Zacks Research Lowers Earnings Estimates for Avery Dennison

Key Points

• Zacks Research slightly lowered Avery Dennison’s Q3 2026 EPS estimate to $2.30 from $2.31, while projecting full-year 2026 EPS of $10.15 and FY2028 EPS of $12.00.
• Avery Dennison’s latest quarterly results exceeded expectations, with EPS of $2.89 versus the $2.47 consensus and revenue of $2.46 billion, up 10.9% year over year.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus rating and an average price target of $201.22; the company also declared a quarterly dividend of $1.00 per share, yielding approximately 2.3%.

Avery Dennison Corporation (NYSE:AVY - Free Report) - Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of Avery Dennison in a research note issued to investors on Friday, September 4th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $2.30 for the quarter, down from their previous forecast of $2.31. 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 2027 earnings at $2.98 EPS, Q3 2027 earnings at $2.62 EPS, Q1 2028 earnings at $2.98 EPS, Q2 2028 earnings at $3.09 EPS and FY2028 earnings at $12.00 EPS.

Avery Dennison (NYSE:AVY - Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the firm posted $2.42 earnings per share. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS.

A number of other brokerages have also commented on AVY. Citigroup raised their price objective on Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Weiss Ratings upgraded Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Truist Financial decreased their price target on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Finally, UBS Group boosted their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $201.22.

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $175.27 on Monday. Avery Dennison has a 12 month low of $152.42 and a 12 month high of $199.54. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The stock has a market cap of $13.28 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.12 and a beta of 0.81. The business has a fifty day simple moving average of $170.12 and a 200-day simple moving average of $169.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its position in Avery Dennison by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company's stock worth $393,000 after purchasing an additional 54 shares during the period. Huntington National Bank increased its holdings in Avery Dennison by 3.2% in the 4th quarter. Huntington National Bank now owns 1,832 shares of the industrial products company's stock valued at $333,000 after buying an additional 56 shares during the period. Resources Management Corp CT ADV raised its stake in shares of Avery Dennison by 0.8% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company's stock valued at $1,369,000 after buying an additional 62 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of Avery Dennison by 22.9% during the 4th quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company's stock worth $70,000 after acquiring an additional 72 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company's stock worth $35,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Insider Transactions at Avery Dennison

In other news, SVP Ignacio Walker sold 1,742 shares of Avery Dennison stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is owned by insiders.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison's payout ratio is 43.81%.

About Avery Dennison

Avery Dennison NYSE: AVY is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison's offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.

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