Stanley Black & Decker, Inc. (NYSE:SWK) manufacturer of machine tools and accessories, is expected to report third quarter earnings results, before market open, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.68 per share.
Looking ahead, the full year income are expected at $ 7.90 per share on the revenues of $ 14158.70 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 8.80 ~ $ 9.00 per share
Click Here For More Historical Outlooks Of Stanley Black & Decker, Inc.
Previous Quarter Performance
Stanley Black & Decker, Inc. unfold income for the second quarter of $ 1.60 per share, from the revenue of $ 3,147.00 million. The quarterly earnings contracted 39.85 percent while revenues contracted 16.33 percent compared with the same quarter last year.
Street analysts expected Stanley Black & Decker, Inc. to report income of $ 1.23 per share on revenue of $ 3112.63 million for the second quarter. The bottom line results beat street analysts by $ 0.37 or 30.08 percent, at the same time, top line results outshined analysts by $ 34.37 million or 1.10 percent.
Stock Performance
Shares of Stanley Black & Decker, Inc. traded up $ 0.00 or 0.00 percent on Friday, reaching $ 178.01 with volume of 572.80 thousand shares. Stanley Black & Decker, Inc. has traded high as $ 180.94 and has cracked $ 176.19 on the downward trend
According to the previous trading day, closing price of $ 178.01, representing a 154.30 % increase from the 52 week low of $ 70.00 and a 1.62 % decrease over the 52 week high of $ 180.94.
The company has a market capital of $ 28.42 billion and is part of the Industrials sector and Tools & Accessories industry.
Recent Analyst recommendations
- On 14th September 2020, maintained by UBS Group at Buy rating, with $ 184.00 target price.
- On 2nd September 2020, maintained by Morgan Stanley at Overweight rating, with $ 191.00 target price.
- On 31st August 2020, maintained by Deutsche Bank at Buy rating, with $ 191.00 target price.
Conference Call
Stanley Black & Decker, Inc. will be hosting a conference call at 8:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.stanleyblackanddecker.com
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.
