Stanley Black & Decker (NYSE:SWK – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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 -.
Stanley Black & Decker Stock Performance
Stanley Black & Decker stock opened at $79.43 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The company has a market cap of $12.25 billion, a price-to-earnings ratio of -57.98, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The stock’s 50-day moving average is $91.99 and its 200-day moving average is $93.45. Stanley Black & Decker has a 12 month low of $77.70 and a 12 month high of $110.88.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating 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 business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the business earned $1.05 EPS. The business’s revenue was down 5.1% on a year-over-year basis. Equities analysts anticipate that Stanley Black & Decker will post 4.12 earnings per share for the current year.
Stanley Black & Decker Announces Dividend
Analysts Set New Price Targets
A number of analysts have weighed in on SWK shares. The Goldman Sachs Group increased 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. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Barclays raised their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $103.25.
Get Our Latest Stock Report on SWK
About Stanley Black & Decker
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.
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