Media headlines about Avery Dennison Corp (NYSE:AVY) have trended somewhat negative this week, Alpha One reports. The research group, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Avery Dennison Corp earned a news sentiment score of -0.03 on Alpha One’s scale. Alpha One also gave media headlines about the industrial products company an impact score of 77 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Alpha One Sentiment Analysis’s scoring:
- Zacks Investment Research Lowers Avery Dennison Corp (AVY) to Hold (americanbankingnews.com)
- Avery Dennison Corp (NYSE:AVY) has analysts on the Bullish side … – Finance News Daily (finnewsdaily.com)
- QIAGEN N.V. (NASDAQ:QGEN) Vs. Avery Dennison Corporation (NYSE:AVY) Delving into the Technicals – Geneva Journal (genevajournal.com)
- Insider Trading Activity Avery Dennison Corp (NYSE:AVY) – Director Sold 950 shares of Stock (4-traders.com)
- Avery Dennison Corp (AVY) Director Sells $80,199.00 in Stock (americanbankingnews.com)
Shares of Avery Dennison Corp (NYSE:AVY) traded up 0.32% during midday trading on Friday, hitting $82.76. The company had a trading volume of 721,058 shares. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 21.73 and a beta of 1.12. The company’s 50 day moving average is $82.10 and its 200 day moving average is $76.87. Avery Dennison Corp has a one year low of $68.55 and a one year high of $84.57.
Avery Dennison Corp (NYSE:AVY) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.07. Avery Dennison Corp had a return on equity of 37.46% and a net margin of 5.27%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company posted $0.94 earnings per share. Avery Dennison Corp’s quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts forecast that Avery Dennison Corp will post $4.60 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. This is a boost from Avery Dennison Corp’s previous quarterly dividend of $0.41. Avery Dennison Corp’s dividend payout ratio (DPR) is presently 46.46%.
A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Avery Dennison Corp from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp restated a “hold” rating on shares of Avery Dennison Corp in a report on Wednesday, April 26th. Finally, Barclays PLC reiterated an “overweight” rating and set a $96.00 target price (up from $95.00) on shares of Avery Dennison Corp in a report on Monday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $82.60.
In other Avery Dennison Corp news, VP Anne Hill sold 19,504 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $81.83, for a total transaction of $1,596,012.32. Following the completion of the sale, the vice president now directly owns 36,280 shares in the company, valued at $2,968,792.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony Anderson sold 950 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $84.42, for a total transaction of $80,199.00. Following the sale, the director now owns 7,492 shares of the company’s stock, valued at $632,474.64. The disclosure for this sale can be found here. Insiders have sold 54,891 shares of company stock valued at $4,431,860 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.
Avery Dennison Corp Company Profile
Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).
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