$1.34 Earnings Per Share Expected for Avery Dennison Corp (AVY) This Quarter

Analysts predict that Avery Dennison Corp (NYSE:AVY) will report earnings of $1.34 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Avery Dennison’s earnings, with the highest EPS estimate coming in at $1.39 and the lowest estimate coming in at $1.28. Avery Dennison reported earnings of $1.11 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20.7%. The firm is expected to announce its next earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Avery Dennison will report full-year earnings of $5.69 per share for the current financial year, with EPS estimates ranging from $5.44 to $5.85. For the next financial year, analysts forecast that the company will report earnings of $6.31 per share, with EPS estimates ranging from $6.05 to $6.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Avery Dennison.

Avery Dennison (NYSE:AVY) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.08. Avery Dennison had a net margin of 4.26% and a return on equity of 42.26%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis.

Several research firms recently commented on AVY. JPMorgan Chase & Co. downgraded shares of Avery Dennison from a “neutral” rating to an “underweight” rating and set a $113.00 price target for the company. in a research report on Thursday, February 1st. Zacks Investment Research upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Monday. Bank of America upped their price target on shares of Avery Dennison from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Loop Capital upped their price target on shares of Avery Dennison from $99.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Avery Dennison in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $120.25.

Shares of Avery Dennison (NYSE AVY) traded up $0.17 during trading on Tuesday, hitting $114.24. 1,320,000 shares of the stock traded hands, compared to its average volume of 610,895. Avery Dennison has a fifty-two week low of $78.17 and a fifty-two week high of $123.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.83 and a current ratio of 1.13. The firm has a market cap of $10,060.00, a PE ratio of 36.50, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.80 annualized dividend and a yield of 1.58%. Avery Dennison’s dividend payout ratio (DPR) is 57.51%.

In other Avery Dennison news, VP Deon Stander sold 6,400 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $107.64, for a total transaction of $688,896.00. Following the completion of the transaction, the vice president now owns 9,426 shares in the company, valued at approximately $1,014,614.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter K. Barker sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $114.76, for a total transaction of $229,520.00. Following the transaction, the director now owns 26,703 shares of the company’s stock, valued at approximately $3,064,436.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,255 shares of company stock valued at $2,555,698. 1.40% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in AVY. West Oak Capital LLC raised its position in Avery Dennison by 114.3% during the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the industrial products company’s stock worth $172,000 after buying an additional 800 shares during the last quarter. Conning Inc. purchased a new position in Avery Dennison during the 3rd quarter worth $200,000. Davidson & Garrard Inc. purchased a new position in Avery Dennison during the 3rd quarter worth $202,000. Univest Corp of Pennsylvania purchased a new position in Avery Dennison during the 4th quarter worth $205,000. Finally, Bank of Stockton purchased a new position in Avery Dennison during the 4th quarter worth $206,000. Institutional investors own 85.88% of the company’s stock.

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Avery Dennison Company Profile

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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