Stanley Black & Decker Issues Fiscal 2014 Guidance

By Eric Volkman – Dec 12, 2013 at 10:53PM

NYSE: SWK

Stanley Black & Decker

Market Cap

$14B

Today's Change

(-2.05%) -$1.85

Current Price

$88.42

Price as of April 25, 2024, 12:43 p.m. ET

Stanley Black & Decker estimates that it will post EPS of $5.30 to $5.50 per share for the next fiscal year.

Stanley Black & Decker (SWK -2.05%) 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.

Fool contributor Eric Volkman has no position in Stanley Black & Decker. Nor does The Motley Fool. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.