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

Stanley Black & Decker (NYSE:SWK - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.900-4.300 for the period, compared to the consensus EPS estimate of 4.150. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities analysts have commented on SWK shares. Barclays boosted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. Morgan Stanley decreased their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Robert W. Baird decreased their target price on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. StockNews.com cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and an average target price of $102.29.

Stanley Black & Decker Stock Performance

SWK traded down $3.14 during trading on Wednesday, hitting $79.07. The company's stock had a trading volume of 1,661,759 shares, compared to its average volume of 1,462,592. The firm has a market cap of $12.19 billion, a PE ratio of -57.72, a P/E/G ratio of 2.24 and a beta of 1.23. The business's 50 day simple moving average is $93.09 and its 200-day simple moving average is $93.65. Stanley Black & Decker has a one year low of $77.70 and a one year high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (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 for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the company posted $1.05 earnings per share. Stanley Black & Decker's revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that Stanley Black & Decker will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Friday, November 29th. Stanley Black & Decker's dividend payout ratio (DPR) is currently -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.