Sonoco Products (SON) has a market cap of $5.1 billion. It fell by 0.04% to close at $50.94 per share on July 20, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.1%, 5.7%, and 26.7%, respectively, on the same day.
SON is trading 2.8% above its 20-day moving average, 5.8% above its 50-day moving average, and 16.1% above its 200-day moving average.
Related ETF and peers
The PowerShares S&P Mid-Cap Low Volatility ETF (XMLV) invests 1.3% of its holdings in Sonoco. The ETF tracks a volatility-weighted index of the 80 least volatile S&P Mid-Cap 400 companies. The YTD price movement of XMLV was 16.0% on July 20, 2016.
The market caps of Sonoco Products’ competitors are as follows:
Sonoco declared dividend
Sonoco Products has declared a quarterly dividend of $0.37 per share on its common stock. The dividend will be paid on September 9, 2016, to shareholders of record as of August 12, 2016.
Performance of Sonoco Products in fiscal 1Q16
Sonoco Products reported fiscal 1Q16 net sales of $1.23 billion, a rise of 1.7% compared to net sales of $1.2 billion in fiscal 1Q15. Sales for the consumer packaging, paper and industrial converted products, and protective solutions segments rose by 1.4%, 0.19%, and 11.4%, respectively. Sales for the display and packaging segment fell by 1.0% in fiscal 1Q16 compared to fiscal 1Q15.
Its net income and EPS (earnings per share) fell to $59.9 million and $0.59, respectively, in fiscal 1Q16. That compares to $85.8 million and $0.84, respectively, in fiscal 1Q15.
SON’s cash and cash equivalents fell by 16.5%, and its inventories rose by 4.4% in fiscal 1Q16 compared to fiscal 4Q15. Its current ratio rose to 1.44x, and its debt-to-equity ratio fell to 1.55x in fiscal 1Q16. That compares to a current ratio and debt-to-equity ratio of 1.42x and 1.62x, respectively, in fiscal 4Q15.
The company has made the following projection for fiscal 2Q16:
- EPS of $0.65–$0.70
The company has made the following projections for fiscal 2016:
- EPS of $2.64–$2.74
- effective tax rate of 32%
- free cash flow of ~$140 million
Now we’ll take a look at Johnson Controls.