$1.70 Earnings Per Share Expected for Stanley Black & Decker, Inc. (NYSE:SWK) This Quarter

Brokerages predict that Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) will post earnings per share (EPS) of $1.70 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Stanley Black & Decker’s earnings. The lowest EPS estimate is $1.65 and the highest is $1.73. Stanley Black & Decker reported earnings per share of $3.13 during the same quarter last year, which would suggest a negative year over year growth rate of 45.7%. The company is expected to report its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Stanley Black & Decker will report full-year earnings of $12.15 per share for the current financial year, with EPS estimates ranging from $11.81 to $12.28. For the next year, analysts anticipate that the firm will report earnings of $13.43 per share, with EPS estimates ranging from $12.69 to $13.75. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK – Get Rating) last posted its quarterly earnings data on Tuesday, February 1st. The industrial products company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.08. Stanley Black & Decker had a net margin of 10.04% and a return on equity of 17.27%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the company posted $3.29 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

A number of analysts have recently weighed in on the stock. StockNews.com started coverage on shares of Stanley Black & Decker in a research report on Thursday, March 31st. They set a “hold” rating for the company. The Goldman Sachs Group dropped their target price on shares of Stanley Black & Decker from $184.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, April 7th. Mizuho assumed coverage on shares of Stanley Black & Decker in a research report on Thursday, December 16th. They set a “buy” rating and a $222.00 price target on the stock. Bank of America decreased their price target on Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating for the company in a research note on Wednesday, March 9th. Finally, JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $237.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, March 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $185.00.

SWK stock opened at $140.28 on Wednesday. The stock’s 50 day moving average is $152.83 and its two-hundred day moving average is $173.32. Stanley Black & Decker has a 52-week low of $136.62 and a 52-week high of $225.00. The company has a market capitalization of $22.92 billion, a PE ratio of 13.57, a P/E/G ratio of 1.29 and a beta of 1.37. The company has a quick ratio of 0.35, a current ratio of 0.97 and a debt-to-equity ratio of 0.40.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Tuesday, March 8th were issued a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 7th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.25%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 30.56%.

In related news, SVP Stephen Subasic sold 6,611 shares of the stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $155.91, for a total value of $1,030,721.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jocelyn Belisle sold 3,244 shares of the business’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $157.71, for a total transaction of $511,611.24. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Quent Capital LLC bought a new stake in Stanley Black & Decker in the fourth quarter worth about $25,000. Clearstead Advisors LLC grew its stake in shares of Stanley Black & Decker by 1,023.1% in the 3rd quarter. Clearstead Advisors LLC now owns 146 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 133 shares during the last quarter. Okabena Investment Services Inc. bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth approximately $28,000. CVA Family Office LLC acquired a new stake in Stanley Black & Decker during the fourth quarter valued at approximately $30,000. Finally, Retirement Planning Co of New England Inc. acquired a new position in Stanley Black & Decker in the fourth quarter worth approximately $30,000. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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