Avery Dennison Q2 Earnings Forecast Raised by Zacks Research

Avery Dennison Corporation (NYSE:AVY) – Research analysts at Zacks Research lifted their Q2 2027 EPS estimates for shares of Avery Dennison in a report released on Thursday, October 8th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.99 per share for the quarter, up from their prior forecast of $2.98. The consensus estimate for Avery Dennison’s current full-year earnings is $10.15 per share. Zacks Research also issued estimates for Avery Dennison’s Q2 2028 earnings at $3.13 EPS.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.42. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS.

AVY has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Truist Financial dropped their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. UBS Group boosted their price objective on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $181.00 target price on shares of Avery Dennison in a research report on Monday, September 28th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average target price of $199.20.

Avery Dennison Stock Up 0.4%

AVY opened at $167.64 on Friday. Avery Dennison has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The firm has a market capitalization of $12.71 billion, a P/E ratio of 18.36, a PEG ratio of 2.01 and a beta of 0.79. The company’s 50-day moving average is $174.14 and its 200 day moving average is $167.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is presently 43.81%.

Insiders Place Their Bets

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the transaction, the senior vice president directly owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total value of $663,262.48. Following the sale, the senior vice president directly owned 7,126 shares of the company’s stock, valued at $1,216,265.68. This represents a 35.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in shares of Avery Dennison during the second quarter valued at about $142,169,000. HighTower Advisors LLC raised its position in shares of Avery Dennison by 32.9% in the 2nd quarter. HighTower Advisors LLC now owns 68,647 shares of the industrial products company’s stock valued at $11,145,000 after purchasing an additional 17,003 shares during the last quarter. AXQ Capital LP acquired a new stake in Avery Dennison in the 2nd quarter worth approximately $1,053,000. Corient Private Wealth LP grew its position in Avery Dennison by 91.1% during the 2nd quarter. Corient Private Wealth LP now owns 124,011 shares of the industrial products company’s stock worth $20,133,000 after purchasing an additional 59,109 shares during the last quarter. Finally, Kepler Cheuvreux Suisse SA purchased a new stake in Avery Dennison during the 1st quarter worth approximately $1,158,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.