Sonoco Products forecasts Q4 2024 EPS between $1.15 and $1.35, below consensus estimate.

Sonoco Products has projected its fourth-quarter 2024 earnings per share (EPS) guidance between $1.15 and $1.35, slightly below the consensus estimate of $1.20. For the full year, it raised its EPS outlook to 5.050-5.250. In Q3, Sonoco reported an EPS of $1.49, beating expectations. Despite this, shares fell to $51.14. The company, with a market cap of $5.02 billion, also declared a quarterly dividend of $0.52 per share.

November 04, 2024
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