Avery Dennison (NYSE:AVY) released its earnings results on Tuesday. The industrial products company reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.02), MarketWatch Earnings reports. Avery Dennison had a net margin of 3.83% and a return on equity of 47.47%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Avery Dennison updated its FY18 guidance to $5.95-6.10 EPS.
NYSE AVY opened at $96.97 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.79. Avery Dennison has a twelve month low of $96.35 and a twelve month high of $123.67. The stock has a market capitalization of $8.53 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.30 and a beta of 1.26.
Several equities research analysts recently weighed in on AVY shares. Citigroup reduced their target price on shares of Avery Dennison from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. Loop Capital set a $124.00 target price on shares of Avery Dennison and gave the company a “buy” rating in a research note on Thursday, October 11th. Bank of America increased their target price on shares of Avery Dennison from $114.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research cut shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Barclays increased their target price on shares of Avery Dennison from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $123.56.
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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