Avery Dennison Corp (AVY) was Initiated by Aegis Capital to “Hold”. Aegis Capital advised their investors in a research report released on Nov 21, 2016.
Many Wall Street Analysts have commented on Avery Dennison Corp. Avery Dennison Corp was Initiated by Aegis Capital to “Hold” on Nov 21, 2016. Avery Dennison Corp was Upgraded by JP Morgan to ” Overweight” on Oct 27, 2016.
On the company’s financial health, Avery Dennison Corp reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.00. The company had revenue of $1508.70 million for the quarter, compared to analysts expectations of $1507.54 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.
Avery Dennison Corp closed down -1.36 points or -1.89% at $70.58 with 5,52,053 shares getting traded on Monday. Post opening the session at $71.68, the shares hit an intraday low of $70.49 and an intraday high of $71.78 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Investors should note that on Oct 28, 2016, Avery Dennison Corp announced a cash dividend of $0.4100. The company’s management has announced Dec 5, 2016 as the ex-dividend date and fixed the record date on Dec 7, 2016. The payable date has been fixed on Dec 21, 2016.
In a different news, on Nov 2, 2016, Lori J Bondar (VP, Controller and CAO) purchased 2,000 shares at $69.72 per share price. According to the SEC, on Nov 2, 2016, Susan C Miller (Senior VP, Gen Counsel & Secty) sold 2,000 shares at $69.85 per share price. On Aug 24, 2016, Dean A Scarborough (Executive Chairman) sold 50,000 shares at $77.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a variety of tickets tags labels and other converted products. The Companys pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing printing stamping and die-cutting. It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. The Company also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components such as fasteners tickets tags radio-frequency identification (RFID) inlays and tags and imprinting equipment and related services which it markets to retailers and apparel manufacturers and brand owners. The Companys operational segments include Pressure-sensitive Materials (PSM) Retail Branding and Information Solutions (RBIS) and Vancive Medical Technologies (Vancive).