Equities research analysts expect Stanley Black & Decker, Inc. (NYSE:SWK) to announce earnings per share of $2.03 for the current quarter, Zacks reports. Eight analysts have made estimates for Stanley Black & Decker’s earnings, with the highest EPS estimate coming in at $2.04 and the lowest estimate coming in at $2.00. Stanley Black & Decker reported earnings per share of $1.95 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The business is expected to announce its next earnings results on Tuesday, October 23rd.

On average, analysts expect that Stanley Black & Decker will report full year earnings of $8.39 per share for the current fiscal year, with EPS estimates ranging from $8.25 to $8.46. For the next financial year, analysts forecast that the business will report earnings of $9.38 per share, with EPS estimates ranging from $9.15 to $9.65. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Stanley Black & Decker.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the firm earned $0.58 EPS. The business’s revenue was up 10.9% on a year-over-year basis.

A number of brokerages have weighed in on SWK. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Monday, July 16th. ValuEngine downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Barclays reduced their price objective on shares of Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Robert W. Baird reaffirmed a “neutral” rating on shares of Stanley Black & Decker in a report on Friday, July 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Stanley Black & Decker from $172.00 to $176.00 and gave the stock a “$138.69” rating in a report on Monday, July 23rd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $180.07.

Hedge funds and other institutional investors have recently modified their holdings of the company. Mount Yale Investment Advisors LLC bought a new position in shares of Stanley Black & Decker in the 1st quarter valued at about $117,000. Signaturefd LLC bought a new position in Stanley Black & Decker during the 1st quarter worth approximately $153,000. Dupont Capital Management Corp bought a new position in Stanley Black & Decker during the 1st quarter worth approximately $177,000. Intact Investment Management Inc. bought a new position in Stanley Black & Decker during the 2nd quarter worth approximately $213,000. Finally, Lido Advisors LLC bought a new position in Stanley Black & Decker during the 1st quarter worth approximately $214,000. 82.39% of the stock is currently owned by institutional investors.

Shares of Stanley Black & Decker stock opened at $137.11 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. Stanley Black & Decker has a fifty-two week low of $130.56 and a fifty-two week high of $176.62. The firm has a market capitalization of $21.31 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.64 and a beta of 1.01.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, September 6th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.63. Stanley Black & Decker’s dividend payout ratio (DPR) is 33.83%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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