Stanley Black & Decker (NYSE:SWK) Announces Earnings Results, Beats Expectations By $0.33 EPS

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Stanley Black & Decker (NYSE:SWK) issued its earnings results on Thursday. The industrial products company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.33, MarketWatch Earnings reports. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.13 billion. Stanley Black & Decker had a return on equity of 13.33% and a net margin of 5.88%. Stanley Black & Decker’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.66 earnings per share.

Shares of NYSE:SWK opened at $153.32 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $141.95 and a two-hundred day moving average of $133.11. The stock has a market cap of $23.63 billion, a P/E ratio of 21.56, a PEG ratio of 4.53 and a beta of 1.54. Stanley Black & Decker has a 52-week low of $70.00 and a 52-week high of $173.67.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.70 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.69. This represents a $2.80 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Monday, August 31st. Stanley Black & Decker’s dividend payout ratio is presently 32.86%.

A number of brokerages recently commented on SWK. Credit Suisse Group upped their target price on Stanley Black & Decker from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. TheStreet raised Stanley Black & Decker from a “c+” rating to a “b” rating in a report on Monday, July 27th. Nomura Instinet decreased their price target on Stanley Black & Decker from $145.00 to $131.00 and set a “buy” rating for the company in a report on Monday, May 4th. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a report on Tuesday, July 14th. Finally, UBS Group boosted their price target on Stanley Black & Decker from $136.00 to $170.00 and gave the company a “buy” rating in a report on Friday, June 26th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $158.06.

Stanley Black & Decker Company Profile

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

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