Analysts predict that Avery Dennison Corp (NYSE:AVY) will post $1.68 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Avery Dennison’s earnings, with the lowest EPS estimate coming in at $1.65 and the highest estimate coming in at $1.70. Avery Dennison posted earnings per share of $1.66 in the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The company is scheduled to issue its next quarterly earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that Avery Dennison will report full-year earnings of $6.55 per share for the current financial year, with EPS estimates ranging from $6.50 to $6.60. For the next fiscal year, analysts forecast that the business will report earnings of $7.16 per share, with EPS estimates ranging from $6.89 to $7.35. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Avery Dennison.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.02. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Avery Dennison had a return on equity of 53.28% and a net margin of 2.74%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS.

Several equities analysts have recently issued reports on the company. KeyCorp reissued a “sector weight” rating and issued a $110.00 price objective on shares of Avery Dennison in a report on Sunday, April 7th. Zacks Investment Research lowered Avery Dennison from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. lowered Avery Dennison from a “neutral” rating to an “underweight” rating and set a $105.00 price target for the company. in a research note on Thursday, April 18th. Loop Capital lowered Avery Dennison from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, BMO Capital Markets lifted their price target on Avery Dennison to $114.00 and gave the company a “market perform” rating in a research note on Monday, February 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $118.00.

In other news, Director Dean A. Scarborough sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $109.17, for a total value of $10,917,000.00. Following the completion of the sale, the director now directly owns 51,183 shares in the company, valued at $5,587,648.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dean A. Scarborough sold 83,273 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $107.72, for a total value of $8,970,167.56. Following the completion of the sale, the director now owns 51,183 shares of the company’s stock, valued at $5,513,432.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 238,328 shares of company stock valued at $25,927,220. 1.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its holdings in Avery Dennison by 73.8% in the first quarter. Rockefeller Capital Management L.P. now owns 226 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Avery Dennison by 90.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 286 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 136 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in Avery Dennison in the first quarter valued at approximately $36,000. CSat Investment Advisory L.P. lifted its holdings in Avery Dennison by 60.8% in the fourth quarter. CSat Investment Advisory L.P. now owns 341 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 129 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new position in Avery Dennison in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Shares of AVY stock opened at $99.69 on Friday. The stock has a market capitalization of $8.57 billion, a PE ratio of 16.45, a P/E/G ratio of 1.88 and a beta of 1.35. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 1.77. Avery Dennison has a 52-week low of $82.89 and a 52-week high of $117.00.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.58 per share. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.52. This represents a $2.32 annualized dividend and a yield of 2.33%. The ex-dividend date is Tuesday, June 4th. Avery Dennison’s payout ratio is 34.32%.

About Avery Dennison

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

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Earnings History and Estimates for Avery Dennison (NYSE:AVY)

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