Stanley Black & Decker (NYSE:SWK) Releases FY 2024 Earnings Guidance

Stanley Black & Decker (NYSE:SWK) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 3.500-4.500 for the period, compared to the consensus estimate of 4.150. The company issued revenue guidance of -.

Analyst Ratings Changes

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

Stanley Black & Decker Trading Up 1.0 %

Shares of SWK traded up $0.81 on Friday, reaching $85.80. 3,145,700 shares of the company’s stock were exchanged, compared to its average volume of 1,423,358. The business has a 50 day moving average price of $91.64 and a two-hundred day moving average price of $91.23. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $13.20 billion, a P/E ratio of -41.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.33. Stanley Black & Decker has a 12 month low of $73.87 and a 12 month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 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 revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.41) earnings per share. Research analysts anticipate that Stanley Black & Decker will post 4.13 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 annualized dividend and a yield of 3.78%. Stanley Black & Decker’s dividend payout ratio is presently -155.77%.

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.