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

Avery Dennison (NYSE:AVY) posted its earnings results on Thursday. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading Down 5.0 %

Shares of AVY stock traded down $9.68 on Thursday, reaching $183.23. The company had a trading volume of 408,656 shares, compared to its average volume of 635,808. The company has a 50-day moving average of $193.97 and a 200-day moving average of $206.61. Avery Dennison has a 12 month low of $181.99 and a 12 month high of $233.48. The stock has a market cap of $14.72 billion, a PE ratio of 22.04, a PEG ratio of 1.36 and a beta of 0.89. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85.

Insider Activity at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,679 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the transaction, the senior vice president now owns 7,126 shares in the company, valued at $1,467,956. This represents a 34.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

AVY has been the topic of several research analyst reports. StockNews.com cut Avery Dennison from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup lowered their price objective on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. BMO Capital Markets reduced 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 report on Thursday, October 24th. Bank of America lowered their price target on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Barclays reduced their price objective on Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.05.

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.