Zacks Research Reduces Earnings Estimates for Avery Dennison

Key Points

• Zacks Research cut Avery Dennison’s Q1 2027 EPS estimate to $2.63 from $2.67, while the consensus full-year EPS estimate stands at $10.14.
• Avery Dennison’s latest quarter exceeded expectations, with EPS of $2.89 versus the $2.47 consensus and revenue of $2.46 billion, up 10.9% year over year.
• The stock carries a “Moderate Buy” consensus rating and a $199.10 average price target; the company also declared a quarterly dividend of $1.00 per share, yielding approximately 2.2% annually.

Avery Dennison Corporation (NYSE:AVY - Free Report) - Analysts at Zacks Research lowered their Q1 2027 EPS estimates for shares of Avery Dennison in a research note issued on Friday, October 23rd. Zacks Research analyst Team now expects that the industrial products company will earn $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, beating analysts' consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS.

A number of other equities research analysts also recently commented on the company. Bank of America reiterated a "buy" rating on shares of Avery Dennison in a report on Friday, August 14th. Wall Street Zen upgraded Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Jefferies Financial Group restated a "hold" rating and set a $181.00 target price on shares of Avery Dennison in a research report on Monday, September 28th. UBS Group upped their price target on Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Seven 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $199.10.

Avery Dennison Stock Up 0.1%

Shares of NYSE AVY opened at $181.99 on Monday. Avery Dennison has a 1 year low of $152.42 and a 1 year high of $199.54. The firm's 50-day moving average is $173.94 and its 200-day moving average is $167.46. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $13.79 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $4.00 annualized dividend and a yield of 2.2%. Avery Dennison's payout ratio is 43.81%.

Insider Activity

In related news, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the transaction, the senior vice president owned 7,126 shares in the company, valued at approximately $1,216,265.68. This trade represents a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction 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 completion of the sale, the senior vice president owned 7,585 shares in the company, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.81% of the company's stock.

Hedge Funds Weigh In On Avery Dennison

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Avery Dennison in the 2nd quarter valued at approximately $1,052,464,000. Ninety One UK Ltd acquired a new position in shares of Avery Dennison during the third quarter worth $341,344,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Avery Dennison by 2,376.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 984,976 shares of the industrial products company's stock worth $168,106,000 after buying an additional 945,195 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Avery Dennison in the 2nd quarter valued at $142,169,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Avery Dennison in the 2nd quarter valued at $118,728,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Company Profile

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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