Analysts count on Avery Dennison Co. (NYSE:AVY) to announce $2.13 earnings per share (EPS) for the present quarter, Zacks Funding Analysis studies. Three analysts have supplied estimates for Avery Dennison’s earnings, with estimates starting from $2.01 to $2.22. Avery Dennison posted earnings of $1.73 per share in the identical quarter final yr, which suggests a optimistic yr over yr progress charge of 23.1%. The corporate is scheduled to report its subsequent earnings report on Wednesday, February third.
On common, analysts count on that Avery Dennison will report full yr earnings of $6.91 per share for the present yr, with EPS estimates starting from $6.61 to $7.06. For the subsequent fiscal yr, analysts anticipate that the corporate will report earnings of $7.35 per share, with EPS estimates starting from $6.95 to $7.70. Zacks’ earnings per share calculations are a mean primarily based on a survey of sell-side analysis companies that cowl Avery Dennison.
Avery Dennison (NYSE:AVY) final issued its quarterly earnings outcomes on Wednesday, October 21st. The commercial merchandise firm reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.41. Avery Dennison had a return on fairness of 44.88% and a web margin of seven.80%. The agency had income of $1.73 billion throughout the quarter, in comparison with analyst estimates of $1.67 billion. Throughout the identical interval final yr, the corporate posted $1.66 EPS. The agency’s quarterly income was down 1.8% on a year-over-year foundation.
A number of equities analysts have lately weighed in on AVY shares. Robert W. Baird raised their price goal on shares of Avery Dennison from $130.00 to $170.00 and gave the corporate an “outperform” score in a analysis report on Thursday, October 22nd. BMO Capital Markets raised their goal price on shares of Avery Dennison from $129.00 to $155.00 and gave the stock a “market carry out” score in a report on Thursday, October 22nd. Morgan Stanley upped their price goal on Avery Dennison from $112.00 to $146.00 and gave the corporate an “equal weight” score in a report on Friday, October 23rd. JPMorgan Chase & Co. lowered Avery Dennison from a “impartial” score to an “underweight” score and raised their price goal for the stock from $128.00 to $130.00 in a analysis word on Thursday, October 22nd. Lastly, UBS Group boosted their goal price on Avery Dennison from $150.00 to $178.00 and gave the stock a “purchase” score in a analysis report on Wednesday. Two analysts have rated the stock with a promote score, seven have assigned a maintain score and 5 have assigned a purchase score to the stock. The corporate at the moment has a mean score of “Maintain” and a mean goal price of $145.00.
In associated information, VP Anne Hill bought 11,427 shares of Avery Dennison stock in a transaction on Friday, October 23rd. The stock was bought at a mean price of $141.53, for a complete transaction of $1,617,263.31. Following the completion of the sale, the vp now owns 17,649 shares of the corporate’s stock, valued at $2,497,862.97. The transaction was disclosed in a authorized submitting with the SEC, which is offered by the SEC web site. Additionally, Director Peter Ok. Barker bought 10,982 shares of the enterprise’s stock in a transaction dated Friday, October 23rd. The shares have been bought at a mean price of $142.60, for a complete value of $1,566,033.20. Following the completion of the transaction, the director now owns 37,478 shares within the firm, valued at roughly $5,344,362.80. The disclosure for this sale could be discovered right here. 1.10% of the stock is at the moment owned by company insiders.
Various giant traders have lately modified their holdings of AVY. Ellevest Inc. lifted its place in shares of Avery Dennison by 29.1% within the third quarter. Ellevest Inc. now owns 346 shares of the economic merchandise firm’s stock worth $44,000 after shopping for a further 78 shares over the last quarter. RMR Wealth Builders purchased a brand new place in shares of Avery Dennison within the second quarter valued at roughly $51,000. Hoover Monetary Advisors Inc. purchased a brand new stake in shares of Avery Dennison throughout the 2nd quarter worth $57,000. Carroll Monetary Associates Inc. grew its stake in Avery Dennison by 133.3% within the third quarter. Carroll Monetary Associates Inc. now owns 546 shares of the economic merchandise firm’s stock valued at $69,000 after shopping for a further 312 shares over the last quarter. Lastly, CWM LLC raised its holdings in Avery Dennison by 69.7% within the third quarter. CWM LLC now owns 606 shares of the economic merchandise firm’s stock worth $77,000 after buying a further 249 shares throughout the interval. Hedge funds and different institutional traders personal 80.61% of the corporate’s stock.
NYSE:AVY opened at $150.01 on Friday. The corporate has a fast ratio of 0.94, a present ratio of 1.31 and a debt-to-equity ratio of 1.51. The enterprise’s 50-day shifting common price is $147.57 and its 200 day shifting common price is $125.91. Avery Dennison has a 52-week low of $76.96 and a 52-week excessive of $156.82. The agency has a market cap of $12.51 billion, a P/E ratio of 23.96, a PEG ratio of three.36 and a beta of 0.96.
The agency additionally lately introduced a quarterly dividend, which can be paid on Wednesday, December 16th. Shareholders of file on Wednesday, December 2nd can be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.65%. The ex-dividend date is Tuesday, December 1st. This can be a enhance from Avery Dennison’s earlier quarterly dividend of $0.58. Avery Dennison’s payout ratio is 37.58%.
Avery Dennison Firm Profile
Avery Dennison Company produces and sells pressure-sensitive supplies worldwide. The corporate’s Label and Graphic Supplies phase gives pressure-sensitive label and packaging supplies; and graphics and reflective merchandise beneath the Fasson, JAC, Avery Dennison, and Mactac manufacturers, in addition to sturdy forged and reflective movies.
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