Snap-on (SNA) Expected to Announce Earnings of $2.73 Per Share

Analysts predict that Snap-on (NYSE:SNA) will announce earnings per share of $2.73 for the current quarter, Zacks reports. Six analysts have made estimates for Snap-on’s earnings, with the highest EPS estimate coming in at $2.77 and the lowest estimate coming in at $2.65. Snap-on reported earnings per share of $2.39 during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The business is expected to report its next earnings report before the market opens on Thursday, April 19th.

Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Snap-on.

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Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 8th. The company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.03. The business had revenue of $974.60 million during the quarter, compared to analyst estimates of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. Snap-on’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.47 earnings per share.

A number of brokerages recently commented on SNA. Robert W. Baird cut their target price on Snap-on from $220.00 to $211.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. B. Riley set a $205.00 target price on Snap-on and gave the company a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research lowered Snap-on from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Barrington Research restated a “buy” rating on shares of Snap-on in a research note on Thursday, March 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $190.86.

In other Snap-on news, SVP Thomas J. Ward sold 5,743 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $159.93, for a total value of $918,477.99. Following the sale, the senior vice president now directly owns 51,840 shares in the company, valued at $8,290,771.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Anup R. Banerjee sold 2,091 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $160.11, for a total value of $334,790.01. The disclosure for this sale can be found here. Insiders sold 104,995 shares of company stock worth $16,839,572 over the last quarter. Company insiders own 4.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Canandaigua National Bank & Trust Co. grew its position in Snap-on by 1.4% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 21,056 shares of the company’s stock valued at $3,670,000 after acquiring an additional 300 shares during the period. First National Bank of Omaha grew its position in Snap-on by 1.0% in the fourth quarter. First National Bank of Omaha now owns 29,599 shares of the company’s stock valued at $5,159,000 after acquiring an additional 307 shares during the period. Public Employees Retirement Association of Colorado grew its position in Snap-on by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 9,983 shares of the company’s stock valued at $1,740,000 after acquiring an additional 331 shares during the period. Stonebridge Capital Advisors LLC grew its position in Snap-on by 1.4% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 26,251 shares of the company’s stock valued at $4,576,000 after acquiring an additional 350 shares during the period. Finally, Reilly Herbert Faulkner III grew its position in Snap-on by 1.4% in the fourth quarter. Reilly Herbert Faulkner III now owns 26,098 shares of the company’s stock valued at $4,549,000 after acquiring an additional 361 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Shares of NYSE SNA traded up $0.12 during trading hours on Friday, reaching $145.56. The stock had a trading volume of 335,839 shares, compared to its average volume of 640,691. The company has a current ratio of 1.78, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $8,249.51, a price-to-earnings ratio of 14.38, a PEG ratio of 1.23 and a beta of 1.16. Snap-on has a twelve month low of $140.83 and a twelve month high of $185.47.

The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, March 1st. Snap-on’s dividend payout ratio (DPR) is 32.41%.

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Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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Earnings History and Estimates for Snap-on (NYSE:SNA)

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