Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Gr ...

Avery Dennison Corporation (NYSE:AVY) Q2 2024 Results Conference Call July 23, 2024 12:00 PM ET Company Participants John Eble - Vice President, Finance and Investor Relations Deon Stander - President and Chief Executive Officer Gregory Lovins - Senior Vice President and Chief Financial Officer Conference Call Participants John McNulty - BMO Capital Markets Ghansham Panjabi - Baird George Staphos - Bank of America Michael Roxland - Truist Securities Josh Spector - UBS Matt Roberts - Raymond James Jeff Zekau ...

Avery Dennison Corporation (AVY) has delivered adjusted earnings of $2.42 per share in second-quarter 2024, beating the Zacks Consensus Estimate of $2.25. The bottom line marked 26% year-over-year growth.Including one-time items, the company has reported earnings per share (EPS) of $2.18 compared with the year-ago quarter’s $1.24.Total revenues grew 6.9% year over year to $2.24 billion, beating the Zacks Consensus Estimate of $2.18 billion.Cost of sales in the quarter grew 2.3% year over year to $1.57 billi ...

Avery Dennison (AVY) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.56%. A quarter ago, it was expected that this maker of office products would post earnings of $2.15 per share when it actually produced earnings of $2.29, delivering a surprise of 6.51%.Over the last four quarters, ...

Exhibit 99.1 For Immediate Release Highlights: ● 2Q24 Reported EPS of $2.18, up 76% ¡ 2Q24 Adjusted EPS (non-GAAP) of $2.42, up 26% ● 2Q24 Net sales of $2.2 billion, up 7% ¡ Sales change ex. currency (non-GAAP) up 8% ¡ Organic sales change (non-GAAP) up 7% ● FY24 EPS guidance ¡ Revising Reported EPS guidance of $8.75 to $8.95 (previously $8.60 to $9.10) ¡ Raising Adjusted EPS guidance of $9.30 to $9.50 (previously $9.00 to $9.50) MENTOR, Ohio, July 23, 2024 – Avery Dennison Corporation (NYSE:AVY) today anno ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed ...

Avery Dennison (AVY) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than exp ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Avery Dennison (AVY) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Avery Dennison is one of 218 companies in the Industrial Products group. The Industrial Products group currently sits at #5 within the Zacks Sector Rank. The Zacks ...

Core Viewpoint - Avery Dennison Corporation is experiencing a turnaround in earnings with expectations of double-digit EBITDA and EPS growth in the coming years, despite its share price not being a bargain [4][28]. Company Overview - Avery Dennison is a global materials science and digital identification solutions company, providing a wide range of branding and information solutions [6]. - The company operates through two segments: the Materials Group (69% of net sales) and the Solutions Group (31% of net sales) [6]. - Recent acquisitions include Silver Crystal Group, LG Group, and Thermopatch, costing approximately $231 million [6]. Financial Performance - In Q1 2024, net sales increased by 4% to $2.2 billion, and EPS jumped by 43% to $2.13 [8]. - Full-year 2024 guidance includes EPS of $8.60 - $9.10, significantly higher than the previous year's $6.48 [10]. - The company has a strong balance sheet with total assets of $8.255 billion and total liabilities of $6.051 billion [8]. Growth Prospects - Revenue and EBITDA have shown slow growth over the past decade, but are rebounding after a decline in 2023 [9]. - Analysts expect significant earnings gains this year, with a consensus on double-digit growth in 2025 and 2026 [10][11]. - Intelligent Labels, a suite of IoT technologies, is identified as a key growth driver [11]. Competitive Landscape - Competitors include UPM Raflatac, Lintec Corporation, 3M Company, and Nitto Denko Corporation [7]. - Avery Dennison claims competitive advantages such as technical expertise, scale, and product innovation, reflected in its margins [7]. Profitability Metrics - The company shows strong profitability metrics, with a gross profit margin of 28.01% and a return on common equity of 26.10% [15]. - However, its five-year net income margin lags behind the sector median [15][16]. Dividend Analysis - Avery Dennison has a strong dividend safety grade of A+, with a consistent track record of dividend growth over the past 13 years [18][19]. - The average dividend yield over the past five years is 1.61%, lower than the sector median of 2.09% [19]. Valuation Insights - The stock is considered expensive based on traditional valuation metrics, with a P/E ratio of 25.51 compared to the sector median of 17.38 [23]. - An intrinsic value calculation suggests the stock is fairly valued or slightly undervalued, with a target price of $231.50 [24][25]. Management and Strategy - The company aims for superior value creation through profitable growth and capital discipline, with a focus on emerging markets and innovation [13][28]. - CEO Deon Stander emphasizes growth as a key component of the company's strategy [13].