Analysts forecast that Snap-on Incorporated (NYSE:SNA) will announce earnings per share (EPS) of $2.74 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Snap-on’s earnings, with estimates ranging from $2.65 to $2.85. Snap-on reported earnings of $2.39 per share in the same quarter last year, which indicates a positive year over year growth rate of 14.6%. The business is expected to issue its next quarterly earnings report on Thursday, April 19th.
Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Snap-on.
Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.03. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The firm had revenue of $974.60 million for the quarter, compared to analysts’ expectations of $940.50 million. During the same period in the previous year, the firm posted $2.47 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year.
A number of analysts have recently commented on SNA shares. Zacks Investment Research raised Snap-on from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Wednesday, February 14th. B. Riley reaffirmed a “buy” rating on shares of Snap-on in a research report on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $220.00 price objective (up from $184.00) on shares of Snap-on in a research report on Monday, January 29th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “hold” rating and issued a $175.00 price objective on shares of Snap-on in a research report on Friday, November 3rd. Finally, Barrington Research raised Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price objective on the stock in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Snap-on presently has an average rating of “Buy” and an average target price of $192.00.
Shares of Snap-on (SNA) traded up $0.42 on Friday, hitting $161.30. The stock had a trading volume of 340,842 shares, compared to its average volume of 713,157. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.78. Snap-on has a 12-month low of $140.83 and a 12-month high of $185.47. The company has a market cap of $9,125.28, a PE ratio of 16.89, a P/E/G ratio of 1.36 and a beta of 1.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.28 annualized dividend and a yield of 2.03%. Snap-on’s dividend payout ratio (DPR) is presently 34.45%.
In other news, SVP Anup R. Banerjee sold 2,091 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $160.11, for a total transaction of $334,790.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 20,680 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The disclosure for this sale can be found here. Insiders sold a total of 44,612 shares of company stock worth $7,742,082 over the last ninety days. 3.70% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNA. Captrust Financial Advisors bought a new position in shares of Snap-on during the 4th quarter valued at $146,000. Amica Retiree Medical Trust bought a new position in shares of Snap-on during the 3rd quarter valued at $165,000. Glenview State Bank Trust DEPT. bought a new position in shares of Snap-on during the 4th quarter valued at $206,000. Jacobi Capital Management LLC bought a new position in shares of Snap-on during the 3rd quarter valued at $215,000. Finally, Visionary Asset Management Inc. bought a new position in shares of Snap-on during the 3rd quarter valued at $215,000. 99.40% of the stock is currently owned by hedge funds and other institutional investors.
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Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
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