Stanley Black & Decker (NYSE:SWK) Issues Earnings Results

Stanley Black & Decker (NYSE:SWK) issued its quarterly earnings results on Thursday. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01, Briefing.com reports. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the business posted ($0.41) EPS. Stanley Black & Decker’s quarterly revenue was down 1.6% compared to the same quarter last year. Stanley Black & Decker updated its FY24 guidance to $3.50-4.50 EPS.

Stanley Black & Decker Trading Up 1.0 %

NYSE SWK traded up $0.81 during trading on Friday, hitting $85.80. The company had a trading volume of 3,145,797 shares, compared to its average volume of 1,691,942. The company’s fifty day moving average is $91.64 and its 200-day moving average is $91.23. Stanley Black & Decker has a one year low of $73.87 and a one year high of $104.21. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.20 billion, a price-to-earnings ratio of -124.35, a price-to-earnings-growth ratio of 2.29 and a beta of 1.33.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.78%. The ex-dividend date is Friday, May 31st. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -469.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Finally, Barclays lowered their target price on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.00.

Stanley Black & Decker Company Profile

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.