Avery Dennison Q2 Earnings Forecast Raised by Zacks Research

Key Points

• Zacks Research raised Avery Dennison’s Q2 2027 EPS estimate to $2.99 from $2.98 and projects Q2 2028 EPS of $3.13. The consensus full-year earnings estimate is $10.15 per share.
• Avery Dennison’s latest quarterly results exceeded expectations, with EPS of $2.89 versus the $2.47 consensus and revenue of $2.46 billion versus $2.30 billion. Revenue increased 10.9% year over year.
• Analysts maintain a generally positive outlook, with the stock holding a “Moderate Buy” consensus rating and an average price target of $199.20 versus its $167.64 opening price. The company also pays a $1.00 quarterly dividend, representing a 2.4% yield.

Avery Dennison Corporation (NYSE:AVY - Free Report) - Equities research analysts at Zacks Research lifted their Q2 2027 EPS estimates for Avery Dennison in a report released on Thursday, October 8th. Zacks Research analyst Team now anticipates that the industrial products company will earn $2.99 per share for the quarter, up from their prior estimate of $2.98. The consensus estimate for Avery Dennison's current full-year earnings is $10.15 per share. Zacks Research also issued estimates for Avery Dennison's Q2 2028 earnings at $3.13 EPS.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.42. The firm 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 business's revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS.

Other equities analysts have also issued reports about the company. Citigroup boosted their price target on Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Truist Financial lowered their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. UBS Group boosted their target price on shares of Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. increased 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. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $199.20.

Avery Dennison Stock Up 0.4%

Shares of Avery Dennison stock opened at $167.64 on Friday. The stock's 50-day moving average is $174.14 and its 200 day moving average is $167.01. Avery Dennison has a one year low of $152.42 and a one year high of $199.54. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.01 and a beta of 0.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AVY. Trust Co. of Vermont bought a new stake in shares of Avery Dennison during the second quarter worth about $27,000. Elevation Wealth Partners LLC lifted its position in Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 171 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Avery Dennison during the 2nd quarter valued at about $40,000. Roxbury Financial LLC bought a new stake in Avery Dennison during the 2nd quarter worth approximately $40,000. Finally, Miller Global Investments LLC bought a new stake in Avery Dennison during the 3rd quarter worth approximately $48,000. 94.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total value 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 approximately $1,216,265.68. This trade represents a 35.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ignacio J. Walker sold 1,742 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the sale, the senior vice president owned 7,585 shares of the company's stock, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.81% of the company's stock.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were issued a $1.00 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.4%. Avery Dennison's dividend payout ratio is presently 43.81%.

About Avery Dennison

Avery Dennison Corporation NYSE: AVY is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.

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