Avery Dennison (AVY) to Release Quarterly Earnings on Wednesday

Avery Dennison (NYSE:AVY) is projected to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect Avery Dennison to post earnings of $2.33 per share and revenue of $2.15 billion for the quarter. Avery Dennison has set its FY 2025 guidance at 9.800-10.200 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.01). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. On average, analysts expect Avery Dennison to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Avery Dennison Trading Down 1.6 %

AVY opened at $169.57 on Wednesday. Avery Dennison has a fifty-two week low of $157.00 and a fifty-two week high of $233.48. The firm has a market capitalization of $13.39 billion, a PE ratio of 19.45, a P/E/G ratio of 2.07 and a beta of 0.85. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. The company’s 50-day moving average is $178.15 and its 200 day moving average is $192.11.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.88 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.08%. Avery Dennison’s payout ratio is 40.37%.

Analyst Ratings Changes

Several equities analysts have commented on AVY shares. Raymond James reissued an “outperform” rating and set a $208.00 target price (down previously from $218.00) on shares of Avery Dennison in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $215.00 price target (down from $245.00) on shares of Avery Dennison in a report on Friday, January 31st. Barclays reduced their price objective on Avery Dennison from $245.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. BMO Capital Markets set a $226.00 target price on Avery Dennison in a research note on Monday, February 3rd. Finally, Robert W. Baird set a $220.00 price target on shares of Avery Dennison in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.87.

Insider Activity at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,068 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $186.19, for a total transaction of $1,502,180.92. Following the completion of the transaction, the chairman now owns 316,300 shares in the company, valued at $58,891,897. This trade represents a 2.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is currently owned by company insiders.

Avery Dennison Company Profile

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.