Stanley Black & Decker, Inc. (NYSE:SWK) Expected to Announce Earnings of $2.16 Per Share

Wall Street brokerages expect that Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) will post $2.16 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Stanley Black & Decker’s earnings, with the lowest EPS estimate coming in at $2.09 and the highest estimate coming in at $2.23. Stanley Black & Decker posted earnings of $3.08 per share in the same quarter last year, which would suggest a negative year over year growth rate of 29.9%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Stanley Black & Decker will report full year earnings of $10.04 per share for the current fiscal year, with EPS estimates ranging from $9.85 to $10.25. For the next financial year, analysts forecast that the business will report earnings of $11.37 per share, with EPS estimates ranging from $10.73 to $11.91. Zacks’ earnings per share averages are an average based on a survey of 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.40. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.62 billion. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.07%. Stanley Black & Decker’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.13 EPS.

Several analysts recently commented on the company. Credit Suisse Group assumed coverage on Stanley Black & Decker in a research note on Tuesday, April 5th. They issued an “outperform” rating and a $165.00 price target on the stock. Morgan Stanley decreased their price target on Stanley Black & Decker from $195.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. StockNews.com lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Monday. The Goldman Sachs Group reduced their price objective on Stanley Black & Decker from $184.00 to $160.00 and set a “neutral” rating on the stock in a research note on Thursday, April 7th. Finally, Barclays reduced their price objective on Stanley Black & Decker from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, April 4th. Three investment 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. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $170.69.

Shares of SWK stock opened at $126.24 on Wednesday. The stock’s fifty day simple moving average is $144.66 and its 200 day simple moving average is $169.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.89 and a quick ratio of 0.32. The firm has a market cap of $20.63 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.21 and a beta of 1.37. Stanley Black & Decker has a one year low of $118.90 and a one year high of $225.00.

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

In other Stanley Black & Decker news, 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 value of $511,611.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stephen Subasic sold 6,611 shares of the business’s 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 disclosure for this sale can be found here. 0.93% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth about $25,000. Clearstead Advisors LLC boosted its position in shares of Stanley Black & Decker by 1,023.1% during the third quarter. Clearstead Advisors LLC now owns 146 shares of the industrial products company’s stock worth $26,000 after buying an additional 133 shares during the period. Riverview Trust Co acquired a new position in shares of Stanley Black & Decker during the first quarter worth about $26,000. Okabena Investment Services Inc. acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth about $28,000. Finally, Bank of New Hampshire acquired a new position in shares of Stanley Black & Decker during the first quarter worth about $29,000. 88.60% of the stock is owned by 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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