Stanley Black & Decker, Inc. (SWK) Set to Announce Quarterly Earnings on Monday
Stanley Black & Decker, Inc. (NYSE:SWK) is scheduled to be releasing its earnings data before the market opens on Monday, July 24th. Analysts expect Stanley Black & Decker to post earnings of $1.96 per share for the quarter. Stanley Black & Decker has set its FY17 guidance at $7.08-7.28 EPS.
Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Friday, April 21st. The industrial products company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.10. Stanley Black & Decker had a return on equity of 15.47% and a net margin of 10.13%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect Stanley Black & Decker to post $7.22 EPS for the current fiscal year and $8.07 EPS for the next fiscal year.
Stanley Black & Decker, Inc. (SWK) opened at 146.24 on Monday. The firm has a 50-day moving average price of $138.88 and a 200-day moving average price of $129.82. The stock has a market cap of $22.37 billion, a P/E ratio of 18.67 and a beta of 1.10. Stanley Black & Decker, Inc. has a 52 week low of $111.89 and a 52 week high of $146.91.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Wednesday, June 7th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, June 5th. Stanley Black & Decker’s dividend payout ratio is 29.67%.
In related news, EVP Jeffrey D. Ansell sold 11,474 shares of the business’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $135.61, for a total value of $1,555,989.14. Following the completion of the sale, the executive vice president now directly owns 61,504 shares in the company, valued at $8,340,557.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jaime A. Ramirez sold 10,440 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following the completion of the sale, the senior vice president now owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.
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Several research firms have issued reports on SWK. FBR & Co reissued an “outperform” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Thursday. Wolfe Research began coverage on Stanley Black & Decker in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 price target on the stock. MKM Partners initiated coverage on Stanley Black & Decker in a research note on Friday, July 7th. They issued a “buy” rating and a $166.00 price target on the stock. Finally, BidaskClub raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Stanley Black & Decker has a consensus rating of “Buy” and a consensus price target of $152.58.
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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