AVY

Avery DennisonNYSE · Paper & Plastic Packaging Products & Materials · Materials

Previous close

182.22

Change

+0.16 / +0.09%

FinDog View

Bullish

52-Week Range ?

152.42 – 199.54

P/E (TTM) ?

19.7

Forward P/E ?

15.8

Based on consensus earnings for the next 12 months

Market Cap

$13.8B

+6.77%

S&P 500 −0.91% over same period

Volume / Avg Volume

932K / 662K

1.41× average

Latest earnings analysisFY2026 Q2Reported 2026-07-30

Avery Dennison Q2 FY2026: sales up 10.9%, adjusted EPS $2.89 beats estimate

Avery Dennison beat on both lines in its fiscal 2026 second quarter, with sales up 10.9% to $2.46 billion and adjusted EPS of $2.89 arriving 15.9% above the $2.4943 consensus estimate. The read is simple: the big Materials segment grew volume and price, gross margin expanded to 29.6%, and adjusted free cash flow roughly doubled to $365.4 million. Management guided full-year adjusted EPS to $10.00 to $10.30.

Read the full analysis →

Revenue$2.46BYoY +10.90%

EPS (non-GAAP)$2.89Beatest. $2.49

Next-day move−2.91%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 21.31M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-07-30	$2.5B	2.89 / 2.49	−2.91%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-28	$2.3B	2.47 / 2.45	−2.13%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-04	$8.9B	2.45 / 2.42	−0.13%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-22	$2.2B	2.37 / 2.42	+4.04%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-22	$2.2B	2.42 / —	−1.11%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-23	$2.1B	2.30 / —	+1.98%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-02-02

in 93 days · After hours

Consensus EPS

$2.51

Last quarter EPS $2.89

Avg. next-day move over the last 6 reports

±2.1%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 29 of its 5-year rangeCheap

5-year range 18.0 – 34.7 · Median 21.3

Last 4 quarters: $411M in buybacks + $294M in dividends, 5.10% of market cap combined

P/E (TTM)

19.7

P/B

6.0

P/S

1.5

Dividend Yield

1.71%

Earnings Reaction

Over the last 6 reports, the stock moved ±2.1% on average on the first trading day after, rising 2 times

Most recent −2.91%

Volatility & Correlation

1-year beta 0.46 · Correlation with S&P 500 0.25Low beta

Annualized volatility 23% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 2 · $0.96MNet selling $0.96M

09-15Colisto NicholasSVP & CIOSell$0.66M3,886 shares · Avg price 170.68
08-04Walker Ignacio JSVP and Chief Legal OfficerSell$0.30M1,742 shares · Avg price 171.61

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	2.46	+10.9%	29.6%	—	0.20	0.37	2.67
FY2026 Q1	2.30	+7.0%	28.9%	—	0.17	0.11	2.18
FY2025 Q4	2.27	+3.9%	28.7%	—	0.17	0.31	2.16
FY2025 Q3	2.22	+1.5%	28.7%	—	0.17	0.28	2.13
FY2025 Q2	2.22	−0.7%	28.8%	—	0.19	0.18	2.41
FY2025 Q1	2.15	−0.1%	28.9%	—	0.17	-0.05	2.09
FY2024 Q4	2.19	+3.6%	27.9%	—	0.17	0.28	2.17
FY2024 Q3	2.18	+4.1%	28.7%	—	0.18	0.23	2.25
FY2024 Q2	2.24	+6.9%	29.6%	—	0.18	0.15	2.18
FY2024 Q1	2.15	+4.2%	29.4%	—	0.17	0.07	2.13
FY2023 Q4	2.11	+4.2%	28.2%	—	0.14	0.22	1.76
FY2023 Q3	2.10	−9.4%	27.9%	—	0.14	0.27	1.71

Peers

Largest by market cap in the sector · Latest quarterView Materials sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
AVY	Avery Dennison	$13.8B	19.7	+10.9%	29.6%	+6.77%	Bullish
LIN	Linde plc	$239B	32.0	+9.2%	—	+8.34%	Bullish	Compare
NEM	Newmont	$109B	12.5	+15.2%	—	−7.57%	Bullish	Compare
FCX	Freeport-McMoRan	$89.3B	30.5	−8.1%	30.0%	−10.76%	Bullish	Compare
ECL	Ecolab	$84.7B	41.0	+12.7%	44.1%	+10.34%	Bullish	Compare
SHW	Sherwin-Williams	$79.8B	29.9	+7.9%	47.8%	+2.89%	Bullish	Compare
APD	Air Products	$70.0B	—	+4.6%	32.8%	+13.73%	Neutral	Compare
NUE	Nucor	$61.5B	17.1	+23.0%	19.6%	+17.16%	Bullish	Compare
CRH	CRH plc	$59.9B	15.6	+3.0%	38.8%	+9.67%	Bullish	Compare

Earnings Preview · Reports 10-29 Pre-market

Avery Dennison Q3 preview: revenue streak, Materials in focus

Can revenue extend Q2's $2.46 billion pace, with Materials still the main growth engine
Whether the stalled Solutions segment improves, a concern flagged last quarter
Whether gross margin holds near Q2's 29.6%, and how debt and leverage trend

No consensus estimate available; no explicit forward guidance was given last quarter. For reference, Q2 revenue was $2.46 billion, up 10.9% year over year, with adjusted EPS of $2.67.

Over the past 6 reports, shares moved ±2.0% on average, rising only 2 times (33%), with the latest down 2.9%.

Watch out for：If the Solutions segment stays stalled, it could weigh on overall growth and pressure sentiment.

The View in One Line

Revenue $2.46B up 10.9%, adjusted EPS $2.89 beat estimates, gross margin improved, free cash flow strong, and full-year guidance signals confidence.

Updated 2026-10-30

View History

09-17Neutral → Bullish
Q2 revenue and adjusted EPS beat, gross margin improved, strong free cash flow, full-year guidance conveys confidence.

Notable Institutional Holders

Citadel Advisors · Ken Griffin$29.1MReduced −20%
Bridgewater Associates · Ray Dalio$18.2MAdded +972%
Renaissance Technologies$13.2MReduced −8%

As of 2026-06-30

ETFs holding it

XLB Materials Select Sector SPDR Fund2.07%
RSP Invesco S&P 500 Equal Weight ETF0.22%
VIG Vanguard Dividend Appreciation ETF0.06%
VYM Vanguard High Dividend Yield ETF0.06%
SPY SPDR S&P 500 ETF Trust0.02%
VOO Vanguard S&P 500 ETF0.02%
IVV iShares Core S&P 500 ETF0.02%
VTI Vanguard Total Stock Market ETF0.02%

Weights estimated at latest prices

Key Events

10-13Management Change
Avery Dennison Appoints Helen J. Sheirbon President, Solutions Group
Avery Dennison elected Helen J. Sheirbon as President, Solutions Group, effective Nov 3, 2026, with an annual base salary of $625,000.Source ↗
10-05Management Change
Chief Legal Officer Resigns, Effective October 16
Avery Dennison SVP and Chief Legal Officer Ignacio J. Walker resigned on September 30, 2026, and will leave the company on October 16, 2026.Source ↗
08-19Management Change
Avery Dennison Elects William Wagner as Independent Board Chair
Effective September 1, 2026, William Wagner becomes independent board chair; Mitchell Butier remains non-executive chairman until August 31.Source ↗
06-04Management Change
Materials Group President Departs; Chief Strategy Officer Succeeds
Ryan D. Yost resigned as President of the Materials Group on May 29 and left the company on June 12; on May 31 the board elected Danny G. Allouche to succeed him effective June 1.Source ↗
05-01Governance
Avery Dennison Annual Meeting Voting Results Announced
At the April 30, 2026 annual meeting, shareholders elected 10 directors, approved executive compensation, reappointed PwC as auditor, and rejected an independent chairman proposal.Source ↗

Key Financial Trends

Quarterly Revenue ($B)2.5

Gross Margin29.6%

Free Cash Flow ($B)0.4