Avery Dennison (NYSE:AVY) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Avery Dennison has set its FY 2019 guidance at $6.50-6.65 EPS and its FY19 guidance at $6.50-6.65 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Avery Dennison (NYSE:AVY) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.04. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.83 billion. Avery Dennison had a return on equity of 52.67% and a net margin of 3.44%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 EPS. On average, analysts expect Avery Dennison to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Avery Dennison stock opened at $116.89 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 1.41. Avery Dennison has a 12 month low of $82.89 and a 12 month high of $120.65. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.14 and a beta of 1.30. The stock has a fifty day simple moving average of $113.38 and a two-hundred day simple moving average of $111.91.
Several analysts recently commented on the company. KeyCorp reaffirmed a “hold” rating on shares of Avery Dennison in a report on Friday, September 13th. Bank of America raised Avery Dennison from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Friday, September 13th. UBS Group cut their price objective on Avery Dennison from $130.00 to $129.00 and set a “buy” rating for the company in a report on Friday, September 13th. Berenberg Bank assumed coverage on Avery Dennison in a report on Thursday, August 15th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Avery Dennison from $105.00 to $111.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $123.25.
In related news, Director Anthony Anderson sold 2,150 shares of Avery Dennison stock in a transaction on Friday, September 6th. The stock was sold at an average price of $114.54, for a total value of $246,261.00. Following the completion of the sale, the director now owns 2,862 shares of the company’s stock, valued at $327,813.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Georges Gravanis sold 2,500 shares of Avery Dennison stock in a transaction on Friday, July 26th. The stock was sold at an average price of $116.88, for a total value of $292,200.00. Following the completion of the sale, the insider now directly owns 13,637 shares of the company’s stock, valued at approximately $1,593,892.56. The disclosure for this sale can be found here. Insiders sold 76,490 shares of company stock valued at $8,886,301 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.
About Avery Dennison
Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.
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