Analysts predict that Avery Dennison Corp (NYSE:AVY) will announce earnings per share of $1.34 for the current quarter, according to Zacks Investment Research. Three analysts have provided 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 per share of $1.11 in the same quarter last year, which suggests a positive year over year growth rate of 20.7%. The company is scheduled to issue its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Avery Dennison will report full year earnings of $5.88 per share for the current financial year, with EPS estimates ranging from $5.85 to $5.95. For the next fiscal year, analysts forecast that the business will report earnings of $6.38 per share, with EPS estimates ranging from $6.15 to $6.55. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Avery Dennison.
Avery Dennison (NYSE:AVY) last released its earnings results on Wednesday, January 31st. The industrial products company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.08. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. Avery Dennison had a return on equity of 42.26% and a net margin of 4.26%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share.
In other news, Director Peter K. Barker sold 2,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $114.76, for a total value of $229,520.00. Following the completion of the sale, the director now owns 26,703 shares in the company, valued at $3,064,436.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Anne Hill sold 21,134 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $118.07, for a total value of $2,495,291.38. Following the completion of the sale, the vice president now owns 41,863 shares of the company’s stock, valued at approximately $4,942,764.41. The disclosure for this sale can be found here. Insiders have sold 36,535 shares of company stock valued at $4,316,315 over the last 90 days. 1.40% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. West Oak Capital LLC grew its stake in shares of Avery Dennison by 114.3% in the fourth quarter. West Oak Capital LLC now owns 1,500 shares of the industrial products company’s stock valued at $172,000 after buying an additional 800 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in shares of Avery Dennison in the fourth quarter valued at about $184,000. Univest Corp of Pennsylvania acquired a new stake in shares of Avery Dennison in the fourth quarter valued at about $205,000. Meridian Investment Counsel Inc. acquired a new stake in shares of Avery Dennison in the fourth quarter valued at about $206,000. Finally, Bank of Stockton acquired a new stake in shares of Avery Dennison in the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 85.83% of the company’s stock.
Avery Dennison (NYSE AVY) traded down $0.83 during trading on Monday, reaching $116.52. The company had a trading volume of 507,409 shares, compared to its average volume of 772,025. The firm has a market capitalization of $10,250.00, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.85 and a beta of 1.20. Avery Dennison has a 52-week low of $78.47 and a 52-week high of $123.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.83.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.80 annualized dividend and a yield of 1.54%. Avery Dennison’s dividend payout ratio is presently 35.50%.
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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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