Avery Dennison Corporation (NYSE:AVY) is set to issue its quarterly earnings data on Tuesday, July 25th. Analysts expect the company to announce earnings of $1.21 per share for the quarter. Avery Dennison Corporation has set its FY17 guidance at $4.50-4.65 EPS.
Avery Dennison Corporation (NYSE:AVY) last posted its earnings results on Wednesday, April 26th. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.07. Avery Dennison Corporation had a net margin of 5.56% and a return on equity of 38.48%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $0.94 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts expect Avery Dennison Corporation to post $4.58 EPS for the current fiscal year and $4.99 EPS for the next fiscal year.
Shares of Avery Dennison Corporation (AVY) opened at 93.98 on Tuesday. Avery Dennison Corporation has a 12-month low of $68.55 and a 12-month high of $94.31. The company has a market capitalization of $8.32 billion, a P/E ratio of 24.68 and a beta of 1.18. The stock has a 50 day moving average of $85.03 and a 200-day moving average of $79.72.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.92%. This is a boost from Avery Dennison Corporation’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, June 5th. Avery Dennison Corporation’s dividend payout ratio is 47.37%.
A number of brokerages have recently commented on AVY. BidaskClub cut shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Zacks Investment Research cut shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Aegis restated a “hold” rating on shares of Avery Dennison Corporation in a research report on Thursday, June 1st. KeyCorp restated a “hold” rating on shares of Avery Dennison Corporation in a research report on Wednesday, April 26th. Finally, Barclays PLC restated an “overweight” rating and set a $96.00 price objective (up from $95.00) on shares of Avery Dennison Corporation in a research report on Monday, May 1st. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $88.40.
In related news, VP Deon Stander sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $84.50, for a total transaction of $422,500.00. Following the completion of the sale, the vice president now directly owns 10,998 shares in the company, valued at $929,331. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anthony Anderson sold 6,248 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $85.15, for a total transaction of $532,017.20. Following the sale, the director now owns 1,244 shares of the company’s stock, valued at $105,926.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,198 shares of company stock valued at $1,034,716. 1.40% of the stock is owned by company insiders.
Avery Dennison Corporation 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).
Receive News & Ratings for Avery Dennison Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison Corporation and related companies with MarketBeat.com's FREE daily email newsletter.