Avery Dennison rises after upbeat annual profit forecast
AVY•Shares rise after profit outlook tops expectations
Shares of Avery Dennison AVY.N rose about 10% to $183 in premarket trading after the labeling firm forecast annual profit above Wall Street expectations, helped by higher prices, cost-saving measures and strong demand in its materials business.
The company expects fiscal 2026 adjusted profit per share of $10 to $10.30, with the midpoint slightly above an estimated $10.02.
Avery Dennison reported adjusted profit per share of $2.89, beating analysts' average expectation of $2.47.
The median price target of 13 brokerages covering the stock is $204.50, according to data compiled by LSEG.
As of the last close, the stock was down about 8% year to date.
