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Stanley Black & Decker faces significant challenges with weak sales, declining margins, and economic trends affecting performance. Despite its dividend king status, SWK is undergoing a turnaround plan including cost-cutting, product focus, and supply chain improvements. While SWK shows promise in its transformation, caution is advised due to slow progress, economic uncertainties, and better investment options in the market.
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Inflation and supply chain upheavals hit Stanley Black & Decker particularly hard. The company is making changes to its business to reposition itself for growth.
The market has priced in an improvement in the company's cost base and supply chain operations. Inventory reduction is progressing well, but more work needs to be done, and declining sales aren't helping much.
Stanley Black's (SWK) second-quarter 2023 earnings decline approximately 106% on a year-over-year basis due to lower sales. The company has narrowed its 2023 adjusted earnings guidance.
On August 1, 2023, Stanley Black & Decker Inc ( SWK , Financial) recorded a 3.6% gain, with an Earnings Per Share (EPS) of 4.46. However, the question arises: Is this stock a potential value trap?
Although the revenue and EPS for Stanley Black & Decker (SWK) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Stanley Black & Decker (SWK) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to earnings of $1.77 per share a year ago.
Stanley Black & Decker SWK, +1.24% has raised its quarterly cash dividend by one cent, to 81 cents a share.