Stanley Black & Decker (NYSE:SWK) will be posting its Q3 2019 quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Stanley Black & Decker to post earnings of $2.03 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.11. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.81 billion. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $2.57 EPS. On average, analysts expect Stanley Black & Decker to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.
NYSE SWK opened at $151.36 on Wednesday. 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 capitalization of $22.74 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 2.02 and a beta of 1.40. The company’s fifty day moving average is $142.52 and its two-hundred day moving average is $141.39. Stanley Black & Decker has a 52-week low of $106.41 and a 52-week high of $154.10.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a $0.69 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $2.76 annualized dividend and a yield of 1.82%. Stanley Black & Decker’s dividend payout ratio is 33.87%.
In other news, SVP Jaime A. Ramirez sold 9,850 shares of Stanley Black & Decker stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the sale, the senior vice president now directly owns 45,706 shares in the company, valued at approximately $6,903,434.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.03% of the stock is currently owned by insiders.
Several analysts have issued reports on the stock. KeyCorp upgraded shares of Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Wednesday, September 18th. Wells Fargo & Co restated a “buy” rating on shares of Stanley Black & Decker in a research report on Tuesday, October 15th. Zacks Investment Research lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating and set a $154.00 price target on the stock. in a research report on Monday, October 14th. ValuEngine lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Finally, Nomura raised their price target on shares of Stanley Black & Decker from $160.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. Stanley Black & Decker currently has a consensus rating of “Buy” and a consensus price target of $156.12.
About Stanley Black & Decker
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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