Stanley Black & Decker (NYSE:SWK) Releases FY 2024 Earnings Guidance

Stanley Black & Decker (NYSE:SWK) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.900-4.300 for the period, compared to the consensus earnings per share estimate of 4.200. The company issued revenue guidance of -.

Stanley Black & Decker Trading Down 1.0 %

SWK stock traded down $0.93 during midday trading on Thursday, reaching $92.94. 2,113,466 shares of the company’s stock traded hands, compared to its average volume of 1,413,201. The company has a market capitalization of $14.31 billion, a P/E ratio of -48.38, a PEG ratio of 2.71 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The business has a 50-day moving average price of $103.52 and a two-hundred day moving average price of $93.75.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. Equities research analysts forecast that Stanley Black & Decker will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.53%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -169.07%.

Analyst Ratings Changes

SWK has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. StockNews.com raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Monday. Finally, Wells Fargo & Company cut their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $102.29.

About Stanley Black & Decker

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.