Stanley Black & Decker (NYSE:SWK) Updates FY 2024 Earnings Guidance

Stanley Black & Decker (NYSE:SWK) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.900-4.300 for the period, compared to the consensus estimate of 4.200. The company issued revenue guidance of -.

Stanley Black & Decker Stock Up 1.2 %

Stanley Black & Decker stock opened at $94.01 on Friday. Stanley Black & Decker has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The business has a 50-day moving average of $103.42 and a 200-day moving average of $93.75.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the business earned $1.05 EPS. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.49%. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays increased their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group raised their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday. StockNews.com upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Robert W. Baird dropped their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.29.

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.