Zacks: Brokerages Anticipate Stanley Black & Decker, Inc. (SWK) Will Post Quarterly Sales of $3.60 Billion
Equities analysts expect Stanley Black & Decker, Inc. (NYSE:SWK) to post $3.60 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Stanley Black & Decker’s earnings, with the highest sales estimate coming in at $3.65 billion and the lowest estimate coming in at $3.55 billion. Stanley Black & Decker posted sales of $3.30 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The business is scheduled to report its next earnings results on Tuesday, October 23rd.
According to Zacks, analysts expect that Stanley Black & Decker will report full year sales of $14.21 billion for the current financial year, with estimates ranging from $14.06 billion to $14.38 billion. For the next financial year, analysts expect that the company will post sales of $15.10 billion per share, with estimates ranging from $14.69 billion to $15.43 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.03 by $0.54. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.48 billion. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group grew its position in Stanley Black & Decker by 51.4% in the 2nd quarter. Schroder Investment Management Group now owns 36,626 shares of the industrial products company’s stock valued at $4,919,000 after purchasing an additional 12,430 shares during the period. Advisors Asset Management Inc. lifted its stake in Stanley Black & Decker by 20.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 23,716 shares of the industrial products company’s stock valued at $3,150,000 after acquiring an additional 4,051 shares in the last quarter. Northstar Asset Management LLC bought a new position in Stanley Black & Decker during the 2nd quarter valued at $1,717,000. Paragon Capital Management Ltd bought a new position in Stanley Black & Decker during the 2nd quarter valued at $204,000. Finally, Sky Investment Group LLC lifted its stake in Stanley Black & Decker by 1.7% during the 2nd quarter. Sky Investment Group LLC now owns 31,358 shares of the industrial products company’s stock valued at $4,165,000 after acquiring an additional 515 shares in the last quarter. 83.70% of the stock is owned by institutional investors and hedge funds.
Shares of SWK stock traded down $0.51 during trading hours on Thursday, hitting $140.02. 1,311,313 shares of the company were exchanged, compared to its average volume of 1,284,662. The company has a market cap of $21.50 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.01. Stanley Black & Decker has a fifty-two week low of $130.56 and a fifty-two week high of $176.62. The company has a quick ratio of 0.51, a current ratio of 0.94 and a debt-to-equity ratio of 0.38.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Friday, September 7th will be given a $0.66 dividend. The ex-dividend date is Thursday, September 6th. This represents a $2.64 annualized dividend and a yield of 1.89%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.63. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 33.83%.
About Stanley Black & Decker
Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.
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