Avery Dennison (AVY) Expected to Announce Earnings on Wednesday

Avery Dennison (NYSE:AVY) is expected to issue its quarterly earnings data 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Avery Dennison (NYSE:AVY) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. 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 Up 1.7 %

NYSE:AVY opened at $170.98 on Monday. The company has a market cap of $13.43 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.07 and a beta of 0.85. Avery Dennison has a 1 year low of $157.00 and a 1 year high of $233.48. 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 stock’s fifty day moving average price is $177.54 and its two-hundred day moving average price is $190.94.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.88 per share. The ex-dividend date was Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.06%. Avery Dennison’s dividend payout ratio (DPR) is currently 40.37%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $210.00 to $205.00 in a research report on Friday, January 31st. Robert W. Baird set a $220.00 target price on Avery Dennison in a research note on Friday, January 31st. BMO Capital Markets set a $226.00 price target on Avery Dennison in a research report on Monday, February 3rd. Truist Financial reiterated a “buy” rating and issued a $215.00 price objective (down from $245.00) on shares of Avery Dennison in a research report on Friday, January 31st. Finally, Citigroup dropped their target price on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.87.

Insider Buying and Selling

In related news, Chairman Mitchell R. Butier sold 12,969 shares of Avery Dennison stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $181.85, for a total transaction of $2,358,412.65. Following the completion of the transaction, the chairman now directly owns 303,331 shares of the company’s stock, valued at approximately $55,160,742.35. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is currently owned by company insiders.

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.