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Stanley Black & Decker Issues Fiscal 2014 Guidance

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Stanley Black & Decker (NYSE: SWK  ) shares were up in trading following the company's unveiling of its guidance for fiscal 2014. The power tools specialist is projecting that its EPS for the year will be $5.30 to $5.50 per share, on organic growth of roughly 4% on a year-over-year basis.The former is in line with the average analyst estimate of $5.40 per share.

In the press release detailing the figures, the company said it believes growth will come from the investments it has made this year, combined with the results of a recent spate of cost-cutting measures.

In presenting the 2014 projections, Stanley Black & Decker also reaffirmed its existing fiscal 2013 estimates. The firm still anticipates that it will post EPS of $4.90 to $5.00 for the year, on organic growth of 3% over 2012  The average analyst EPS estimate is $4.94.

In the wake of the new guidance, the company's stock advanced by 1.5%, or $1.20, to close the day at $80.55 per share.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

5/24/2016 4:02 PM
SWK $114.47 Up +1.54 +1.36%
Stanley Black & De… CAPS Rating: *****