Zacks: Analysts Expect Snap One Holdings Corp. (NASDAQ:SNPO) to Announce $0.25 EPS

Analysts expect Snap One Holdings Corp. (NASDAQ:SNPOGet Rating) to post earnings of $0.26 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Snap One’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.20. Snap One reported earnings per share of $0.23 in the same quarter last year, which indicates a positive year-over-year growth rate of 13%. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Snap One will report full-year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.97. For the next fiscal year, analysts expect that the business will report earnings of $1.10 per share, with EPS estimates ranging from $0.89 to $1.38. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Snap One.

Snap One (NASDAQ:SNPOGet Rating) last released its quarterly earnings data on Tuesday, March 22nd. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). The business had revenue of $273.49 million for the quarter, compared to analyst estimates of $261.27 million.

Several equities analysts have commented on SNPO shares. Morgan Stanley lowered their price objective on shares of Snap One from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Snap One from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, March 23rd. Truist Financial lowered their price objective on shares of Snap One from $25.00 to $21.00 in a research report on Friday, March 25th. Finally, Zacks Investment Research upgraded shares of Snap One from a “sell” rating to a “hold” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $22.38.

SNPO stock traded up $1.02 during trading on Friday, hitting $12.42. 101,429 shares of the company’s stock traded hands, compared to its average volume of 80,428. Snap One has a 52 week low of $9.95 and a 52 week high of $24.50. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 2.24. The business has a fifty day simple moving average of $14.65 and a 200 day simple moving average of $17.96. The stock has a market capitalization of $942.43 million and a price-to-earnings ratio of -26.43.

Several institutional investors have recently added to or reduced their stakes in SNPO. Northern Trust Corp increased its stake in Snap One by 13.0% in the 1st quarter. Northern Trust Corp now owns 174,464 shares of the company’s stock worth $2,573,000 after buying an additional 20,041 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Snap One by 12.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 107,379 shares of the company’s stock worth $1,584,000 after buying an additional 12,230 shares during the period. Private Advisory Group LLC purchased a new position in Snap One in the 1st quarter worth about $174,000. American International Group Inc. increased its stake in Snap One by 23.3% in the 1st quarter. American International Group Inc. now owns 8,839 shares of the company’s stock worth $130,000 after buying an additional 1,672 shares during the period. Finally, Vanguard Group Inc. increased its stake in Snap One by 29.6% in the 1st quarter. Vanguard Group Inc. now owns 895,348 shares of the company’s stock worth $13,206,000 after buying an additional 204,692 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Snap One Company Profile (Get Rating)

Snap One Holdings Corp. provides smart living solutions in the United States and internationally. The company offers end-to-end product and software ecosystem and technology-enabled workflow solutions. It also provides connected products, including networking, control and lighting, surveillance, and power products; entertainment products for indoor and outdoor solutions, such as media distribution products, as well as audio and video products; and infrastructure products, which include structured wiring and cable products, racks, and mounts.

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