Stock on Watch: Avery Dennison Corporation (AVY)

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 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. The Company’s operational segments include Pressure-sensitive Materials (PSM), Retail Branding and Information Solutions (RBIS), and Vancive Medical Technologies (Vancive). It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. It also manufactures and sells a range 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. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.

Recent News:

Avery Dennison Corporation (AVY) will host its third quarter 2016 earnings conference call in a live Webcast at 11 a.m. Eastern Time/8:00 a.m. Pacific Time on Wednesday, October 26, 2016. The company’s third quarter 2016 earnings will be issued earlier that morning at 6:45 a.m. Eastern Time.

for its second quarter ended July 2, 2016, the company reported adjusted non-gaap earnings per share $1.09, earnings per share $0.88 and sales $1.54 billion.

The Board of Directors of the conpany declared a quarterly cash dividend of $0.41 per share. The dividend is payable September 21, 2016, to shareholders of record as of September 7, 2016.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AVY’s strengths can be seen in its strong profitability and better efficiency. Its net income has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross Stochastic Oscillator and RSI is increasing to 48.23. We rate Avery Dennison Corporation (AVY) a STRONG BUY.

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