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

Stanley Black & Decker (NYSE:SWK) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.700-4.500 for the period, compared to the consensus EPS estimate of 3.980. The company issued revenue guidance of -.

Stanley Black & Decker Price Performance

Shares of SWK opened at $101.50 on Friday. Stanley Black & Decker has a 52-week low of $76.26 and a 52-week high of $108.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.40 and a current ratio of 1.27. The business’s 50 day moving average price is $86.00 and its two-hundred day moving average price is $89.36. The firm has a market cap of $15.63 billion, a PE ratio of -147.10, a price-to-earnings-growth ratio of 2.95 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.11) earnings per share. On average, equities analysts anticipate that Stanley Black & Decker will post 3.98 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $0.82 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is presently -469.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a buy rating in a research report on Wednesday. Barclays raised their target price on Stanley Black & Decker from $86.00 to $96.00 and gave the company an equal weight rating in a research report on Wednesday. Wells Fargo & Company raised their target price on Stanley Black & Decker from $85.00 to $110.00 and gave the company an equal weight rating in a research report on Wednesday. Robert W. Baird raised their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the company a neutral rating in a research report on Monday. Finally, The Goldman Sachs Group raised their target price on Stanley Black & Decker from $82.00 to $94.00 and gave the company a neutral rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $99.20.

Insider Activity at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the sale, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

About Stanley Black & Decker

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.