Avery Dennison (NYSE:AVY) Issues Quarterly Earnings Results

Avery Dennison (NYSE:AVY - Get Free Report) posted its earnings results on Tuesday. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.04, Zacks reports. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the company posted $2.42 EPS. The company's revenue for the quarter was down .7% on a year-over-year basis. Avery Dennison updated its Q3 2025 guidance to 2.240-2.40 EPS.

Avery Dennison Price Performance

Shares of AVY stock traded down $1.54 during trading hours on Thursday, reaching $178.12. The company had a trading volume of 647,150 shares, compared to its average volume of 760,336. Avery Dennison has a 12-month low of $157.00 and a 12-month high of $224.38. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.68 and a current ratio of 1.04. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.55 and a beta of 0.87. The stock has a fifty day moving average of $179.27 and a 200-day moving average of $179.48.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.11%. This is a positive change from Avery Dennison's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Wednesday, June 4th. Avery Dennison's dividend payout ratio (DPR) is 43.32%.

Hedge Funds Weigh In On Avery Dennison

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in shares of Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company's stock worth $2,409,000 after acquiring an additional 819 shares during the period. Focus Partners Wealth increased its position in Avery Dennison by 7.6% during the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company's stock worth $697,000 after purchasing an additional 278 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Avery Dennison during the first quarter worth about $1,209,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Wall Street Analyst Weigh In

AVY has been the subject of several research analyst reports. Truist Financial reduced their target price on Avery Dennison from $215.00 to $210.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Bank of America upped their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Robert W. Baird dropped their target price on shares of Avery Dennison from $220.00 to $210.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Barclays cut their target price on shares of Avery Dennison from $225.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $197.60.

About Avery Dennison

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.