Snap-On Incorporated (SNA) Expected to Announce Earnings of $2.66 Per Share
Wall Street brokerages expect that Snap-On Incorporated (NYSE:SNA) will post earnings per share (EPS) of $2.66 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Snap-On’s earnings. The lowest EPS estimate is $2.54 and the highest is $2.73. Snap-On reported earnings per share of $2.47 during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The company is expected to report its next quarterly earnings report on Thursday, February 1st.
Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Snap-On.
Snap-On (NYSE:SNA) last issued its earnings results on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.02. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. The business had revenue of $903.80 million during the quarter, compared to analysts’ expectations of $889.22 million. During the same quarter in the prior year, the business posted $2.22 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis.
Several brokerages have recently issued reports on SNA. Barrington Research upgraded shares of Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 target price for the company in a report on Monday, October 23rd. B. Riley restated a “buy” rating on shares of Snap-On in a report on Wednesday, November 1st. Jefferies Group restated a “hold” rating and issued a $175.00 target price on shares of Snap-On in a report on Friday, November 3rd. Oppenheimer restated a “buy” rating and issued a $177.00 target price on shares of Snap-On in a report on Thursday, October 19th. Finally, FBR & Co restated a “buy” rating and issued a $205.00 target price on shares of Snap-On in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $192.00.
Snap-On (SNA) opened at $172.19 on Monday. Snap-On has a twelve month low of $140.83 and a twelve month high of $181.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.22. The stock has a market cap of $9,816.04, a price-to-earnings ratio of 17.38, a PEG ratio of 1.42 and a beta of 1.14.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.28 dividend on an annualized basis and a yield of 1.90%. This is a boost from Snap-On’s previous quarterly dividend of $0.71. Snap-On’s dividend payout ratio is currently 33.64%.
A number of large investors have recently modified their holdings of the stock. Visionary Asset Management Inc. acquired a new stake in Snap-On during the 3rd quarter worth $215,000. Delphi Management Inc. MA acquired a new stake in Snap-On during the 3rd quarter worth $2,428,000. Hahn Capital Management LLC boosted its stake in Snap-On by 1.0% during the 3rd quarter. Hahn Capital Management LLC now owns 193,630 shares of the company’s stock worth $28,853,000 after purchasing an additional 1,837 shares during the period. Stonebridge Capital Advisors LLC boosted its stake in Snap-On by 4.6% during the 3rd quarter. Stonebridge Capital Advisors LLC now owns 25,901 shares of the company’s stock worth $3,860,000 after purchasing an additional 1,150 shares during the period. Finally, Neuberger Berman Group LLC acquired a new stake in Snap-On during the 3rd quarter worth $249,000. Hedge funds and other institutional investors own 99.68% of the company’s stock.
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Snap-On Company Profile
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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