Avery Dennison Corporation (NYSE:AVY) is expected to report third quarter earnings results, before market open, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.53 per share.
Looking ahead, the full year income are expected at $ 6.06 per share on the revenues of $ 6741.08 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.90 ~ $ 7.15 per share
Click Here For More Historical Outlooks Of Avery Dennison Corporation
Previous Quarter Performance
Avery Dennison Corporation outlined income for the second quarter of $ 1.27 per share, from the revenue of $ 1,529.00 million. The quarterly earnings dropped 26.16 percent while revenues contracted 14.85 percent compared with the same quarter last year.
Street analysts expected Avery Dennison Corporation to report income of $ 1.13 per share on revenue of $ 1521.51 million for the second quarter. The bottom line results beat street analysts by $ 0.14 or 12.39 percent, at the same time, top line results outshined analysts by $ 7.49 million or 0.49 percent.
Stock Performance
Shares of Avery Dennison Corporation traded up $ 0.74 or 0.55 percent on Tuesday, reaching $ 134.48 with volume of 515.10 thousand shares. Avery Dennison Corporation has traded high as $ 137.50 and has cracked $ 133.92 on the downward trend
The closing price of $ 134.48, representing a 73.78 % increase from the 52 week low of $ 76.96 and a 5.21 % decrease over the 52 week high of $ 141.09.
The company has a market capital of $ 11.22 billion and is part of the Industrials sector and Business Equipment industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by UBS Group at Buy rating, with $ 142.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.58 per share on July 22, 2020. The dividend were payable on September 16, 2020 to holders of record as of the close of business on September 2, 2020 and ex-dividend date on September 1, 2020.
Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The companys 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, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers.
