Avery Dennison sees FY26 reported EPS of $9.40 to $9.70
Company expects FY26 adjusted EPS of $10.00 to $10.30
Company expects to build on current momentum for remainder of 2026
What drove the results
Materials Group growth - High single-digit volume/mix growth and low single-digit price increases in Materials Group drove segment sales up 15.9%, with both high-value and base categories contributing
Margin expansion - Margin gains were supported by higher volumes, productivity improvements, and net benefit from pricing and raw material costs, partly offset by mix and higher employee-related costs
Productivity initiatives - Productivity improvements contributed to margin expansion in both Materials and Solutions Groups, partially offset by higher employee-related costs
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-paper containers & packaging peer group is "buy"
Wall Street's median 12-month price target for Avery Dennison Corp is $204.50, about 22.4% above its July 29 closing price of $167.14
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago
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