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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 08:32 EDT
Buckingham analyst Robert Barry raised his price target for Stanley Black & Decker to $164 from $157 and maintained a Neutral rating following Thursday's Q4 results. While Barry thinks the company's expectation for mid-single digit top line growth in Tools this year looks optimistic, he is not concerned about it hitting its EPS targets this year. In addition to sizable announced cost actions, the analyst thinks commodities could be a benefit, tariff pressures look stable and FX headwinds are limited.
News For SWK From the Last 2 Days
Oct 27, 2020 | 08:53 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - SPI... To see the rest of the story go to See Story Here
Oct 27, 2020 | 06:03 EDT
Reports Q3 revenue $3.85B, consensus $3.99B. Stanley Black & Decker's President and CEO, James Loree, commented, "The third quarter was one of the most remarkable and memorable quarters in my 20+ years with the company. In the third quarter we successfully pivoted to organic growth, capturing the strong demand trends in Tools & Storage while leveraging our swift and effective cost actions to deliver record operating margins and earnings per share as well as impressive free cash flow. The agility of our team and its ability to navigate, collaborate and shift key areas of focus during this period was truly a differentiator for us, and I want to thank our 54,000 employees around the globe for their efforts.Our critical priorities to guide our decision making since the onset of the pandemic remain unchanged: (1) ensuring the health and safety of our employees and supply chain partners; (2) maintaining business continuity and financial strength and stability; (3) serving our customers as they provide essential products and services to the world; and (4) doing our part to mitigate the impact of the virus across the globe. It's critical for us to sustain this focus which has helped us ensure strong financial performance during this challenging period as we continue to face uncertainty associated with COVID-19. In that regard, we will retain discipline on costs and the cost savings programs put in place earlier this year, while we simultaneously make investments in key growth areas associated with society's nesting and reconnecting with the home and outdoors, e-Commerce and health and safety."
Oct 26, 2020 | 12:48 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Pfizer (PFE), consensus 71c... Merck (MRK), consensus $1.43... Eli Lilly (LLY), consensus $1.71... 3M (MMM), consensus $2.26... Raytheon Technologies (RTX), consensus 50c... Caterpillar (CAT), consensus $1.12... Sherwin-Williams (SHW), consensus $7.75... Centene (CNC), consensus 96c... Cummins (CMI), consensus $2.35... Stanley Black & Decker (SWK), consensus $2.68... Corning (GLW), consensus 36c... Restaurant Brands (QSR), consensus 56c... TransUnion (TRU), consensus 75c... Omnicom Group (OMC), consensus $1.06... Sensata Technologies (ST), consensus 54c... Invesco (IVZ), consensus 47c... Harley-Davidson (HOG), consensus 28c... JetBlue (JBLU), consensus ($2)... Crocs (CROX), consensus 69c.