Stock of the Day

January 1, 2020

Avery Dennison (AVY)

$175.10
-$0.79 (-0.4%)
Market Cap: $13.27B

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. The company also offers graphics and reflective products for the architectural, commercial sign, digital printing, and other related market segments; durable cast and reflective films to the construction, automotive, and fleet transportation market segments; reflective films for traffic and safety applications; and pressure-sensitive vinyl and specialty materials designed for digital imaging, screen printing, and sign cutting applications under the Avery Dennison and Mactac brand names. In addition, it provides branding solutions include brand embellishments, graphic tickets, tags, and labels, and sustainable packaging; and information solutions include item-level RFID, visibility and loss prevention, price ticketing and marking, productivity and media solutions, and brand protection and security solutions, as well as care, content, and country of origin compliance solutions. It serves home and personal care, apparel, e-commerce, logistics, food and grocery, pharmaceuticals, and automotive industries. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Mentor, Ohio.

Today's Trend

Avery Dennison Corporation (NYSE: AVY) is receiving a modestly positive earnings outlook from analysts, which may support the stock’s recent increase. Zacks Research raised several forward EPS estimates, although one near-term forecast was trimmed.

  • An analyst raised Avery Dennison’s Q2 EPS forecast, signaling improved expectations for the company’s near-term profitability. Q2 EPS Forecast for Avery Dennison Increased by Analyst
  • Zacks increased its Q3 2026 EPS estimate to $2.30 from $2.29, raised its Q3 2027 forecast to $2.67 from $2.62, and lifted its Q4 2027 estimate to $2.79 from $2.75.
  • Longer-term expectations also improved: FY2027 EPS was raised to $11.13 from $11.03, while FY2028 EPS increased to $12.11 from $11.98. The higher forecasts suggest analysts see continued earnings growth for the industrial-products company.
  • Zacks raised its Q1 2028 EPS estimate to $2.99 from $2.97. Its Q4 2026 estimate remained effectively unchanged at $2.49, while the current full-year consensus remains $10.15 per share.
  • Zacks lowered its Q1 2027 EPS forecast to $2.67 from $2.69, indicating a small amount of pressure in that quarter despite the broader improvement in longer-term estimates.

Overall, the revisions are mostly favorable and reinforce the company’s earnings-growth narrative. They follow Avery Dennison’s latest reported quarter, when EPS and revenue exceeded consensus estimates, providing additional support for the stock’s valuation.

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