Zacks Research Raises Earnings Estimates for Avery Dennison

Key Points

• Zacks Research raised Avery Dennison’s Q3 2026 EPS estimate to $2.30 from $2.29 and issued longer-term forecasts of $11.13 for FY2027 and $12.11 for FY2028.
• Avery Dennison recently exceeded quarterly expectations, reporting $2.89 EPS versus the $2.47 consensus and $2.46 billion in revenue, up 10.9% year over year.
• Analyst sentiment remains favorable, with seven Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $199.20; the company also pays a $4.00 annualized dividend yielding about 2.4%.

Avery Dennison Corporation (NYSE:AVY - Free Report) - Stock analysts at Zacks Research raised their Q3 2026 EPS estimates for shares of Avery Dennison in a report released on Thursday, October 8th. Zacks Research analyst Team now anticipates that the industrial products company will earn $2.30 per share for the quarter, up from their prior forecast of $2.29. 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 Q4 2026 earnings at $2.49 EPS, Q1 2027 earnings at $2.67 EPS, Q3 2027 earnings at $2.67 EPS, Q4 2027 earnings at $2.79 EPS, FY2027 earnings at $11.13 EPS, Q1 2028 earnings at $2.99 EPS, Q3 2028 earnings at $2.91 EPS and FY2028 earnings at $12.11 EPS.

A number of other equities analysts have also issued reports on the company. Truist Financial lowered their price target on Avery Dennison from $221.00 to $209.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Jefferies Financial Group reiterated a "hold" rating and issued a $181.00 price objective on shares of Avery Dennison in a research note on Monday, September 28th. Weiss Ratings upgraded Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. UBS Group increased their price target 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, Bank of America reiterated a "buy" rating on shares of Avery Dennison in a research report on Friday, August 14th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and an average price target of $199.20.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $167.77 on Monday. Avery Dennison has a one year low of $152.42 and a one year high of $199.54. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.02 and a beta of 0.79. The company has a 50-day simple moving average of $174.09 and a 200-day simple moving average of $167.03. 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 (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 the consensus estimate of $2.47 by $0.42. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. Avery Dennison's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS.

Hedge Funds Weigh In On Avery Dennison

A number of institutional investors have recently made changes to their positions in AVY. Trust Co. of Vermont acquired a new stake in shares of Avery Dennison in the 2nd quarter worth approximately $27,000. Elevation Wealth Partners LLC boosted its holdings in shares of Avery Dennison by 684.0% in the second 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 shares of Avery Dennison during the second quarter valued at approximately $40,000. Roxbury Financial LLC acquired a new position in shares of Avery Dennison during the second quarter valued at approximately $40,000. Finally, Miller Global Investments LLC acquired a new position in shares of Avery Dennison during the third quarter valued at approximately $48,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio J. 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 transaction of $298,944.62. Following the sale, the senior vice president owned 7,585 shares in the company, 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 is available at this hyperlink. Also, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the sale, the senior vice president directly owned 7,126 shares in the company, valued at $1,216,265.68. This trade represents a 35.29% decrease in their position. The SEC filing for this sale provides additional information. 0.81% of the stock is currently owned by corporate insiders.

Avery Dennison Announces Dividend

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

Avery Dennison News Summary

Here are the key news stories impacting Avery Dennison this week:

• Positive Sentiment: An analyst raised Avery Dennison’s Q2 EPS forecast, signaling improved expectations for the company’s near-term profitability. Q2 EPS Forecast for Avery Dennison Increased by Analyst
• Positive Sentiment: Zacks increased its Q3 2026 EPS estimate to $2.30 from $2.29, raised its Q3 2027 forecast to $2.67 from $2.62, and lifted its Q4 2027 estimate to $2.79 from $2.75.
• Positive Sentiment: Longer-term expectations also improved: FY2027 EPS was raised to $11.13 from $11.03, while FY2028 EPS increased to $12.11 from $11.98. The higher forecasts suggest analysts see continued earnings growth for the industrial-products company.
• Neutral Sentiment: Zacks raised its Q1 2028 EPS estimate to $2.99 from $2.97. Its Q4 2026 estimate remained effectively unchanged at $2.49, while the current full-year consensus remains $10.15 per share.
• Negative Sentiment: Zacks lowered its Q1 2027 EPS forecast to $2.67 from $2.69, indicating a small amount of pressure in that quarter despite the broader improvement in longer-term estimates.

Avery Dennison Company Profile

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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