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Stock Market & Financial Investment News

News Breaks
January 9, 2013
07:19 EDTSONSonoco Products downgraded to Underweight from Neutral at JPMorgan
JPMorand is more cautious on Sonoco's emerging market and plastics strategies and its ability to achieve above cost returns near-term. Price target lowered to $32 from $34.
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April 17, 2014
09:43 EDTSONSonoco Products management to meet with Oppenheimer
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07:36 EDTSONSonoco Products sees FY14 base EPS $2.43-$2.53, consensus $2.50
The company's 2014 guidance range reflects an expectation of a 33% effective tax rate for the year. Free cash flow is expected to be approximately $130M in 2014, compared to $245M in 2013. The year-over-year reduction reflects expectations for higher income tax payments, an increase in pension and post retirement plan contributions and a greater, but more-normal, use of cash for working capital.
07:35 EDTSONSonoco Products sees Q2 base EPS 63c-67c, consensus 66c
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07:34 EDTSONSonoco Products reports Q1 base EPS 52c, consensus 51c
Reports Q1 revenue $1.19B, consensus $1.2B.
April 16, 2014
11:41 EDTSONSonoco board increases quarterly dividend to 32c from 31c
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11:39 EDTSONSonoco to invest $20M for new Malaysian composite can plant
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