Analysts Expect Stanley Black & Decker, Inc. (NYSE:SWK) to Announce $1.27 EPS

Brokerages expect Stanley Black & Decker, Inc. (NYSE:SWK) to report earnings per share of $1.27 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Stanley Black & Decker’s earnings. The highest EPS estimate is $1.32 and the lowest is $1.25. Stanley Black & Decker reported earnings of $1.42 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.6%. The business is expected to report its next quarterly earnings results on Wednesday, April 22nd.

According to Zacks, analysts expect that Stanley Black & Decker will report full-year earnings of $8.93 per share for the current year, with EPS estimates ranging from $8.82 to $9.05. For the next fiscal year, analysts expect that the firm will report earnings of $9.71 per share, with EPS estimates ranging from $9.48 to $10.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.02. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Stanley Black & Decker had a net margin of 6.62% and a return on equity of 16.15%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 EPS.

SWK has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Stanley Black & Decker from $171.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Robert W. Baird reiterated a “buy” rating and set a $185.00 price target on shares of Stanley Black & Decker in a research report on Thursday. Wolfe Research set a $160.00 price target on shares of Stanley Black & Decker and gave the stock a “hold” rating in a research report on Friday, October 25th. Bank of America upgraded shares of Stanley Black & Decker from an “underperform” rating to a “buy” rating and set a $182.00 price target for the company in a research report on Thursday, November 14th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $169.47.

In related news, SVP Jaime A. Ramirez sold 16,108 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $158.93, for a total transaction of $2,560,044.44. Following the transaction, the senior vice president now owns 50,856 shares of the company’s stock, valued at approximately $8,082,544.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jocelyn Belisle sold 206 shares of Stanley Black & Decker stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $158.72, for a total transaction of $32,696.32. Following the transaction, the chief accounting officer now directly owns 12,329 shares in the company, valued at approximately $1,956,858.88. The disclosure for this sale can be found here. Insiders have sold a total of 17,647 shares of company stock worth $2,803,661 in the last three months. 1.03% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in SWK. Amundi Pioneer Asset Management Inc. boosted its stake in Stanley Black & Decker by 55.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,086,092 shares of the industrial products company’s stock worth $511,488,000 after acquiring an additional 1,100,720 shares during the last quarter. Coho Partners Ltd. bought a new position in Stanley Black & Decker during the 3rd quarter worth approximately $92,641,000. Stifel Financial Corp boosted its stake in Stanley Black & Decker by 78.0% during the 4th quarter. Stifel Financial Corp now owns 998,550 shares of the industrial products company’s stock worth $164,815,000 after acquiring an additional 437,655 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Stanley Black & Decker by 31.2% during the 4th quarter. Pictet Asset Management Ltd. now owns 1,366,349 shares of the industrial products company’s stock worth $226,459,000 after acquiring an additional 325,101 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Stanley Black & Decker by 468.1% during the 3rd quarter. Millennium Management LLC now owns 390,805 shares of the industrial products company’s stock worth $56,436,000 after acquiring an additional 322,009 shares during the last quarter. 84.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:SWK opened at $166.97 on Wednesday. Stanley Black & Decker has a one year low of $126.37 and a one year high of $173.67. The company has a 50 day moving average of $166.25 and a 200-day moving average of $152.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.01 and a quick ratio of 0.50. The stock has a market cap of $25.52 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.13 and a beta of 1.43.

Stanley Black & Decker declared that its board has authorized a stock repurchase program on Thursday, October 24th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About Stanley Black & Decker

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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