Avery Dennison Corporation (NYSE:AVY – Free Report) – Zacks Research cut their Q1 2027 earnings per share (EPS) estimates for shares of Avery Dennison in a report issued on Friday, October 23rd. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $2.63 per share for the quarter, down from their prior estimate of $2.67. The consensus estimate for Avery Dennison’s current full-year earnings is $10.14 per share.
Avery Dennison (NYSE:AVY – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS.
Other research analysts also recently issued research reports about the stock. Truist Financial dropped their price target on shares of Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. UBS Group lifted their target price on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Citigroup boosted their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.10.
Avery Dennison Stock Performance
NYSE:AVY opened at $183.58 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The company has a 50 day simple moving average of $174.01 and a two-hundred day simple moving average of $172.36. The company has a market capitalization of $13.91 billion, a PE ratio of 17.86, a P/E/G ratio of 2.19 and a beta of 0.79.
Avery Dennison Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. Avery Dennison’s payout ratio is presently 43.81%.
Insider Buying and Selling
In other news, SVP Nicholas Colisto sold 3,886 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the sale, the senior vice president owned 7,126 shares of the company’s stock, valued at $1,216,265.68. This trade represents a 35.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ignacio J. Walker sold 1,742 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the sale, the senior vice president directly owned 7,585 shares of the company’s stock, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.81% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Activest Wealth Management bought a new stake in Avery Dennison in the third quarter valued at $27,000. Trust Co. of Vermont acquired a new position in shares of Avery Dennison during the second quarter valued at about $27,000. Elevation Wealth Partners LLC boosted its position in shares of Avery Dennison by 684.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 171 shares in the last quarter. Louisbourg Investments Inc. bought a new position in shares of Avery Dennison during the 3rd quarter worth about $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Avery Dennison during the 2nd quarter worth about $40,000. 94.17% of the stock is owned by institutional investors.
About Avery Dennison
Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.
The company’s offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.
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