Wall Street brokerages expect Stanley Black & Decker, Inc. (NYSE:SWK) to post $3.08 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Stanley Black & Decker’s earnings. The highest sales estimate is $3.17 billion and the lowest is $2.84 billion. Stanley Black & Decker posted sales of $2.81 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The business is expected to announce its next quarterly earnings results before the market opens on Friday, April 20th.
On average, analysts expect that Stanley Black & Decker will report full-year sales of $13.75 billion for the current year, with estimates ranging from $13.26 billion to $13.98 billion. For the next financial year, analysts expect that the company will post sales of $14.46 billion per share, with estimates ranging from $13.79 billion to $14.81 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.04. Stanley Black & Decker had a return on equity of 15.89% and a net margin of 9.62%. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis.
NYSE:SWK opened at $151.86 on Friday. Stanley Black & Decker has a 1-year low of $130.04 and a 1-year high of $176.62. The company has a current ratio of 1.05, a quick ratio of 0.58 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $23,224.60, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.76 and a beta of 0.99.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Thursday, March 8th. Stanley Black & Decker’s dividend payout ratio is currently 33.83%.
In related news, SVP Joseph R. Voelker sold 3,284 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $151.44, for a total transaction of $497,328.96. Following the completion of the transaction, the senior vice president now directly owns 20,367 shares in the company, valued at $3,084,378.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.69% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Stanley Black & Decker by 1.5% during the fourth quarter. BlackRock Inc. now owns 10,065,546 shares of the industrial products company’s stock worth $1,708,022,000 after buying an additional 144,926 shares in the last quarter. Lombard Odier Asset Management Switzerland SA grew its holdings in shares of Stanley Black & Decker by 867.6% during the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 15,317 shares of the industrial products company’s stock worth $2,599,000 after buying an additional 13,734 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in shares of Stanley Black & Decker by 126.8% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,314 shares of the industrial products company’s stock worth $732,000 after buying an additional 2,412 shares in the last quarter. American International Group Inc. grew its holdings in shares of Stanley Black & Decker by 7.1% during the fourth quarter. American International Group Inc. now owns 73,116 shares of the industrial products company’s stock worth $12,407,000 after buying an additional 4,826 shares in the last quarter. Finally, Jafra Capital Management LP bought a new position in shares of Stanley Black & Decker during the fourth quarter worth about $1,753,000. Institutional investors and hedge funds own 84.02% of the company’s stock.
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Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
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