Earnings Preview: Sonoco Products Company (SON) Quarterly Results

Sonoco Products Company (SON) is due to report earnings before the opening bell on October 18, 2011.


Sonoco Products Company provides industrial and consumer packaging products, and packaging services in North and South America, Europe, Australia, and Asia. The company was founded in 1899 and is based in Hartsville, South Carolina. You may read my other articles by clicking HERE.

52 Week High: $36.95
52 Week Low: $26.10
Book Value: $15.90
Float Short: 3.37%

Analysts are expecting an improvement of $0.04 in earnings per share compared to last quarter’s results of $0.6. The estimated mean earnings are $0.64 per share. Analyst estimates range between $0.57 and $0.66 per share.

The P/E ratio has come down, as the current trailing twelve months (ttm) P/E ratio is 15.3, while the forward P/E ratio is now 12.4. It will be interesting to see if pricing is currently at a discount, or if the market has been correct to price in lower growth expectations.
The stock has fallen in price -3.94%, with a one year change of -11.53%.
Compared to the S&P 500, the year to date difference is -5.75%.

For the same fiscal period year-over-year, revenue has improved to $4.12 billion for 2010 vs. $3.60 billion for 2009. The bottom line has rising earnings year-over-year of $201.05 million for 2010 vs. $151.48 million for 2009. The company’s earnings before income and taxes are rising with an EBIT year-over-year of $338.18 million for 2010 vs. $252.79 million for 2009.

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the “confirmed” symbols from earnings.com that I believe to be of the most interest.

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