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Stanley Black & Decker (NYSE:Sock) provides hand tools, power tools, outdoor products and related accessories internationally.
It will report its fourth-quarter 2024 earnings on February 5, 2025. Wall Street analysts expect the company to report earnings per share of $1.50, up from $0.92 in the same period last year. According to Benzinga Pro data, quarterly revenue is expected to reach $3.62 billion, down from $3.74 billion in the same period last year.
Stanley Black & Decker’s 52-week price range was $77.70 to $110.88.
Stanley Black & Decker’s dividend yield is 4.02%. In the last 12 months, it paid a dividend of $3.28 per share.
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On October 29, the company announced its earnings for the third quarter of 2024, recording a sales decline of 5.2% year over year to $3.751 billion, which missed consensus estimates of $3.804 billion, according to what was reported by the British newspaper “Daily Mail”. . To gasoline.
Revenues declined as DEWALT’s growth was offset by mixed market demand. Infrastructure divestment impacted revenue growth by -2%. Gross profit increased 5.7% to $1.12 billion, and gross margin increased 310 basis points to 29.9%. Adjusted earnings per share of $1.22 beat the analyst consensus of $1.05.
The company revised its 2024 adjusted EPS forecast to $3.90-$4.30 (from $3.70-$4.50) versus an estimate of $4.20.
Check this out Article by Benzingawhich looks at the recent short interest in Stanley Black & Decker.
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If you want to make $100 a month — $1,200 a year — from Stanley Black & Decker’s dividends, your investment would need to be worth about $29,851, or about 366 shares at $81.65 per share.
Understanding dividend yield calculations: When estimating, you need two main variables – the required annual income ($1,200) and the dividend yield (4.02% in this case). Therefore, $1,200 / 0.0402 = $29,851 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
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