Avery Dennison Reports Strong Q2 Earnings and Raised Outlook Despite Insider Selling Concerns
Avery Dennison (AVY) reported strong second-quarter results, with adjusted earnings of $2.89 per share exceeding the consensus estimate of $2.47. Revenue reached $2.46 billion, surpassing forecasts by over $150 million and growing year-over-year by 10.9%. The Materials Group drove much of this growth, increasing sales by 15.9% to approximately $1.80 billion. Despite the positive earnings report, concerns remain about potential customer destocking in the second half of the year, which could pressure volumes and slow momentum. Additionally, insider selling activity over the past six months has raised some investor concern, with senior executives reporting 24 sales but no purchases during that period. Analysts have responded positively to Avery Dennison’s performance, including JPMorgan, which upgraded its price target from $185 to $190 and maintained an 'overweight' rating. The company also raised full-year earnings guidance for 2026.
Tickers: $AVY
Topics: analyst upgrade earnings revenue growth