Stanley Black & Decker, Inc. (NYSE:SWK) Expected to Announce Earnings of $2.02 Per Share

Brokerages expect Stanley Black & Decker, Inc. (NYSE:SWK) to post $2.02 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Stanley Black & Decker’s earnings. The lowest EPS estimate is $2.00 and the highest is $2.05. Stanley Black & Decker posted earnings per share of $2.08 during the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The business is expected to announce its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Stanley Black & Decker will report full-year earnings of $8.61 per share for the current year, with EPS estimates ranging from $8.55 to $8.70. For the next year, analysts forecast that the business will post earnings of $9.44 per share, with EPS estimates ranging from $9.16 to $9.86. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.11. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the company earned $2.57 EPS. Stanley Black & Decker’s revenue for the quarter was up 3.2% on a year-over-year basis.



SWK has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on Stanley Black & Decker from $161.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Nomura increased their target price on Stanley Black & Decker from $160.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Robert W. Baird set a $158.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, April 22nd. Gabelli downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Barclays increased their target price on Stanley Black & Decker from $145.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $157.06.

In related news, SVP Jaime A. Ramirez sold 9,850 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the completion of the sale, the senior vice president now owns 45,706 shares of the company’s stock, valued at $6,903,434.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $136.94, for a total value of $136,940.00. Following the sale, the senior vice president now directly owns 38,356 shares of the company’s stock, valued at approximately $5,252,470.64. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Destination Wealth Management lifted its holdings in shares of Stanley Black & Decker by 319.1% in the first quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Stanley Black & Decker in the first quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $36,000. Rational Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 4,116.7% in the first quarter. Rational Advisors LLC now owns 253 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 247 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its holdings in shares of Stanley Black & Decker by 412.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 206 shares in the last quarter. 86.28% of the stock is owned by institutional investors and hedge funds.

Shares of SWK stock traded down $5.58 on Wednesday, hitting $131.82. 397,588 shares of the company’s stock were exchanged, compared to its average volume of 1,243,148. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.95. Stanley Black & Decker has a 12 month low of $106.41 and a 12 month high of $155.22. The company has a market capitalization of $20.38 billion, a PE ratio of 16.17, a P/E/G ratio of 1.79 and a beta of 1.36. The stock’s 50 day moving average is $144.14.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.69 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, August 30th. This represents a $2.76 annualized dividend and a dividend yield of 2.09%. Stanley Black & Decker’s dividend payout ratio is presently 32.39%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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