Stanley Black & Decker (SWK) Scheduled to Post Quarterly Earnings on Wednesday
Stanley Black & Decker (NYSE:SWK) is scheduled to be issuing its Q313 quarterly earnings data on Wednesday, October 16th. Analysts expect the company to announce earnings of $1.39 per share and revenue of $2.81 million for the quarter. Stanley Black & Decker has set its FY13 guidance at $5.40-5.65 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, July 26th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.01. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company posted $1.32 earnings per share. Stanley Black & Decker’s revenue was up 11.8% compared to the same quarter last year. On average, analysts expect Stanley Black & Decker to post $5.44 EPS for the current fiscal year and $6.33 EPS for the next fiscal year.
Shares of Stanley Black & Decker (NYSE:SWK) opened at 91.58 on Tuesday. Stanley Black & Decker has a 52 week low of $66.18 and a 52 week high of $92.76. The stock has a 50-day moving average of $89.0 and a 200-day moving average of $82.65. The company has a market cap of $14.660 billion and a P/E ratio of 16.88.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Friday, December 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, December 4th.
A number of research firms have recently commented on SWK. Analysts at Longbow Research upgraded shares of Stanley Black & Decker from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 1st. They now have a $110.00 price target on the stock. On a related note, analysts at Imperial Capital raised their price target on shares of Stanley Black & Decker from $87.00 to $93.00 in a research note to investors on Monday, September 30th. They now have an “in-line” rating on the stock. Finally, analysts at Gabelli initiated coverage on shares of Stanley Black & Decker in a research note to investors on Wednesday, September 25th. They set a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Stanley Black & Decker has an average rating of “Hold” and an average price target of $90.40.
Stanley Black & Decker Inc is a diversified global provider of power and hand tools, mechanical access solutions (NYSE:SWK), electronic security and monitoring systems and products and services for various industrial applications.
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