JPMorgan Upgrades Avery Dennison (AVY) to Overweight

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Avery Dennison Announces Third Quarter 2016 Results

October 26, 2016 6:45 AM EDT

3Q16 Reported EPS of $0.98 Adjusted EPS (non-GAAP) of $1.01 3Q16 Net sales increased approx. 3 percent to $1.51 billion Organic sales growth (non-GAAP) of approx. 3 percent Repurchased 2.7 million shares (1 mil. net of dilution) and paid $106 million in dividends in the first nine months of 2016 Raised FY16 guidance midpoint for Reported and Adjusted (non-GAAP) EPS by $0.10, due in part to lower tax rate vs. previous expectation

GLENDALE, Calif.--(BUSINESS WIRE)-- Avery Dennison... More