Coker R. Howard purchased $249K of SON

UBS reduced its price target for Sonoco Products (NYSE:SON) to $50 from $51, citing weak food can demand and inflation pressures. The stock trades at $49.31, with a Fair Value of $61.84 according to InvestingPro. Sonoco reported Q3 earnings of $1.67 per share on $2.04 billion revenue, missing estimates. The company lowered its full-year outlook, attributing challenges to inflation and volume declines. Truist Securities also cut its target to $59 but maintained a Buy rating.

Sonoco reported Q3 2026 net sales of $2.0B, flat excluding divestitures. GAAP net loss was $(732)M, or $(7.36) per share, due to a goodwill impairment charge. Adjusted net income was $167M, or $1.67 per share. The company cited external challenges like drought and inflation but highlighted strong cash flow and debt reduction. Sonoco expects continued industrial segment strength and improved consumer segment performance in Q4.

Sonoco reported Q3 2026 net sales of $2.04B, down 4.2% YoY, with a net loss of $732M. Consumer packaging sales fell 2.9% to $1.4B, while industrial packaging rose 5.2% to $646M. CEO Howard Coker cited cost inflation and volume challenges, including higher freight and raw material costs. The company expects flat consumer volumes and slight industrial growth in Q4.

Truist Securities reduced its price target for Sonoco Products (SON) to $59 from $62, citing weaker-than-expected Q3 earnings of $1.67 per share, missing estimates. The company attributed the shortfall to inflation and lower volumes, and lowered its 2026 EPS and EBITDA guidance. Sonoco maintains a 4.3% dividend yield and has raised its dividend for 44 consecutive years, according to InvestingPro data.

Sonoco Products reported Q3 earnings, noting Industrial price increases totaling $110 per ton in 2026. Consumer segment sales declined 3% YoY due to weather impacts. Consumer EBITDA fell 9%, but some areas showed growth. The company expects flat consumer volumes and slight Industrial growth in Q4. Sonoco is targeting $150M-$200M in savings through 2028. Updated 2026 outlook: net sales $7.2B-$7.4B, adjusted EBITDA $1.2B-$1.25B, adjusted EPS $5.30-$5.50, and operating cash flow $600M-$650M.

Sonoco Products Co (SON) reported Q3 2026 earnings with mixed results. Industrial segment grew 10% YoY, while consumer packaging declined 3% YoY. Adjusted EBITDA and EPS fell 9% and 13% YoY, respectively. Input cost inflation and a $829M goodwill impairment impacted margins. Full-year guidance was lowered. The company generated $285M in operating cash flow and reduced debt by $162M.