Stanley Black & Decker (SWK) Set to Announce Earnings on Thursday

Stanley Black & Decker (NYSE:SWK - Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Stanley Black & Decker has set its FY 2024 guidance at 3.500-4.500 EPS and its FY24 guidance at $3.50-4.50 EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the company posted ($0.10) earnings per share. Stanley Black & Decker's revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts expect Stanley Black & Decker to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Stanley Black & Decker Stock Performance

NYSE:SWK traded down $1.47 during trading hours on Thursday, reaching $88.80. The company had a trading volume of 2,399,203 shares, compared to its average volume of 1,298,462. Stanley Black & Decker has a 1-year low of $73.87 and a 1-year high of $104.21. The firm has a market cap of $13.66 billion, a PE ratio of -43.40, a price-to-earnings-growth ratio of 2.45 and a beta of 1.34. The business's 50 day moving average price is $91.53 and its 200-day moving average price is $90.97. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker's payout ratio is -155.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SWK. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating for the company in a research note on Tuesday, February 6th. Robert W. Baird reduced their target price on Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, April 18th. Barclays upped their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating for the company in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $98.11.

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.