Wall Street analysts forecast that Avery Dennison Corporation (NYSE:AVY) will report sales of $1.70 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Avery Dennison’s earnings. The lowest sales estimate is $1.68 billion and the highest is $1.73 billion. Avery Dennison posted sales of $1.55 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The firm is scheduled to announce its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Avery Dennison will report full-year sales of $1.70 billion for the current fiscal year, with estimates ranging from $6.56 billion to $6.61 billion. For the next financial year, analysts expect that the company will report sales of $6.98 billion per share, with estimates ranging from $6.90 billion to $7.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Avery Dennison.

Avery Dennison (NYSE:AVY) last released its earnings results on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. Avery Dennison had a return on equity of 40.52% and a net margin of 6.27%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Avery Dennison from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Tuesday, November 7th. Barclays increased their target price on Avery Dennison from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Avery Dennison in a research report on Monday, October 30th. Robert W. Baird reiterated a “buy” rating and set a $115.00 target price on shares of Avery Dennison in a research report on Friday, October 27th. Finally, Loop Capital increased their target price on Avery Dennison from $99.00 to $106.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $110.83.

In other Avery Dennison news, insider Dean A. Scarborough sold 20,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $105.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider now directly owns 94,042 shares in the company, valued at $9,874,410. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Dean A. Scarborough sold 10,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $104.54, for a total value of $1,045,400.00. Following the sale, the chairman now owns 94,042 shares of the company’s stock, valued at $9,831,150.68. The disclosure for this sale can be found here. Insiders have sold 152,604 shares of company stock valued at $16,245,751 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Acrospire Investment Management LLC acquired a new stake in shares of Avery Dennison in the second quarter valued at about $129,000. Captrust Financial Advisors acquired a new stake in shares of Avery Dennison in the second quarter valued at about $130,000. Pacad Investment Ltd. acquired a new stake in shares of Avery Dennison in the second quarter valued at about $141,000. Conning Inc. acquired a new stake in shares of Avery Dennison in the third quarter valued at about $200,000. Finally, Davidson & Garrard Inc. acquired a new stake in shares of Avery Dennison in the third quarter valued at about $202,000. Institutional investors own 85.29% of the company’s stock.

Avery Dennison (NYSE:AVY) opened at $112.63 on Friday. Avery Dennison has a 12-month low of $69.53 and a 12-month high of $114.79. The firm has a market capitalization of $9,790.00, a PE ratio of 24.44, a P/E/G ratio of 3.31 and a beta of 1.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $1.80 annualized dividend and a yield of 1.60%. Avery Dennison’s dividend payout ratio is presently 40.18%.

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About Avery Dennison

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

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

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