Stanley Black & Decker (SWK) Scheduled to Post Earnings on Thursday

Stanley Black & Decker (NYSE:SWK) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Stanley Black & Decker to post earnings of $0.53 per share for the quarter. Stanley Black & Decker has set its FY 2024 guidance at 3.500-4.500 EPS and its FY24 guidance at $3.50-4.50 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the prior year, the business earned ($0.10) EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts expect Stanley Black & Decker to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Stanley Black & Decker Stock Down 0.5 %

Shares of NYSE SWK opened at $90.27 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. Stanley Black & Decker has a 12 month low of $73.87 and a 12 month high of $104.21. The firm has a market capitalization of $13.88 billion, a PE ratio of -43.40, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34. The firm has a fifty day simple moving average of $91.53 and a two-hundred day simple moving average of $90.97.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a $0.81 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.59%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Barclays increased their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Robert W. Baird decreased their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.