Analysts Expect Stanley Black & Decker, Inc. (SWK) Will Announce Earnings of $1.35 Per Share

Wall Street brokerages expect that Stanley Black & Decker, Inc. (NYSE:SWK) will post $1.35 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Stanley Black & Decker’s earnings. The lowest EPS estimate is $1.31 and the highest is $1.38. Stanley Black & Decker reported earnings of $1.29 per share in the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The firm is expected to report its next earnings report before the market opens on Friday, April 20th.

On average, analysts expect that Stanley Black & Decker will report full-year earnings of $8.42 per share for the current year, with EPS estimates ranging from $8.35 to $8.46. For the next financial year, analysts forecast that the business will post earnings of $9.45 per share, with EPS estimates ranging from $9.20 to $9.66. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Stanley Black & Decker.

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Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.04. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.89%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the company earned $1.71 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year.



A number of analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Stanley Black & Decker in a report on Thursday, February 15th. They issued an “overweight” rating and a $184.00 price objective on the stock. Morgan Stanley set a $178.00 price objective on shares of Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, March 12th. JPMorgan Chase reiterated a “buy” rating and issued a $190.00 price objective on shares of Stanley Black & Decker in a report on Thursday, January 25th. Seaport Global Securities reiterated a “buy” rating and issued a $193.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, January 23rd. Finally, UBS assumed coverage on shares of Stanley Black & Decker in a report on Tuesday, January 23rd. They issued a “buy” rating and a $200.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $180.35.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,284 shares of Stanley Black & Decker stock in a transaction on Monday, March 5th. The shares were sold at an average price of $151.44, for a total transaction of $497,328.96. Following the completion of the transaction, the senior vice president now directly owns 20,367 shares of the company’s stock, valued at $3,084,378.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.69% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $119,000. SeaCrest Wealth Management LLC bought a new stake in Stanley Black & Decker during the fourth quarter worth about $123,000. Rowland & Co. Investment Counsel ADV bought a new stake in Stanley Black & Decker during the fourth quarter worth about $145,000. Resources Investment Advisors Inc. lifted its position in Stanley Black & Decker by 694.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,088 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 951 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in Stanley Black & Decker during the third quarter worth about $171,000. 83.95% of the stock is owned by institutional investors.

Shares of NYSE SWK traded up $1.94 during midday trading on Thursday, reaching $155.08. The company’s stock had a trading volume of 1,080,862 shares, compared to its average volume of 1,168,617. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 0.38. Stanley Black & Decker has a fifty-two week low of $130.04 and a fifty-two week high of $176.62. The company has a market capitalization of $23,403.38, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were given a dividend of $0.63 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 1.62%. Stanley Black & Decker’s dividend payout ratio (DPR) is 33.83%.

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Stanley Black & Decker Company Profile

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

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