Avery Dennison (AVY) Expected to Announce Earnings on Thursday

Avery Dennison (NYSE:AVY) will likely be releasing its earnings data before the market opens on Thursday, January 30th. Analysts expect Avery Dennison to post earnings of $2.39 per share and revenue of $2.20 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $193.43 on Wednesday. The firm’s 50 day moving average price is $194.04 and its 200-day moving average price is $206.80. The company has a quick ratio of 0.62, a current ratio of 0.92 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $15.54 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. Avery Dennison has a twelve month low of $181.99 and a twelve month high of $233.48.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut shares of Avery Dennison from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $230.00 to $210.00 in a research note on Thursday, October 24th. UBS Group decreased their price objective on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Bank of America cut their target price on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, BMO Capital Markets lowered their price target on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.05.

Insider Activity

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $206.00, for a total transaction of $757,874.00. Following the sale, the senior vice president now directly owns 7,126 shares in the company, valued at $1,467,956. This represents a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Avery Dennison Company Profile

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.