Revenue Update on Avery Dennison Corp(NYSE:AVY)

Avery Dennison Corp(NYSE:AVY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $1.54B. Analysts estimated a revenue of $1.54B. Earnings per share were $1.09. Analysts had estimated an EPS of $1.02.

In a different note, On May 20, 2016, JP Morgan said it Downgrades its rating on Avery Dennison Corp. In the research note, the firm Lowers the price-target to $80.00 per share. The shares have been rated ‘Neutral’ by the firm.

Avery Dennison Corp (AVY) shares turned negative on Fridays trading session with the shares closing down -0.26 points or -0.33% at a volume of 7,06,819. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $78.11. The peak price level was also seen at $78.11 while the days lowest was $77.01. Finally the shares closed at $77.89. The 52-week high of the shares is $78.82 while the 52-week low is $53.56. According to the latest information available, the market cap of the company is $6,946 M.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Susan C Miller (Senior VP, Gen Counsel & Secty) sold 2,000 shares at $73.31 per share price.Also, On Jun 9, 2016, Ken C Hicks (director) sold 5,000 shares at $76.23 per share price.On Jun 9, 2016, Anne Hill (Sr. VP & Chief HR Officer) sold 30,000 shares at $76.25 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 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. 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 Company’s operational segments include Pressure-sensitive Materials (PSM) Retail Branding and Information Solutions (RBIS) and Vancive Medical Technologies (Vancive).

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