Wall Street brokerages expect Avery Dennison Corporation (NYSE:AVY) to announce $1.65 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Avery Dennison Corporation’s earnings, with the highest sales estimate coming in at $1.66 billion and the lowest estimate coming in at $1.64 billion. Avery Dennison Corporation posted sales of $1.51 billion in the same quarter last year, which suggests a positive year over year growth rate of 9.3%. The firm is expected to report its next quarterly earnings report on Wednesday, October 25th.

On average, analysts expect that Avery Dennison Corporation will report full year sales of $1.65 billion for the current financial year, with estimates ranging from $6.51 billion to $6.59 billion. For the next financial year, analysts expect that the business will report sales of $6.89 billion per share, with estimates ranging from $6.83 billion to $6.99 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Avery Dennison Corporation.

Avery Dennison Corporation (NYSE:AVY) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.61 billion. Avery Dennison Corporation had a return on equity of 39.29% and a net margin of 6.14%. Avery Dennison Corporation’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS.

AVY has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating and set a $100.00 price objective on shares of Avery Dennison Corporation in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Avery Dennison Corporation in a research note on Friday, September 22nd. Loop Capital started coverage on shares of Avery Dennison Corporation in a research note on Thursday, September 28th. They set a “hold” rating and a $99.00 target price on the stock. Bank of America Corporation raised shares of Avery Dennison Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $96.00 in a research note on Tuesday, June 20th. Finally, Citigroup Inc. boosted their target price on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Avery Dennison Corporation currently has an average rating of “Buy” and a consensus target price of $93.14.

In related news, Director Patrick Siewert sold 10,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $93.63, for a total value of $936,300.00. Following the sale, the director now owns 10,519 shares of the company’s stock, valued at $984,893.97. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David E. I. Pyott sold 298 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $94.00, for a total transaction of $28,012.00. Following the completion of the sale, the director now directly owns 16,601 shares in the company, valued at approximately $1,560,494. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,298 shares of company stock worth $1,152,312. Insiders own 1.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. National Asset Management Inc. grew its stake in shares of Avery Dennison Corporation by 0.3% in the second quarter. National Asset Management Inc. now owns 4,151 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 12 shares during the last quarter. Veritable L.P. grew its stake in shares of Avery Dennison Corporation by 0.6% in the second quarter. Veritable L.P. now owns 2,777 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 16 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Avery Dennison Corporation by 0.5% in the second quarter. Private Trust Co. NA now owns 5,327 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 28 shares during the last quarter. United Capital Financial Advisers LLC grew its stake in shares of Avery Dennison Corporation by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 6,924 shares of the industrial products company’s stock worth $558,000 after purchasing an additional 36 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Avery Dennison Corporation by 0.5% in the second quarter. CIBC Asset Management Inc now owns 8,592 shares of the industrial products company’s stock worth $759,000 after purchasing an additional 39 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Avery Dennison Corporation (AVY) traded up 0.576% during midday trading on Friday, reaching $100.465. The company had a trading volume of 57,298 shares. The stock’s 50 day moving average is $96.00 and its 200 day moving average is $88.55. Avery Dennison Corporation has a one year low of $68.55 and a one year high of $100.89. The company has a market capitalization of $8.88 billion, a PE ratio of 23.600 and a beta of 1.19.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.80%. Avery Dennison Corporation’s payout ratio is presently 42.25%.

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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).

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Earnings History and Estimates for Avery Dennison Corporation (NYSE:AVY)

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