These Analysts Slash Their Forecasts On Avery Dennison After Q3 Results
These Analysts Slash Their Forecasts On Avery Dennison After Q3 Results
"In Intelligent Labels, we are delivering another year of strong growth and continue to see significant opportunity ahead. Adoption of our solutions in new categories is increasing, particularly in Food, as the value of our technology in helping address key industry challenges continues to resonate with customers," Stander added.Avery Dennison Corporation (NYSE:AVY) reported mixed results for the third quarter on Wednesday.
艾利丹尼森公司（紐交所：AVY）週三報告了第三季度的業績成果，呈現出褒貶不一的情況。
The company posted third-quarter adjusted earnings per share of $2.33, beating the street view of $2.32. Quarterly revenues of $2.18 billion missed the analyst consensus of $2.20 billion.
公司公佈第三季度調整後的每股收益爲2.33美元，超過了2.32美元的街道預期。季度營收達21.8億美元，低於分析師對22億美元的共識預期。
"We delivered a strong third quarter with strong earnings growth, above expectations, driven by higher volume and productivity gains," said Deon Stander, president and CEO. "Both our Materials and Solutions Groups delivered strong bottom-line growth."
公司總裁兼首席執行官迪恩・斯坦德（Deon Stander）表示：「我們在第三季度取得了強勁的業績增長，超出預期，受益於更高的成交量和生產率提升。」「我們的材料和解決方案集團均表現出強勁的底線增長。」
"In Intelligent Labels, we are delivering another year of strong growth and continue to see significant opportunity ahead. Adoption of our solutions in new categories is increasing, particularly in Food, as the value of our technology in helping address key industry challenges continues to resonate with customers," Stander added.
迪恩・斯坦德補充道：「在智能標籤方面，我們正經歷又一年的強勁增長，並且在未來看到巨大的機會。我們的解決方案在新的類別中得到了更多的採用，尤其是在食品領域，因爲我們的技術在幫助解決行業關鍵挑戰方面的價值持續得到客戶的認可。」
The company revised its guidance range for 2024 reported earnings per share from $8.75 – $8.95 to $8.75 – $8.90. Excluding an estimated 60 cents per share impact of restructuring charges and other items, the company raised its guidance range for 2024 for adjusted earnings per share from $9.30 – $9.50 to $9.35 – $9.50 (estimate: $9.43).
公司將2024年報告的每股收益指引範圍從8.75至8.95美元調整爲8.75至8.90美元。在不考慮估計的每股60美分的重組費用和其他項目影響的情況下，公司將2024年調整後每股收益指引範圍從9.30至9.50美元上調至9.35至9.50美元（估計：9.43美元）。
Avery Dennison shares fell 2.2% to close at $207.65 on Wednesday.
艾利丹尼森股票週三下跌2.2％，收於207.65美元。
These analysts made changes to their price targets on Avery Dennison following earnings announcement.
這些分析師根據業績公告調整了對艾利丹尼森的目標股價。
- JP Morgan analyst Jeffrey Zekauskas downgraded Avery Dennison from Overweight to Neutral and lowered the price target from $230 to $210.
- BMO Capital analyst John McNulty maintained Avery Dennison with an Outperform and slashed the price target from $252 to $247.
- 摩根大通分析師傑弗裏・採考斯卡斯（Jeffrey Zekauskas）將艾利丹尼森的評級從增持調降至中立，並將目標股價從230美元下調至210美元。
- BMO Capital 的分析師John McNulty認爲艾利丹尼森股票表現良好，將目標價從252美元下調至247美元。
Considering buying AVY stock? Here's what analysts think:
考慮購買AVY股票嗎？這是分析師的看法：
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譯文內容由第三人軟體翻譯。
