Analysts Issue Forecasts for Avery Dennison FY2027 Earnings

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

Several other research firms also recently weighed in on AVY. UBS Group decreased their price target on shares of Avery Dennison from $207.00 to $189.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Wall Street Zen raised Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lowered Avery Dennison from an "overweight" rating to a "neutral" rating and cut their price target for the company from $205.00 to $172.00 in a report on Thursday, April 24th. Truist Financial decreased their price objective on Avery Dennison from $215.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays cut their price objective on Avery Dennison from $225.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $206.60.

Avery Dennison Stock Performance

Shares of AVY traded down $0.19 on Monday, reaching $183.24. The company's stock had a trading volume of 339,849 shares, compared to its average volume of 648,655. The stock's 50 day simple moving average is $177.03 and its two-hundred day simple moving average is $180.21. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.03 and a quick ratio of 0.68. The stock has a market capitalization of $14.33 billion, a P/E ratio of 21.11, a PEG ratio of 2.90 and a beta of 0.87. Avery Dennison has a 12-month low of $157.00 and a 12-month high of $233.48.

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

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Wednesday, June 4th. This is an increase from Avery Dennison's previous quarterly dividend of $0.88. Avery Dennison's payout ratio is 43.32%.

Institutional Trading of Avery Dennison

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bayforest Capital Ltd bought a new stake in Avery Dennison in the 1st quarter worth approximately $27,000. SouthState Corp raised its stake in Avery Dennison by 195.7% during the first quarter. SouthState Corp now owns 207 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 137 shares in the last quarter. Costello Asset Management INC bought a new position in Avery Dennison during the first quarter valued at $40,000. Transamerica Financial Advisors LLC grew its stake in shares of Avery Dennison by 800.0% in the 1st quarter. Transamerica Financial Advisors LLC now owns 234 shares of the industrial products company's stock worth $42,000 after buying an additional 208 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of Avery Dennison during the 1st quarter valued at about $43,000. 94.17% of the stock is currently owned by institutional investors.

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.