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December 9, 2013
06:41 EDTSWKStanley Black & Decker coverage assumed with a Neutral at Credit Suisse
Target $71.
News For SWK From The Last 14 Days
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April 24, 2014
11:48 EDTSWKStanley Black & Decker rises after profit beat spurs increased outlook
Shares of power tool company Stanley Black & Decker (SWK) are advancing after its first quarter earnings topped analysts' consensus estimate and it raised its fiscal 2014 profit outlook. WHAT'S NEW: This morning, Stanley Black & Decker reported Q1 adjusted earnings per share of $1.07, topping expectations of 96c, and revenue of $2.6B, meeting estimates of $2.6B. Stanley Black & Decker’s Chairman and CEO John Lundgren commented “Our performance in the first quarter of 2014 reflected the benefits of the organic growth investments we made in 2013 and the cost actions we announced late last year. During the quarter we achieved solid organic growth in our CDIY and Industrial segments despite a very challenging external environment impacted by continued emerging markets volatility and to a lesser extent North America weather. Within Security, we are seeing traction with the actions we are taking to improve performance and continue to believe that we will see margin improvement in the second half of 2014.” WHAT'S NOTABLE: The company raised its FY14 adjusted EPS view to $5.35-$5.50 from $5.30-$5.50, compared to consensus of $5.38. The company predicts 2014 organic growth of 4%. PRICE ACTION: In late morning trading, Stanley Black & Decker rose $2.46, or about 3%, to $85.01 on heavy trading volume. Including today's advance, the stock up about 9% over the past twelve months. OTHERS TO WATCH: Other companies in the tool space include Snap-on (SNA), Makita Corporation (MKTAY), and Briggs & Stratton (BGG).
06:08 EDTSWKStanley Black & Decker sees Q2 organic growth "modestly decelerate"
06:08 EDTSWKStanley Black & Decker sees 1H14 EPS aproximating 45% of full year earnings
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06:07 EDTSWKStanley Black & Decker still sees 2014 organic growth 4%
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06:05 EDTSWKStanley Black & Decker raises 2014 adj EPS view to $5.35-$5.50 from $5.30-$5.50
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06:04 EDTSWKStanley Black & Decker reports Q1 adjusted EPS $1.07, consensus 96c
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April 22, 2014
10:32 EDTSWKHigh option volume stocks: MNK SWK TRGP ELX
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