Avery Dennison (NYSE:AVY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Avery Dennison (NYSE:AVY) posted its quarterly earnings results on Thursday. The industrial products company reported $2.38 earnings per share for the quarter, missing the consensus estimate of $2.39 by ($0.01), Zacks reports. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. Avery Dennison updated its FY 2025 guidance to 9.800-10.200 EPS.

Avery Dennison Price Performance

Shares of AVY stock opened at $185.85 on Friday. 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 business’s fifty day moving average is $193.54 and its 200 day moving average is $206.34. Avery Dennison has a twelve month low of $179.20 and a twelve month high of $233.48. The stock has a market cap of $14.93 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.38 and a beta of 0.89.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, March 5th. Avery Dennison’s dividend payout ratio (DPR) is 42.26%.

Insider Activity

In related news, SVP Nicholas Colisto sold 3,679 shares of Avery Dennison stock in a transaction on Monday, November 25th. The shares were sold at an average price of $206.00, for a total transaction of $757,874.00. Following the transaction, the senior vice president now owns 7,126 shares in the company, valued at approximately $1,467,956. The trade was a 34.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $210.00 to $205.00 in a report on Friday. Bank of America cut their price objective on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a report on Monday, January 6th. BMO Capital Markets lowered their target price on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Citigroup decreased their price target on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Truist Financial reaffirmed a “buy” rating and set a $215.00 price objective (down from $245.00) on shares of Avery Dennison in a report on Friday. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $228.96.

About Avery Dennison

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.