Stanley Black & Decker (NYSE:SWK) released its quarterly earnings results on Thursday. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.33, MarketWatch Earnings reports. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.13 billion. Stanley Black & Decker had a net margin of 5.88% and a return on equity of 13.33%. The company’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.66 earnings per share.
NYSE:SWK opened at $153.32 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $23.63 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 4.53 and a beta of 1.54. The firm has a fifty day simple moving average of $141.95 and a two-hundred day simple moving average of $133.11. Stanley Black & Decker has a 12 month low of $70.00 and a 12 month high of $173.67.
The business also recently declared 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 represents a $2.80 dividend on an annualized basis and a yield of 1.83%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Monday, August 31st. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.86%.
Several equities analysts have recently issued reports on SWK shares. JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $130.00 to $175.00 in a research note on Friday, July 10th. Nomura dropped their price target on shares of Stanley Black & Decker from $145.00 to $131.00 in a research note on Monday, May 4th. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research note on Tuesday, July 14th. Wolfe Research raised shares of Stanley Black & Decker from a “peer perform” rating to an “outperform” rating and set a $159.00 price target for the company in a research note on Thursday, June 25th. Finally, UBS Group raised their price target on shares of Stanley Black & Decker from $136.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Stanley Black & Decker presently has an average 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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