Analyst Consensus ?
ConsensusBuy16 ratings
Bullish1381.3%
Neutral318.7%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Avery Dennison Corporation · AVY · FY2025 Q1 · Calendar Q2 2025
AVY: High-value growth offsets tariff uncertainty
Avery Dennison's Q1 analysis supports a constructive operating picture: high-value categories, margin expansion and emerging-market growth offset some macro and tariff pressure. The thesis remains conditional on apparel demand, input costs and Intelligent Label execution.
Reported Before market openNYSEConsumer Cyclical
$12.84B market cap
70quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.33
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $2.15B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.6%
Event window
SPY move
+1.5%
Same window
Abnormal move
-4.2%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
+5.8%
Up to 20 sessions
AVYSPY benchmark
Ask FN2 about AVY FY2025 Q1
Transcript, numbers and history already loaded
What drove AVY's -2.6% move after FY2025 Q1 earnings?What changed in AVY's guidance and outlook in FY2025 Q1?Give me the bull and bear case for AVY after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The analysis highlighted a $10 million reclassification of Intelligent Label sales to Materials, repayment of €500 million of debt that matured in March, and $331 million returned to shareholders in Q1 through repurchases and dividends.
Guidance delta
Guidance was maintained; management expected sequential earnings growth in Q2.
Key takeaways
- Adjusted EPS rose 4% year over year, with margin expansion in both Materials and Solutions.
- VESCOM and Intelligent Labels delivered double-digit organic growth.
- Tariff effects were expected to be low single digits, while apparel volumes could decline mid-single digits in Q2.
- The balance sheet supported debt reduction and continued shareholder returns.
Management priorities
- Continue the VESCOM rollout across retail partners.
- Scale Kroger and other grocery RFID pilots.
- Invest in Intelligent Labels and other high-value categories.
- Maintain disciplined capital allocation, including share repurchases and debt reduction.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$167.82Current
$175Low
$208.36Average
$250High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 10, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Jul 31, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 31, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 15, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 14, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Feb 6, 2026 |
| Argus Research | Buy | Hold | Upgrade | Oct 28, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Jul 15, 2025 |
| Barclays | Overweight | Overweight | Maintain | Apr 24, 2025 |
| Baird | Outperform | Outperform | Maintain | Apr 24, 2025 |
| Loop Capital | Buy | Buy | Maintain | Sep 21, 2023 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 2, 2021 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Mar 17, 2021 |
| Bank of America | Buy | Neutral | Upgrade | Sep 13, 2019 |
| Keybanc | Overweight | Downgrade | Apr 8, 2019 | |
| Topeka Capital | Buy | Hold | Upgrade | Dec 12, 2014 |
| Topeka | Buy | Hold | Upgrade | Dec 12, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $167.82. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | John Dunigan | $181 | $170.34 | +7.9% | Sep 28, 2026 |
| UBS | Joshua Spector | $225 | $171.18 | +34.1% | Jul 31, 2026 |
| Truist Financial | Analyst unavailable | $209 | $158.98 | +24.5% | Jul 15, 2026 |
| Argus Research | Analyst unavailable | $175 | $154.6 | +4.3% | Jun 4, 2026 |
| Truist Financial | Analyst unavailable | $221 | $163.74 | +31.7% | Apr 29, 2026 |
| Raymond James | Analyst unavailable | $192 | $172.12 | +14.4% | Apr 21, 2026 |
| UBS | Joshua Spector | $222 | $172.09 | +32.3% | Apr 10, 2026 |
| BMO Capital | Analyst unavailable | $224 | $192.88 | +33.5% | Feb 6, 2026 |
| UBS | Joshua Spector | $226 | $193.13 | +34.7% | Feb 5, 2026 |
| Truist Financial | Analyst unavailable | $234 | $180.54 | +39.4% | Jan 6, 2026 |
| Argus Research | Alexandra Yates | $200 | $180.52 | +19.2% | Oct 28, 2025 |
| BMO Capital | John McNulty | $210 | $185.31 | +25.1% | Oct 23, 2025 |
| UBS | Analyst unavailable | $218 | $179.04 | +29.9% | Oct 23, 2025 |
| Truist Financial | Analyst unavailable | $203 | $158.67 | +21.0% | Oct 13, 2025 |
| UBS | Analyst unavailable | $181 | $162.41 | +7.9% | Oct 6, 2025 |
| BMO Capital | Analyst unavailable | $216 | $170.75 | +28.7% | Apr 25, 2025 |
| Truist Financial | Michael Roxland | $210 | $174.83 | +25.1% | Apr 22, 2025 |
| BMO Capital | John McNulty | $226 | $183.34 | +34.7% | Feb 3, 2025 |
| Raymond James | Matt Roberts | $208 | $185.73 | +23.9% | Jan 31, 2025 |
| Robert W. Baird | Ghansham Panjabi | $220 | $185.73 | +31.1% | Jan 31, 2025 |
| BMO Capital | John McNulty | $247 | $204.01 | +47.2% | Oct 24, 2024 |
| Bank of America Securities | George Staphos | $250 | $214.93 | +49.0% | Oct 17, 2024 |
| BMO Capital | John McNulty | $252 | $212.76 | +50.2% | Sep 19, 2024 |
| UBS | Joshua Spector | $235 | $214.79 | +40.0% | Jul 25, 2024 |
| Truist Financial | Michael Roxland | $258 | $216.7 | +53.7% | Jul 24, 2024 |
| Robert W. Baird | Ghansham Panjabi | $250 | $226.92 | +49.0% | Jun 7, 2024 |
| Robert W. Baird | Ghansham Panjabi | $230 | $212.42 | +37.1% | Apr 25, 2024 |
| Truist Financial | Michael Roxland | $249 | $197.12 | +48.4% | Jan 12, 2024 |
| Truist Financial | Michael Roxland | $215 | $184.72 | +28.1% | Sep 5, 2023 |
| BMO Capital | Analyst unavailable | $233 | $181.2 | +38.8% | Feb 6, 2023 |
| Truist Financial | Analyst unavailable | $223 | $186.26 | +32.9% | Feb 3, 2023 |
| UBS | Analyst unavailable | $194 | $191.7 | +15.6% | Jan 11, 2023 |
| Raymond James | Joshua Wilson | $195 | $174.78 | +16.2% | Jul 25, 2022 |
| Raymond James | Analyst unavailable | $200 | $181.23 | +19.2% | Apr 28, 2022 |
| Raymond James | Analyst unavailable | $185 | $167.42 | +10.2% | Apr 25, 2022 |
| Bank of America Securities | George Staphos | $239 | $204.46 | +42.4% | Jul 6, 2021 |
Track every rating change on AVY the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAvery Dennison Corporation operates as a materials science and digital identification solutions company in the North America, Europe, the Middle East, North Africa, Asia, and Latin America. It offers pressure-sensitive label materials, which consist of papers, plastic films, and metal foils; performance tapes products, including mechanical fasteners, which are precision-extruded and injection-molded plastic devices; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, and Avery Dennison brands. The company provides graphics and reflective products that include films and other products for the architectural, commercial sign, digital printing, and other related market segments; durable cast and reflective films to the construction, automotive, and fleet transportation markets; sign shops, commercial printers, and designers for pressure-sensitive materials; reflective films for traffic and safety applications…
Historical context
All AVY earningsConsumer Cyclical peers this season
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| NKE NIKE, Inc. | FY2027 Q1 · Calendar Q4 2026 | +10.0% | -0.7% | Nike’s performance categories grow as resets weigh on FY27 outlook |
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| DRI Darden Restaurants, Inc. | FY2027 Q1 · Calendar Q3 2026 | 0.0% | -3.0% | Darden reaffirms FY2027 outlook as brands deliver mixed comp growth |
| AZO AutoZone, Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.6% | +3.3% | AutoZone pairs commercial momentum with an aggressive FY2027 expansion plan |
| LEN-B Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | — | Lennar: Efficiency Gains Offset Housing-Market Pressures |
| LEN Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | -4.1% | Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds |
Latest beats and misses
Who reports nextBeat on EPS
Get the AVY recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-09T00:03:27.736600+00:00
- Polygon adjusted daily market bars · 2026-10-10T08:40:43.155459+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-10T08:40:43.152709+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-10. For educational purposes only; not investment advice.