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AVY

Avery Dennison Corporation

5/22/2013, 4:48 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, April 24, 8:33 AM Avery Dennison (AVY): Q1 EPS of $0.59 beats by $0.01. Revenue of $1.50B (+4% Y/Y) misses by $0.03B. (PR) Comment! [Earnings, Breaking News, Consumer]
Wednesday, April 24, 12:05 AM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Tuesday, April 23, 5:30 PM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Wednesday, January 30, 9:10 AM Premarket gainers: BIOC +20%. CPNO +18%. MGAM +15%. AVY +11%. CHK +11%. AMZN +9%. UIS +8%. ISIS +8%. GEVO +5%.
Losers: GOL -6%. WBSN -5%. 1 Comment [On the Move]
Wednesday, January 30, 8:03 AM Avery Dennison (AVY) agrees to sell its Office & Consumer Products and Designed & Engineered Solutions businesses to Canadian customer CCL Industries for $500M. The deal is part of Avery's strategy to focus on its Pressure-sensitive Materials and Retail Branding & Information Solutions operations. Avery plans to use the cash to repurchase shares and make an additional pension contribution. (See Avery's earnings) (PR) Comment! [M&A, Breaking News, Consumer]
Wednesday, January 30, 7:41 AM Avery Dennison (AVY): Q4 EPS of $0.54 beats by $0.05. Revenue of $1.53B (+5% Y/Y) beats by $0.06B. (PR) Comment! [Earnings, Breaking News, Consumer]
Wednesday, January 23, 8:09 AM Avery Dennison Corporation (AVY) declares $0.27/share quarterly dividend, in line with previous. Forward yield 3.02%. For shareholders of record Mar. 06. Payable Mar. 20. Ex-div date Mar. 04. (PR) Comment! [Dividends]
Thursday, October 25, 2012, 12:09 PM Avery Dennison (AVY) declares $0.27/share quarterly dividend, in line with previous. Forward yield 3.33%. For shareholders of record Dec 05. Payable Dec 19. Ex-div date Dec 03. (PR) Comment! [Dividends]
Wednesday, October 24, 2012, 8:34 AM Avery Dennison (AVY): Q3 EPS of $0.53 beats by $0.08. Revenue of $1.49B (-1% Y/Y) beats by $10M. (PR) Comment! [Earnings]
Wednesday, October 3, 2012, 5:03 PM 3M (MMM) has terminated its deal to purchase Avery Dennison's (AVY) Office and Consumer Products business. Commenting on the news, Jesse Singh, MMM's VP and GM of Stationery and Office Supplies says “While we are disappointed with this turn of events, we remain focused, as always, on investing in product innovation and providing our customers with a broad range of premier products.” AVY -3.3%, MMM -0.3%. Comment! [On the Move]
Wednesday, September 19, 2012, 9:28 AM 3M (MMM) is working to overcome the DOJ's antitrust concerns about the company's proposed $550M purchase of the office products unit of Avery-Dennison (AVY), 3M CFO David Meline tells investors. Earlier this month, the DOJ threatened to go to court to block the acquisition. 1 Comment [M&A]
Wednesday, September 5, 2012, 10:45 AM Conflicting with earlier statements by both companies, the DOJ says 3M (MMM +0.1%) has in fact abandoned its planned acquisition of Avery Dennison's (AVY -0.7%) office and consumer-products business after the Feds promised to aggressively follow through on their antitrust lawsuit. The agency asserted that the deal would have harmed competition in the sale of labels and sticky notes. Company representatives have not yet released any official confirmation. 1 Comment [M&A]
Wednesday, September 5, 2012, 8:57 AM 3M (MMM) said late yesterday that it's not abandoning its $550M acquisition of Avery Dennison's (AVY) office products unit after the DOJ said earlier that the companies were dropping the deal due to threats of litigation from antitrust authorities. 3M said the firms are studying how to address the DOJ's concerns, which consist of lower competition in the market for labels and sticky notes. Comment! [M&A, Consumer]
Tuesday, September 4, 2012, 4:03 PM The DOJ is seeking to block 3M's (MMM -1%) $550M takeover of Avery Dennison’s (AVY -5.2%) office-products unit, threatening a lawsuit if it doesn't abandon the transaction. The agency is ready to move to block the merger as soon as the end of this week. As it stands, the deal - which was announced over eight months ago - would combine the two largest label makers in the world. Comment! [On the Move, M&A]
Tuesday, August 28, 2012, 3:52 PM The smart money is selling some upwardly mobile industrial names right now, says Seeking Alpha contributor Kapitall. The firm screened for industrial stocks trading near their highs that were impacted by significant net institutional sales over the last quarter of at least 5% of their share float. Those Kapitall anticipates to underperform over the near term include: Avery Dennison (AVY +0.2%), Emerson Electric (EMR +0.2%), Honeywell (HON +0.4%), Lockheed Martin (LMT +0.3%), Northrop Grumman (NOC -0.2%) and Snap-on (SNA -0.1%). Comment!
Friday, August 17, 2012, 12:21 PM The drought may prove a boon for the chemical sector, Credit Suisse says, as propane demand for crop drying likely will be severely impacted; combined with expected high supply, the firm sees soft propane pricing. This would weigh on ethane prices, helping producers like LYB, DOW and WLK maintain profits despite the effect of weaker commodity chemical prices on top-line results. Comment! [Commodities, Quick Ideas]