FY2027 EPS Estimates for Avery Dennison Decreased by Analyst

Avery Dennison Corporation (NYSE:AVY - Free Report) - Research analysts at Zacks Research cut their FY2027 earnings estimates for shares of Avery Dennison in a note issued to investors on Friday, June 27th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $11.36 per share for the year, down from their prior estimate of $11.44. The consensus estimate for Avery Dennison's current full-year earnings is $9.96 per share.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.02). The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.15 billion. Avery Dennison had a return on equity of 33.11% and a net margin of 7.98%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 earnings per share.

Several other research analysts have also weighed in on the stock. Jefferies Financial Group began coverage on shares of Avery Dennison in a research note on Tuesday, April 22nd. They set a "hold" rating and a $175.00 price objective on the stock. JPMorgan Chase & Co. cut shares of Avery Dennison from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $205.00 to $172.00 in a research report on Thursday, April 24th. BMO Capital Markets decreased their price target on shares of Avery Dennison from $226.00 to $216.00 and set an "outperform" rating for the company in a report on Friday, April 25th. UBS Group dropped their price objective on Avery Dennison from $207.00 to $189.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Raymond James Financial decreased their target price on Avery Dennison from $208.00 to $194.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $206.60.

Avery Dennison Price Performance

Avery Dennison stock opened at $175.50 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.68 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $13.72 billion, a P/E ratio of 20.22, a PEG ratio of 2.81 and a beta of 0.88. The business has a 50-day moving average of $176.52 and a 200-day moving average of $180.32. Avery Dennison has a 1 year low of $157.00 and a 1 year high of $233.48.

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This is an increase from Avery Dennison's previous quarterly dividend of $0.88. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.14%. Avery Dennison's dividend payout ratio (DPR) is presently 43.32%.

Institutional Investors Weigh In On Avery Dennison

Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Avery Dennison in the fourth quarter valued at approximately $188,643,000. GAMMA Investing LLC increased its stake in Avery Dennison by 19,370.0% in the 1st quarter. GAMMA Investing LLC now owns 428,730 shares of the industrial products company's stock valued at $76,301,000 after buying an additional 426,528 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Avery Dennison by 905.0% in the 1st quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company's stock valued at $57,503,000 after buying an additional 291,848 shares during the last quarter. Vanguard Group Inc. lifted its position in Avery Dennison by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock worth $1,772,450,000 after buying an additional 277,554 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Avery Dennison during the 4th quarter worth about $51,521,000. Institutional investors own 94.17% of the company's stock.

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.

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