Brokerages expect that Stanley Black & Decker, Inc. (NYSE:SWK) will announce earnings per share (EPS) of $2.03 for the current quarter, according to Zacks. Seven analysts have made estimates for Stanley Black & Decker’s earnings, with the lowest EPS estimate coming in at $2.00 and the highest estimate coming in at $2.10. Stanley Black & Decker posted earnings of $2.08 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 2.4%. The firm is scheduled to issue its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Stanley Black & Decker will report full year earnings of $8.60 per share for the current financial year, with EPS estimates ranging from $8.50 to $8.70. For the next year, analysts expect that the company will report earnings of $9.40 per share, with EPS estimates ranging from $9.05 to $9.86. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.11. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the firm posted $2.57 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year.

SWK has been the topic of several recent analyst reports. Gabelli downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Buckingham Research raised their target price on Stanley Black & Decker from $154.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Zelman & Associates raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Friday, June 14th. Finally, Nomura upped their price target on Stanley Black & Decker from $160.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $157.06.

Stanley Black & Decker stock traded down $0.28 during midday trading on Friday, reaching $147.17. The stock had a trading volume of 1,314,510 shares, compared to its average volume of 1,217,764. Stanley Black & Decker has a twelve month low of $106.41 and a twelve month high of $155.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.44. The firm has a market cap of $21.72 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.91 and a beta of 1.39. The firm’s fifty day simple moving average is $138.38 and its two-hundred day simple moving average is $139.39.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.69 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.76 dividend on an annualized basis and a yield of 1.88%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 33.87%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 9,850 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $151.04, for a total value of $1,487,744.00. Following the transaction, the senior vice president now owns 45,706 shares in the company, valued at $6,903,434.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.03% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Westpac Banking Corp grew its holdings in Stanley Black & Decker by 40.6% during the second quarter. Westpac Banking Corp now owns 15,143 shares of the industrial products company’s stock valued at $2,190,000 after purchasing an additional 4,370 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Northern Trust Corp now owns 1,712,882 shares of the industrial products company’s stock worth $233,244,000 after buying an additional 12,223 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Stanley Black & Decker by 2.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 679,205 shares of the industrial products company’s stock valued at $98,220,000 after buying an additional 18,035 shares during the last quarter. Brasada Capital Management LP grew its stake in Stanley Black & Decker by 25.0% in the 2nd quarter. Brasada Capital Management LP now owns 2,500 shares of the industrial products company’s stock valued at $362,000 after buying an additional 500 shares during the last quarter. Finally, King Luther Capital Management Corp raised its holdings in Stanley Black & Decker by 3.1% in the 1st quarter. King Luther Capital Management Corp now owns 89,099 shares of the industrial products company’s stock worth $12,133,000 after acquiring an additional 2,665 shares during the period. 85.59% of the stock is owned by institutional investors.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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