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

Stanley Black & Decker (NYSE:SWK) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.900-4.300 for the period, compared to the consensus earnings per share estimate of 4.150. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of analysts recently issued reports on SWK shares. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group boosted their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Barclays upped their target price 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. Finally, Morgan Stanley lowered their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Stock Down 0.7 %

SWK opened at $82.21 on Wednesday. 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 company has a market capitalization of $12.67 billion, a P/E ratio of -60.01, a P/E/G ratio of 2.24 and a beta of 1.23. Stanley Black & Decker has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The stock has a fifty day moving average of $93.09 and a 200-day moving average of $93.65.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the previous year, the company earned $1.05 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts expect that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date was Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

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.