Analysts Expect Stanley Black & Decker, Inc. (SWK) Will Announce Earnings of $1.86 Per Share
Analysts expect Stanley Black & Decker, Inc. (NYSE:SWK) to report $1.86 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Stanley Black & Decker’s earnings, with the highest EPS estimate coming in at $1.92 and the lowest estimate coming in at $1.82. Stanley Black & Decker posted earnings of $1.68 per share during the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, October 24th.
On average, analysts expect that Stanley Black & Decker will report full-year earnings of $7.28 per share for the current year, with EPS estimates ranging from $7.20 to $7.36. For the next financial year, analysts anticipate that the firm will report earnings of $8.11 per share, with EPS estimates ranging from $7.91 to $8.38. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the company earned $1.84 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year.
A number of analysts have recently issued reports on the company. BidaskClub cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Seaport Global Securities assumed coverage on Stanley Black & Decker in a research report on Friday, June 16th. They set a “buy” rating and a $160.00 price objective on the stock. Morgan Stanley restated an “equal weight” rating and set a $150.00 price objective (up from $148.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. Robert W. Baird restated a “hold” rating and set a $150.00 price objective on shares of Stanley Black & Decker in a research report on Monday, August 28th. Finally, Instinet boosted their price objective on Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $154.00.
In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 10,432 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total value of $1,566,364.80. Following the sale, the senior vice president now directly owns 25,810 shares in the company, valued at $3,875,371.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John H. Wyatt sold 6,956 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $147.96, for a total value of $1,029,209.76. Following the completion of the sale, the insider now owns 49,188 shares in the company, valued at $7,277,856.48. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.
A number of large investors have recently made changes to their positions in SWK. BlackRock Inc. grew its position in Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock valued at $1,388,216,000 after acquiring an additional 9,857,885 shares during the period. Fred Alger Management Inc. grew its position in Stanley Black & Decker by 275.0% in the second quarter. Fred Alger Management Inc. now owns 701,930 shares of the industrial products company’s stock valued at $98,783,000 after acquiring an additional 514,773 shares during the period. Cornerstone Investment Partners LLC grew its position in Stanley Black & Decker by 4,009.6% in the second quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock valued at $46,089,000 after acquiring an additional 319,528 shares during the period. Vanguard Group Inc. grew its position in Stanley Black & Decker by 2.6% in the second quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after acquiring an additional 287,124 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new position in Stanley Black & Decker in the second quarter worth $34,675,000. Hedge funds and other institutional investors own 83.61% of the company’s stock.
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Stanley Black & Decker (NYSE SWK) traded up 0.97% during mid-day trading on Friday, hitting $150.97. 683,965 shares of the stock were exchanged. The company has a 50-day moving average price of $142.02 and a 200-day moving average price of $138.44. Stanley Black & Decker has a one year low of $111.89 and a one year high of $152.43. The company has a market cap of $23.12 billion, a P/E ratio of 19.33 and a beta of 1.10.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.67%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is 32.31%.
About Stanley Black & Decker
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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