Stanley Black & Decker (NYSE:SWK) is scheduled to post its Q3 2019 quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Stanley Black & Decker to post earnings of $2.03 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.11. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.57 earnings per share. On average, analysts expect Stanley Black & Decker to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of NYSE SWK opened at $151.36 on Wednesday. The stock has a market cap of $22.74 billion, a P/E ratio of 18.57, a P/E/G ratio of 2.02 and a beta of 1.40. The firm has a 50 day moving average price of $142.52 and a 200 day moving average price of $141.39. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.95. Stanley Black & Decker has a 52-week low of $106.41 and a 52-week high of $154.10.
A number of research analysts recently issued reports on the stock. Wells Fargo & Co restated a “buy” rating on shares of Stanley Black & Decker in a report on Tuesday, October 15th. Zacks Investment Research cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating and set a $154.00 price objective for the company. in a report on Monday, October 14th. Nomura upped their price target on shares of Stanley Black & Decker from $160.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. ValuEngine cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Finally, Morgan Stanley reduced their price target on shares of Stanley Black & Decker from $165.00 to $161.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $156.12.
In other news, SVP Jaime A. Ramirez sold 9,850 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $151.04, for a total value of $1,487,744.00. Following the completion of the transaction, the senior vice president now owns 45,706 shares in the company, valued at $6,903,434.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is owned by corporate insiders.
About Stanley Black & Decker
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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