Stanley Black & Decker (SWK) Updates FY19 Earnings Guidance

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Stanley Black & Decker (NYSE:SWK) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $8.50-8.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.52. Stanley Black & Decker also updated its FY 2019 guidance to $8.50-8.70 EPS.

A number of brokerages have recently issued reports on SWK. Credit Suisse Group set a $155.00 target price on Stanley Black & Decker and gave the stock a buy rating in a report on Friday, January 11th. TheStreet lowered Stanley Black & Decker from a b- rating to a c+ rating in a research report on Tuesday, January 22nd. ValuEngine raised Stanley Black & Decker from a sell rating to a hold rating in a research report on Tuesday, January 29th. Deutsche Bank set a $137.00 price target on Stanley Black & Decker and gave the stock a buy rating in a research report on Wednesday, January 23rd. Finally, Wells Fargo & Co cut their target price on Stanley Black & Decker from $150.00 to $141.00 and set an outperform rating on the stock in a research report on Wednesday, January 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $155.63.

Shares of SWK stock traded down $2.50 on Thursday, hitting $143.47. 90,489 shares of the stock traded hands, compared to its average volume of 1,050,710. The company has a current ratio of 1.14, a quick ratio of 0.55 and a debt-to-equity ratio of 0.54. The firm has a market cap of $22.32 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.98 and a beta of 1.24. Stanley Black & Decker has a 1-year low of $106.41 and a 1-year high of $155.22.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.32. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.30 billion. Stanley Black & Decker had a return on equity of 16.73% and a net margin of 4.62%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. On average, research analysts forecast that Stanley Black & Decker will post 8.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 1.84%. Stanley Black & Decker’s payout ratio is currently 32.39%.

In related news, EVP Jeffrey D. Ansell sold 9,549 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $145.01, for a total transaction of $1,384,700.49. Following the completion of the transaction, the executive vice president now directly owns 42,213 shares in the company, valued at approximately $6,121,307.13. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jeffrey D. Ansell sold 9,527 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $139.80, for a total value of $1,331,874.60. Following the transaction, the executive vice president now owns 61,289 shares of the company’s stock, valued at $8,568,202.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,564 shares of company stock valued at $3,332,365. 1.03% of the stock is owned by company insiders.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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Earnings History and Estimates for Stanley Black & Decker (NYSE:SWK)

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