NEW YORK (TheStreet) -- Stanley Black & Decker (SWK) - Get Stanley Black & Decker, Inc. Report shares are up 5.07% to $95.10 in early market trading on Thursday after the power tools manufacturer reported its fourth quarter earnings results before the opening bell today.
The company reported fourth quarter earnings of $1.56 per diluted share on quarterly revenue that rose 3.5% over the previous year to $2.98 billion. Analysts on average were expecting the company to earn $1.51 per diluted share on revenue of $2.96 billion.
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Stanley Black & Decker posted this earnings beat despite headwinds from weak industrial activities and falling oil prices which hampered demand for some of its products.
The company also issued downside earnings guidance for the current year with an EPS expectation between $5.65 and $5.85, which includes a 25 cent per share restructuring charge, falling short of analysts $6.01 expectations for the year.
TheStreet Ratings team rates STANLEY BLACK & DECKER INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate STANLEY BLACK & DECKER INC (SWK) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: SWK Ratings Report