Analysts Anticipate Stanley Black & Decker, Inc. (SWK) Will Post Quarterly Sales of $3.31 Billion
Equities research analysts predict that Stanley Black & Decker, Inc. (NYSE:SWK) will announce $3.31 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Stanley Black & Decker’s earnings, with the lowest sales estimate coming in at $3.23 billion and the highest estimate coming in at $3.40 billion. Stanley Black & Decker reported sales of $3.21 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The firm is expected to report its next quarterly earnings results on Friday, April 19th.
According to Zacks, analysts expect that Stanley Black & Decker will report full year sales of $14.49 billion for the current financial year, with estimates ranging from $14.23 billion to $14.82 billion. For the next financial year, analysts expect that the company will post sales of $15.05 billion, with estimates ranging from $14.78 billion to $15.44 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Stanley Black & Decker.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.01. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.62 billion. Stanley Black & Decker had a net margin of 4.62% and a return on equity of 16.73%. Stanley Black & Decker’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $2.18 earnings per share.
In other news, SVP Jaime A. Ramirez sold 600 shares of Stanley Black & Decker stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $118.69, for a total transaction of $71,214.00. Following the completion of the sale, the senior vice president now directly owns 35,048 shares in the company, valued at $4,159,847.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey D. Ansell sold 9,527 shares of Stanley Black & Decker stock in a transaction on Monday, February 25th. The stock was sold at an average price of $139.80, for a total transaction of $1,331,874.60. Following the sale, the executive vice president now owns 61,289 shares of the company’s stock, valued at $8,568,202.20. The disclosure for this sale can be found here. Insiders have sold 14,615 shares of company stock valued at $2,018,879 over the last quarter. Insiders own 1.03% of the company’s stock.
Large investors have recently bought and sold shares of the company. Proficio Capital Partners LLC raised its holdings in shares of Stanley Black & Decker by 370.5% during the fourth quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 163 shares during the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Stanley Black & Decker by 72.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 139 shares during the last quarter. Lindbrook Capital LLC purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth $41,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth $57,000. Finally, Phocas Financial Corp. purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth $63,000. Institutional investors and hedge funds own 87.53% of the company’s stock.
SWK traded down $1.59 during trading on Friday, hitting $131.98. The stock had a trading volume of 1,213,330 shares, compared to its average volume of 1,534,035. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24. Stanley Black & Decker has a twelve month low of $106.41 and a twelve month high of $161.91. The company has a quick ratio of 0.56, a current ratio of 1.14 and a debt-to-equity ratio of 0.54.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, March 4th. This represents a $2.64 annualized dividend and a dividend yield of 2.00%. Stanley Black & Decker’s payout ratio is currently 32.39%.
About Stanley Black & Decker
Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.
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