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In a challenging market environment, Avery Dennison Corporation (NYSE:AVY) stock has touched a 52-week low, dipping to $181.81. According to InvestingPro analysis, the stock is currently trading slightly below its Fair Value, suggesting potential upside opportunity. The company, known for its pressure-sensitive materials and a variety of labeling and packaging products, has faced headwinds that have pressured its stock price over the past year. Despite a robust track record and a diverse product portfolio, Avery Dennison has not been immune to the broader market trends that have seen many stocks retreat from their highs. The company maintains strong fundamentals with a solid dividend history spanning 54 consecutive years and a current yield of 1.82%. Over the past year, the stock has seen a decline of 8.66%, reflecting investor concerns about factors such as rising material costs, supply chain disruptions, and a potentially cooling global economy. As the company navigates through these challenges, investors are closely monitoring its performance for signs of a turnaround, with analysts maintaining a positive outlook on future profitability.
In other recent news, Avery Dennison Corporation reported Q4 earnings and revenues that marginally missed analyst expectations. The company posted adjusted earnings per share of $2.38, slightly below the consensus estimate of $2.39. Revenues were reported at $2.18 billion, a tad under the anticipated $2.2 billion. Despite this, Avery Dennison saw a year-over-year organic sales growth of 3.3% in the fourth quarter. The company also revealed an optimistic outlook for fiscal 2025, with expected full-year adjusted earnings per share ranging from $9.80 to $10.20, surpassing the current analyst consensus of $9.44. For the full year 2024, the company reported an adjusted EPS of $9.43, up 19% YoY, and net sales increase of 4.7% to $8.8 billion. In addition, Avery Dennison returned $525 million to shareholders in 2024 through dividends and share repurchases. These recent developments reflect the company’s financial performance and future expectations.
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