Latest news with #AveryDennison
Yahoo
4 days ago
- Business
- Yahoo
Piper Sandler Boosts Price Target on Impinj (PI) to $140 Amid Sector Tailwinds
Impinj Inc. (NASDAQ:PI) is one of the most oversold semiconductor stocks so far in 2025. On July 23, a Piper Sandler analyst raised his price target on Impinj (NASDAQ:PI) to $140 from $100, while reiterating his Overweight rating on the stock. The move follows earnings commentary from another company, Avery Dennison (NYSE:AVY), which the analyst views as a constructive signal for Impinj's positioning, particularly in newer verticals like food and logistics. Avery Dennison is a manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, radio-frequency identification (RFID) inlays, and specialty medical products. According to the analyst, Avery's Q2 results and management commentary suggest that while retail sales in its intelligent labeling segment declined modestly year-over-year, the food and logistics categories posted mid-single-digit growth. This shift in end-market demand could benefit Impinj, which has been working to expand beyond its core retail exposure. An assembly line in a semiconductor factory, with workers at their stations. The analyst also highlighted that Avery noted that rollouts planned for 2025 remain on schedule, despite the noise surrounding tariffs. This indicates positive trends for Impinj's enterprise platform strategy as it means that the broader adoption is progressing as expected. A day earlier, on July 22, Susquehanna analyst Christopher Rolland also increased his price target on Impinj to $140 from $130, while maintaining a Buy rating on the stock. The update came as part of the analyst's broader preview of the semiconductor sector heading into Q2 earnings. While Rolland expects Impinj's Q2 results to be in line or slightly better than guidance, he also flagged growing uncertainty around the second half of 2025, with visibility becoming more limited. Impinj Inc. (NASDAQ:PI) manufactures RFID devices and software, including RFID chips, RFID readers, RFID reader chips, RFID antennas, and software applications for encoding chips. While we acknowledge the potential of PI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Debt-Free Stocks to Invest in Right Now and 10 Most Oversold S&P 500 Stocks So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey.
Business Wire
5 days ago
- Business
- Business Wire
David Flitman Appointed to Avery Dennison Board of Directors
MENTOR, Ohio--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE: AVY), a leading global materials science and digital identification solutions company, today announced that its board of directors has appointed David Flitman as a director, effective July 23, 2025. Flitman, 61, serves as chief executive officer of US Foods Holding Corporation, a leading foodservice distributor, with $37.9 billion in fiscal 2024 revenues. He previously served as president and chief executive officer of Builders Firstsource Incorporated from 2021 to 2022, and BMC Stock Holdings Incorporated from 2018 to 2021. 'We are extremely pleased to welcome Dave to our board. He brings extensive CEO experience navigating dynamic business environments, as well as deep expertise in the food industry—a segment that represents a significant growth opportunity for Avery Dennison,' said Mitch Butier, chairman of the Avery Dennison board. 'We look forward to working with Dave to continue creating long-term value for all our stakeholders.' Flitman has a BS in Chemical Engineering from Purdue University. About Avery Dennison Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company. We are Making Possible™ products and solutions that help advance the industries we serve, providing branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity and transparency, and better connect brands and consumers. We design and develop labeling and functional materials, radio-frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and offerings that enhance branded packaging and carry or display information that improves the customer experience. Serving industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2024 were $8.8 billion. Learn more at
Yahoo
22-07-2025
- Business
- Yahoo
Avery Dennison Q2 Earnings Beat Estimates, Revenues Dip Y/Y
Avery Dennison Corporation AVY has delivered adjusted earnings of $2.42 per share in second-quarter 2025, beating the Zacks Consensus Estimate of $2.38. The bottom line was flat year over one-time items, the company has reported earnings per share (EPS) of $2.41, up from $2.18 in the year-ago quarter. Avery Dennison Corporation Price, Consensus and EPS Surprise Avery Dennison Corporation price-consensus-eps-surprise-chart | Avery Dennison Corporation Quote Avery Dennison's Revenues & Gross Profit Dip Y/Y in Q2 Total revenues dipped 0.7% year over year to $2.22 billion, marginally missing the Zacks Consensus Estimate of $2.23 of sales in the quarter grew 0.6% year over year to $1.58 billion. The gross profit fell 3.6% year over year to $639 general and administrative expenses were $352 million compared with the $374 million incurred in the year-ago quarter. The adjusted operating profit was around $287 million compared with the prior-year quarter's $289 million. The adjusted operating margin was 12.9% in the quarter, flat compared with the year-ago quarter. AVY's Q2 Segmental Highlights Revenues in the Materials Group segment increased 0.2% year over year to $1.55 billion in the second quarter. The reported figure exceeded our estimate of $1.54 billion. On an organic basis, sales decreased 1%. We predicted organic sales to rise 2.3%. The segment's adjusted operating profit dipped 0.8% year over year to $242.5 in the Solutions Group were down 2.6% year over year to $670 million. We estimated revenues of $659 million for this segment. On an organic basis, sales fell 0.8%. Our model predicted a rise of 1.1%. The segment's adjusted operating income decreased 4% year over year to $67 million. Avery Dennison's Cash & Debt Position AVY returned $503 million in cash to its shareholders through share repurchases and dividend payments in the first half of 2025. The company repurchased 2 million shares throughout the first Dennison ended the quarter with cash and cash equivalents of $216 million compared with $209 million at the second quarter 2024 end. The company's long-term debt was $2.63 billion at the end of the quarter under review, up from $2.05 billion at the end of the second quarter of realized approximately $30 million in pre-tax savings from restructuring (net of transition costs) in the first six months of 2025. AVY's Guidance for Q3 The company expects adjusted EPS between $2.24 and $2.40 for third-quarter 2025. Avery Dennison Stock's Price Performance AVY shares have lost 18.7% in the past year compared with the industry's 6.1% decline. Image Source: Zacks Investment Research AVY's Zacks Rank Avery Dennison currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Industrial Product Stocks Awaiting Results Ball Corporation BALL is scheduled to release its second-quarter 2025 results on Aug. 5. The Zacks Consensus Estimate for BALL's second-quarter 2025 earnings is pegged at 87 cents per share, suggesting year-over-year growth of 17.6%.The Zacks Consensus Estimate for Ball Corp's top line is pegged at $3.15 billion, suggesting growth of 6.6% from the prior-year figure. Ball Corp has a trailing four-quarter average surprise of 4.9%.Silgan Holdings Inc. SLGN is scheduled to release its second-quarter 2025 results on July 30. The Zacks Consensus Estimate for SLGN's second-quarter 2025 earnings is pegged at $1.03 per share, indicating a year-over-year rise of 17%.The Zacks Consensus Estimate for Silgan Holdings' top line is pegged at $1.53 billion, suggesting an increase of 11.1% from the prior-year figure. Silgan Holdings has a trailing four-quarter average surprise of 2.1%.AptarGroup, Inc. ATR is scheduled to release its second-quarter 2025 results on July 31. The Zacks Consensus Estimate for AptarGroup's second-quarter 2025 earnings is pegged at $1.58 per share, suggesting year-over-year growth of 15.3%.The Zacks Consensus Estimate for the company's top line is pegged at $946.1 million, suggesting growth of 3.9% from the prior-year figure. ATR has a trailing four-quarter average surprise of 7.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Silgan Holdings Inc. (SLGN) : Free Stock Analysis Report Avery Dennison Corporation (AVY) : Free Stock Analysis Report AptarGroup, Inc. (ATR) : Free Stock Analysis Report Ball Corporation (BALL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
22-07-2025
- Business
- Yahoo
Avery Dennison forecast third-quarter profit below estimates
(Reuters) -Packaging products maker Avery Dennison forecast third-quarter earnings below Wall Street expectations on Tuesday, as uncertainty from U.S. President Donald Trump's fluctuating tariff policy mounts. The Trump-led trade war has stoked inflationary challenges, causing an increase in raw material costs, while concerns around growth have made consumers cautious, which in turn has hurt demand for all industries, including packaging. Avery, which caters to customers as diverse as retail giant Walmart and Spanish soccer club Real Madrid, switched its full-year forecast with a quarterly outlook during the first quarter, citing macroeconomic uncertainty. "While trade policy changes led to lower sourcing demand for apparel and general retail categories in the quarter, growth in our high-value categories and productivity in the base business offset the impact from tariffs," said Deon Stander, CEO. Avery said it realized about $30 million in pre-tax savings from restructuring, net of transition costs during the first half of the year, and incurred roughly $13 million in pre-tax restructuring charges. The Ohio-based firm, expects its third-quarter adjusted profit per share to be between $2.24 and $2.40, compared with the average of analysts' estimates of $2.41, according to data compiled by LSEG. For the second quarter, it posted an adjusted profit of $2.42 per share, flat from a year earlier. The overall second-quarter revenue fell nearly 1% to $2.22 billion from a year earlier.
Yahoo
21-07-2025
- Business
- Yahoo
Avery Dennison (AVY) Q2 Earnings: What To Expect
Adhesive manufacturing company Avery Dennison (NYSE:AVY) will be reporting results this Tuesday morning. Here's what investors should know. Avery Dennison met analysts' revenue expectations last quarter, reporting revenues of $2.15 billion, flat year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts' expectations significantly and EPS in line with analysts' estimates. Is Avery Dennison a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Avery Dennison's revenue to be flat year on year at $2.24 billion, slowing from the 6.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.39 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Avery Dennison has missed Wall Street's revenue estimates six times over the last two years. Looking at Avery Dennison's peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lindsay delivered year-on-year revenue growth of 21.7%, beating analysts' expectations by 4.6%, and AAR reported revenues up 14.9%, topping estimates by 8.6%. Lindsay traded up 3.9% following the results while AAR was also up 13.4%. Read our full analysis of Lindsay's results here and AAR's results here. There has been positive sentiment among investors in the industrials segment, with share prices up 6.5% on average over the last month. Avery Dennison's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $190.97 (compared to the current share price of $178.60). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
