$4.58 billion in sales expected for Stanley Black & Decker, Inc. (NYSE: SWK) this quarter
Equity research analysts expect Stanley Black & Decker, Inc. (NYSE: SWK – Get Rating) to post sales of $4.58 billion in the current quarter, according to Zacks Investment Research. Five analysts have released earnings estimates for Stanley Black & Decker, with estimates ranging from $4.45 billion to $4.69 billion. Stanley Black & Decker posted sales of $4.20 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The company is expected to release its next results before the market opens on Monday, January 1.
On average, analysts expect Stanley Black & Decker to report annual sales of $19.52 billion for the current year, with estimates ranging from $19.11 billion to $19.95 billion. dollars. For the next fiscal year, analysts expect the company to post sales of $20.40 billion, with estimates ranging from $19.42 billion to $21.09 billion. Zacks Investment Research sales calculations are an average average based on a survey of research analysts who cover Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK – Get Rating) last released its quarterly results on Tuesday, February 1. The industrial products company reported earnings per share of $2.14 for the quarter, beating the Zacks consensus estimate of $2.06 by $0.08. Stanley Black & Decker had a net margin of 10.04% and a return on equity of 17.27%. The company posted revenue of $4.07 billion for the quarter, versus a consensus estimate of $4.46 billion. In the same quarter of the previous year, the company had earned earnings per share of $3.29. The company’s revenues increased by 1.6% compared to the same quarter last year.
SWK has been the subject of a number of recent research reports. Citigroup downgraded Stanley Black & Decker shares from a “buy” to a “sell” rating and lowered its price target for the stock from $215.00 to $145.00 in a research note from the Monday, February 7. Mizuho began covering Stanley Black & Decker shares in a research note on Thursday, December 16. They issued a “buy” rating and a target price of $222.00 on the stock. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating and set a target price of $198.00 on the stock in a Monday, Jan. 3 research note. TheStreet downgraded shares of Stanley Black & Decker from a “b-” rating to a “c+” rating in a Wednesday, March 30 research note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Stanley Black & Decker shares from $223.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday. . Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $181.58.
Separately, chief executive Jocelyn Belisle sold 3,244 shares of the company in a transaction dated Monday, March 7. The stock was sold at an average price of $157.71, for a total transaction of $511,611.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, SVP Stephen Subasic sold 6,611 shares of the company in a trade that took place on Friday, February 25. The shares were sold at an average price of $155.91, for a total value of $1,030,721.01. The disclosure of this sale can be found here. 0.93% of the shares are currently held by insiders.
Several institutional investors and hedge funds have recently changed their SWK holdings. Quent Capital LLC acquired a new position in Stanley Black & Decker during Q4 worth approximately $25,000. Clearstead Advisors LLC increased its position in Stanley Black & Decker by 1,023.1% in the third quarter. Clearstead Advisors LLC now owns 146 shares of the industrial products company worth $26,000 after acquiring 133 additional shares in the last quarter. Okabena Investment Services Inc. acquired a new position in Stanley Black & Decker during Q4 worth approximately $28,000. CVA Family Office LLC acquired a new position in Stanley Black & Decker during Q4 worth approximately $30,000. Finally, Retirement Planning Co of New England Inc. acquired a new position in Stanley Black & Decker during Q4 worth approximately $30,000. Institutional investors and hedge funds own 86.43% of the company’s shares.
SWK opened at $140.32 on Friday. Stanley Black & Decker has a fifty-two week low of $136.62 and a fifty-two week high of $225.00. The company has a debt ratio of 0.40, a current ratio of 0.97 and a quick ratio of 0.35. The company’s fifty-day moving average price is $151.65 and its two-hundred-day moving average price is $172.87. The company has a market capitalization of $22.93 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.28 and a beta of 1.37.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22. Shareholders of record on Tuesday, March 8 received a dividend of $0.79 per share. The ex-dividend date was Monday, March 7. This represents an annualized dividend of $3.16 and a yield of 2.25%. Stanley Black & Decker’s dividend payout ratio is currently 30.56%.
Stanley Black & Decker Company Profile (Get an assessment)
Stanley Black & Decker, Inc. operates in the tools, storage and industrial businesses in the United States, Canada, Rest of the Americas, France, Rest of Europe and Asia. Its Tools and Storage segment offers professional products, including professional-grade corded and cordless power tools and equipment, as well as pneumatic tools and fasteners; and consumer products, such as corded and cordless power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories and storage products.
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