Stanley Black & Decker Inc (SWK) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS
Monday, July 18, 2021 5:02 PM

Stanley Black & Decker Inc (SWK) announced its quarterly results on Monday. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.20. The company’s quarterly revenue was up 10.9% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research downgraded shares of Stanley Black & Decker Inc from an "outperform" rating to a "neutral" rating in a research note to investors on Monday, May 9th. They now have a $77.00 price target on the stock. Also, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Stanley Black & Decker Inc from $84.00 to $90.00 in a research note to investors on Wednesday, April 13rd. They now have a "buy" rating on the stock.

Shares of Stanley Black & Decker Inc (SWK) traded down 1.55% during mid-day trading on Monday, hitting $68.61. Stanley Black & Decker Inc (SWK) has a 52 week low of $50.76 and a 52 week high of $78.19. The stock's 50-day moving average is $70.34 and its 200-day moving average is $72.47. The company has a market cap of $11.534 billion and a price-to-earnings ratio of 25.26.

Stanley Black & Decker, Inc., formerly The Stanley Works, focuses on operating in the hand and power tools, and storage industries. It focuses on mechanical and electronic security and engineered fasteners with brands, such as Stanley, Black & Decker, FatMax, DeWalt, Bostitch, Porter-Cable, Facom, Emhart Teknologies, Proto, Kwikset and Mac Tools. In March 2010, the Company announced that it has completed its merger with The Black & Decker Corporation. In July 2010, Stanley Black & Decker, Inc. announced that it has acquired CRC-Evans International (CRC-Evans), a global supplier of specialized tools, equipment and services for the construction of oil and natural gas transmission pipelines. In July 2010, Stanley Black & Decker, Inc. announced that it has acquired CRC-Evans International (CRC-Evans), a global supplier of specialized tools, equipment and services for the construction of oil and natural gas transmission pipelines.

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