$2.16 EPS Expected for Stanley Black & Decker, Inc. (NYSE:SWK) This Quarter

Analysts predict that Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) will report earnings per share (EPS) of $2.16 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Stanley Black & Decker’s earnings, with estimates ranging from $2.09 to $2.23. Stanley Black & Decker posted earnings of $3.08 per share in the same quarter last year, which suggests a negative year over year growth rate of 29.9%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Stanley Black & Decker will report full year earnings of $10.04 per share for the current financial year, with EPS estimates ranging from $9.85 to $10.25. For the next fiscal year, analysts anticipate that the company will report earnings of $11.37 per share, with EPS estimates ranging from $10.73 to $11.91. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWKGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.40. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.07%. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.62 billion. During the same period in the previous year, the business earned $3.13 EPS. Stanley Black & Decker’s revenue for the quarter was up 6.0% on a year-over-year basis.

Several research firms have commented on SWK. Citigroup reduced their price objective on Stanley Black & Decker from $145.00 to $110.00 in a research note on Friday, April 29th. Barclays reduced their price objective on Stanley Black & Decker from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Credit Suisse Group began coverage on Stanley Black & Decker in a research note on Tuesday, April 5th. They set an “outperform” rating and a $165.00 price objective for the company. TheStreet cut Stanley Black & Decker from a “b-” rating to a “c+” rating in a research report on Wednesday, March 30th. Finally, The Goldman Sachs Group dropped their target price on Stanley Black & Decker from $184.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.69.

Stanley Black & Decker stock opened at $126.24 on Wednesday. Stanley Black & Decker has a fifty-two week low of $118.90 and a fifty-two week high of $225.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.89. The company has a market capitalization of $20.63 billion, a P/E ratio of 14.99, a PEG ratio of 1.21 and a beta of 1.37. The stock has a 50-day simple moving average of $144.66 and a 200-day simple moving average of $169.03.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Tuesday, June 7th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, June 6th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 37.53%.

In other Stanley Black & Decker news, SVP Stephen Subasic sold 6,611 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of $155.91, for a total transaction of $1,030,721.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jocelyn Belisle sold 3,244 shares of the stock in a transaction on Monday, March 7th. The shares were sold at an average price of $157.71, for a total value of $511,611.24. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. abrdn plc lifted its stake in shares of Stanley Black & Decker by 11.3% during the 1st quarter. abrdn plc now owns 820,645 shares of the industrial products company’s stock worth $115,210,000 after purchasing an additional 83,548 shares during the period. Benedict Financial Advisors Inc. raised its position in shares of Stanley Black & Decker by 3.5% in the 1st quarter. Benedict Financial Advisors Inc. now owns 10,137 shares of the industrial products company’s stock worth $1,417,000 after buying an additional 340 shares during the period. Mount Yale Investment Advisors LLC raised its position in shares of Stanley Black & Decker by 24.4% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 3,114 shares of the industrial products company’s stock worth $435,000 after buying an additional 610 shares during the period. WealthPLAN Partners LLC raised its position in shares of Stanley Black & Decker by 30.6% in the 1st quarter. WealthPLAN Partners LLC now owns 107,237 shares of the industrial products company’s stock worth $12,885,000 after buying an additional 25,142 shares during the period. Finally, Metis Global Partners LLC raised its position in shares of Stanley Black & Decker by 81.3% in the 1st quarter. Metis Global Partners LLC now owns 2,580 shares of the industrial products company’s stock worth $361,000 after buying an additional 1,157 shares during the period. 88.60% of the stock is currently owned by institutional investors.

About Stanley Black & Decker (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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Earnings History and Estimates for Stanley Black & Decker (NYSE:SWK)

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