Equities research analysts expect Avery Dennison Corp (NYSE:AVY) to announce sales of $1.75 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Avery Dennison’s earnings. The lowest sales estimate is $1.74 billion and the highest is $1.77 billion. Avery Dennison reported sales of $1.78 billion in the same quarter last year, which would suggest a negative year over year growth rate of 1.7%. The company is expected to announce its next quarterly earnings report on Wednesday, April 24th.

On average, analysts expect that Avery Dennison will report full-year sales of $7.26 billion for the current fiscal year, with estimates ranging from $7.20 billion to $7.36 billion. For the next fiscal year, analysts expect that the business will report sales of $7.46 billion, with estimates ranging from $7.32 billion to $7.62 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Avery Dennison.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Avery Dennison had a return on equity of 52.22% and a net margin of 6.53%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share.

AVY has been the subject of a number of analyst reports. Citigroup dropped their price target on Avery Dennison from $122.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, January 7th. UBS Group set a $125.00 price target on Avery Dennison and gave the company a “buy” rating in a research report on Friday, January 18th. Zacks Investment Research upgraded Avery Dennison from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. ValuEngine upgraded Avery Dennison from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Finally, Loop Capital lowered Avery Dennison from a “buy” rating to a “hold” rating in a research report on Wednesday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Avery Dennison has a consensus rating of “Hold” and an average price target of $119.50.

Shares of AVY stock traded down $2.29 during trading hours on Wednesday, reaching $109.98. The company had a trading volume of 845,751 shares, compared to its average volume of 703,716. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.15 and a quick ratio of 0.83. The firm has a market capitalization of $9.37 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. Avery Dennison has a 12-month low of $82.89 and a 12-month high of $116.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th will be given a $0.52 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $2.08 annualized dividend and a yield of 1.89%. Avery Dennison’s payout ratio is 34.32%.

In related news, Director Peter K. Barker sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $104.51, for a total value of $209,020.00. Following the completion of the transaction, the director now directly owns 29,769 shares in the company, valued at $3,111,158.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julia A. Stewart sold 5,027 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $104.19, for a total value of $523,763.13. The disclosure for this sale can be found here. Insiders sold 235,664 shares of company stock valued at $25,593,024 over the last quarter. 1.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of AVY. Wealthcare Advisory Partners LLC lifted its stake in Avery Dennison by 90.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 286 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 136 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in shares of Avery Dennison by 60.8% in the fourth quarter. CSat Investment Advisory L.P. now owns 341 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 129 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Avery Dennison in the fourth quarter valued at $40,000. Bremer Trust National Association acquired a new stake in shares of Avery Dennison in the fourth quarter valued at $42,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in shares of Avery Dennison in the fourth quarter valued at $49,000. Institutional investors own 86.85% of the company’s stock.

Avery Dennison Company Profile

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. It also offers durable cast and reflective films.

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