Stanley Black & Decker (SWK) to Release Earnings on Friday

Stanley Black & Decker (NYSE:SWK) is set to issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Stanley Black & Decker has set its FY 2024 guidance at 3.500-4.500 EPS and its FY24 guidance at $3.50-4.50 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. Stanley Black & Decker’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) earnings per share. On average, analysts expect Stanley Black & Decker to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Stanley Black & Decker Stock Down 0.5 %

SWK opened at $90.27 on Thursday. The business’s fifty day moving average is $91.53 and its two-hundred day moving average is $90.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. The company has a market cap of $13.88 billion, a price-to-earnings ratio of -43.40, a PEG ratio of 2.41 and a beta of 1.34. Stanley Black & Decker has a one year low of $73.87 and a one year high of $104.21.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a $0.81 dividend. The ex-dividend date was Thursday, March 7th. This represents a $3.24 annualized dividend and a dividend yield of 3.59%. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

Analyst Ratings Changes

Several analysts have recently issued reports on SWK shares. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Robert W. Baird reduced their price objective 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. Barclays upped their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. dropped their target price on 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $98.11.

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.