Stanley Black & Decker (SWK) to report quarterly results on Tuesday
Stanley Black & Decker (NYSE: SWK) will report its results before the market opens on Tuesday, July 27. Analysts expect Stanley Black & Decker to post earnings of $ 2.84 per share for the quarter. Those wishing to register for the corporate earnings conference call can do so using this link.
Stanley Black & Decker (NYSE: SWK) last released its quarterly results on Tuesday, April 27. The industrials company reported EPS of $ 3.13 for the quarter, beating the consensus estimate of $ 2.56 by $ 0.57. The company posted revenue of $ 4.20 billion for the quarter, compared to $ 3.91 billion expected by analysts. Stanley Black & Decker had a net margin of 10.18% and a return on equity of 19.02%. Stanley Black & Decker’s revenue for the quarter increased 34.1% from the same quarter last year. During the same period of the previous year, the company made a profit of $ 1.20 per share. On average, analysts expect Stanley Black & Decker to post EPS of $ 11 for the current fiscal year and $ 12 for the next fiscal year.
Shares of SWK opened at $ 200.35 on Tuesday. The company has a leverage ratio of 0.43, a current ratio of 1.42, and a quick ratio of 0.74. Stanley Black & Decker has a one-year low of $ 148.88 and a one-year high of $ 225.00. The company has a 50-day moving average of $ 207.58. The stock has a market cap of $ 32.36 billion, a PE ratio of 20.40, a P / E / G ratio of 1.56 and a beta of 1.44.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 22. Shareholders of record on Tuesday, June 8 received a dividend of $ 0.70 per share. The ex-dividend date of this dividend was Monday June 7. This represents an annualized dividend of $ 2.80 and a return of 1.40%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 30.97%.
In other Stanley Black & Decker news, SVP Janet Link sold 7,446 shares in a trade on Monday, May 3. The stock was sold at an average price of $ 209.03, for a total transaction of $ 1,556,437.38. Following the closing of the transaction, the Senior Vice-President now directly owns 29,461 shares of the company, valued at $ 6,158,232.83. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, Executive Vice President Jaime A. Ramirez sold 8,315 shares in a trade on Tuesday, May 4. The stock was sold for an average price of $ 209.99, for a total value of $ 1,746,066.85. Following the sale, the Executive Vice President now owns 31,059 shares of the company, valued at approximately $ 6,522,079.41. Disclosure of this sale can be found here. Company insiders own 0.93% of the company’s shares.
Several equity research analysts have weighed in on SWK stocks recently. Morgan Stanley increased its price target for Stanley Black & Decker from $ 220.00 to $ 230.00 and rated the stock “overweight” in a report released Thursday, April 29. JPMorgan Chase & Co. raised its price target for Stanley Black & Decker from $ 200.00 to $ 206.00 and rated the stock “neutral” in a report released on Wednesday April 7th. Gabelli downgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report released Thursday, June 17th. G.Research changed Stanley Black & Decker from a “hold” note to a “buy” note in a Thursday, June 17th research note. Finally, Robert W. Baird reissued a “buy” note on Stanley Black & Decker shares in a research note on Tuesday, May 18. Four investment analysts gave the stock a conservation rating and eight gave the company’s stock a buy rating. The stock currently has an average rating of “Buy” and a consensus price target of $ 216.60.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc. engages in tools and storage, industrial and safety businesses around the world. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional-grade corded and cordless power tools and equipment, and pneumatic tools and fasteners; and consumer products including corded and cordless power tools primarily under the BLACK + DECKER brand, as well as lawn and garden products and related accessories, and home products.
Further Reading: What is the FTSE 100 Index?
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: Stock symbols, CUSIP and other stock identifiers
7 lithium stocks that will fuel the electric vehicle boom
The demand for lithium is expected to increase exponentially in the coming years. In fact, according to Statista, demand for lithium could very well double to 820,000 tonnes by then. Part of that demand will come from the companies that make the batteries we use every day. For example, lithium is an essential component of the batteries that power our mobile devices.
But the real growth will come as the United States invests in electric vehicles (EVs). The Biden administration recently announced its intention to convert the US government’s fleet of more than 600,000 vehicles to electric vehicles.
And as you know, electric vehicle stocks are in a kind of bubble right now. This is in part due to the growing number of companies that went public in the last year. However, as investors are starting to realize, not all of these companies will be the next Tesla. In fact, some of these companies might never succeed in bringing an EV to market, at least not on the scale required.
Those who make it will need lithium and a lot of lithium. To help you sift through the best lithium stocks to buy, we’ve put together this special overview.
Check out the “7 Lithium Stocks That Will Power The Electric Vehicle Boom”.