Avery Dennison FY2024 EPS Forecast Raised by Zacks Research

Avery Dennison Co. (NYSE:AVY) – Research analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of Avery Dennison in a report issued on Wednesday, November 6th. Zacks Research analyst M. Das now forecasts that the industrial products company will earn $9.42 per share for the year, up from their previous estimate of $9.40. The consensus estimate for Avery Dennison’s current full-year earnings is $9.42 per share. Zacks Research also issued estimates for Avery Dennison’s Q1 2025 earnings at $2.36 EPS, Q2 2025 earnings at $2.55 EPS, Q3 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.72 EPS, FY2025 earnings at $10.24 EPS, Q1 2026 earnings at $2.72 EPS, Q2 2026 earnings at $2.80 EPS, Q3 2026 earnings at $2.82 EPS and FY2026 earnings at $11.21 EPS.

Several other equities analysts also recently issued reports on the company. Barclays cut their target price on Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Citigroup cut their target price on Avery Dennison from $241.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. UBS Group downgraded Avery Dennison from a “buy” rating to a “neutral” rating and cut their target price for the company from $262.00 to $235.00 in a research report on Thursday, July 25th. Truist Financial upped their target price on Avery Dennison from $253.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, BMO Capital Markets cut their target price on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.96.

Avery Dennison Stock Performance

Shares of AVY opened at $202.50 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average price of $214.22 and a 200-day moving average price of $218.01. Avery Dennison has a 12 month low of $178.29 and a 12 month high of $233.48. The firm has a market cap of $16.27 billion, a PE ratio of 24.63, a P/E/G ratio of 1.58 and a beta of 0.89.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.32 by $0.01. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business posted $2.10 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, December 4th. Avery Dennison’s dividend payout ratio is currently 42.26%.

Insider Transactions at Avery Dennison

In other news, Chairman Mitchell R. Butier sold 7,108 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $218.12, for a total transaction of $1,550,396.96. Following the sale, the chairman now directly owns 304,114 shares of the company’s stock, valued at $66,333,345.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Chairman Mitchell R. Butier sold 7,108 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $218.12, for a total transaction of $1,550,396.96. Following the sale, the chairman now directly owns 304,114 shares of the company’s stock, valued at $66,333,345.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mitchell R. Butier sold 10,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $211.91, for a total transaction of $2,119,100.00. Following the sale, the chairman now directly owns 304,114 shares in the company, valued at approximately $64,444,797.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,108 shares of company stock valued at $7,940,597 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AVY. Innealta Capital LLC purchased a new position in Avery Dennison in the 2nd quarter valued at about $28,000. Larson Financial Group LLC lifted its stake in Avery Dennison by 100.0% in the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Kennebec Savings Bank purchased a new position in Avery Dennison in the 3rd quarter valued at about $36,000. Peterson Financial Group Inc. purchased a new position in Avery Dennison in the 3rd quarter valued at about $39,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Avery Dennison in the 2nd quarter valued at about $42,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

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.