q1 of FY2023.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sonoco Products. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sonoco Products. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sonoco Products. More…

Key Ratios Snapshot

Some of the financial key ratios for Sonoco Products are shown below. More…

Market Price

Monday saw SONOCO PRODUCTS stock open at $59.2 and close at $58.6, representing a 0.4% decrease from the prior closing price of $58.9. Investors are now awaiting the company’s fourth quarter earnings report to see how well they have fared in a challenging economic climate.

However, revenues are expected to remain strong, with some analysts projecting an increase of 2-3%. Investors will also be looking for clues as to how the company is navigating the impacts of the pandemic and how their new strategies and initiatives are influencing the bottom line.

Additionally, shareholders will want to know more about the company’s outlook for 2021 and beyond. Overall, analysts are expecting SONOCO PRODUCTS’ earnings report to be mixed, with some positive news tempered by challenges brought on by the economic uncertainty of the last year. Investors will need to carefully consider these results before making any decisions regarding their investments. Live Quote…

Analysis

As GoodWhale, we have conducted an analysis of SONOCO PRODUCTS‘s financials. According to Star Chart, SONOCO PRODUCTS is strong in dividend, growth, profitability, and medium in asset. Additionally, SONOCO PRODUCTS has a high health score of 8/10 with regard to its cashflows and debt, demonstrating its capability to pay off debt and fund future operations. Based on our review, SONOCO PRODUCTS is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given its strong financials, investors who are looking for a long-term investment that offers high returns may be interested in investing in SONOCO PRODUCTS. Similarly, investors who are looking for a company that offers reliability and stability as well as good returns may also find this company attractive. More…

Peers

The company has operations in 34 countries and serves customers in over 85 countries. Sonoco has been in business for over 100 years and is a publicly traded company on the New York Stock Exchange. The company’s competitors include Huhtamaki India Ltd, Huhtamäki Oyj, and Shanghai Xintonglian Packing Co Ltd.

– Huhtamaki India Ltd ($BSE:509820)

Huthamaki India Ltd is a food packaging company with a market cap of 16.63B as of 2022. The company has a return on equity of 2.38%. Huthamaki India Ltd is a leading manufacturer of food packaging products and solutions. The company provides innovative and sustainable packaging solutions for food and beverage products. Huthamaki India Ltd has a strong presence in the Indian market with a wide range of products. The company has a strong commitment to quality and customer satisfaction.

– Huhtamäki Oyj ($LTS:0K9W)

Huhtamäki Oyj is a Finnish packaging company. It is headquartered in Espoo, Finland and has operations in over 40 countries. The company is listed on the Nasdaq Helsinki stock exchange.

Huhtamäki Oyj has a market cap of 3.7B as of 2022. The company has a Return on Equity of 14.22%. Huhtamäki Oyj is a Finnish packaging company. It is headquartered in Espoo, Finland and has operations in over 40 countries. The company is listed on the Nasdaq Helsinki stock exchange.

– Shanghai Xintonglian Packing Co Ltd ($SHSE:603022)

Shanghai Xintonglian Packing Co Ltd is a company that produces and sells packaging products. It has a market cap of 2.02B as of 2022 and a Return on Equity of 3.94%. The company has a wide range of products that include paper bags, plastic bags, and other packaging materials.

Summary

Sonoco Products is set to report its quarterly earnings results on June 4th. Sonoco’s focus on specialty packaging and its diverse customer base have allowed it to achieve consistent profitability, and the company has delivered consistent earnings growth over the past five years. Investors should watch for potential upside in the stock price if the company beats estimates and shows continued growth in its operational and financial metrics.