Snap-on Incorporated (NYSE:SNA – Get Rating) – Research analysts at Jefferies Financial Group upped their Q2 2022 EPS estimates for shares of Snap-on in a research note issued to investors on Thursday, April 21st. Jefferies Financial Group analyst B. Jordan now anticipates that the company will earn $3.91 per share for the quarter, up from their previous estimate of $3.86. Jefferies Financial Group also issued estimates for Snap-on’s Q3 2022 earnings at $3.80 EPS, Q4 2022 earnings at $4.03 EPS, FY2022 earnings at $15.75 EPS, Q1 2023 earnings at $3.99 EPS, Q2 2023 earnings at $4.08 EPS, Q3 2023 earnings at $3.93 EPS, Q4 2023 earnings at $4.19 EPS and FY2023 earnings at $16.19 EPS.
Snap-on (NYSE:SNA – Get Rating) last posted its earnings results on Thursday, April 21st. The company reported $4.00 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.34. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. Snap-on had a net margin of 19.54% and a return on equity of 20.34%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 EPS.
NYSE SNA opened at $222.38 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.29 and a current ratio of 3.16. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19. The company’s 50-day simple moving average is $210.50 and its two-hundred day simple moving average is $212.43. Snap-on has a one year low of $197.75 and a one year high of $259.99.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Wednesday, February 23rd were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Tuesday, February 22nd. Snap-on’s dividend payout ratio is presently 36.81%.
Large investors have recently bought and sold shares of the company. MUFG Americas Holdings Corp purchased a new position in shares of Snap-on during the 3rd quarter valued at approximately $29,000. Concord Wealth Partners purchased a new position in shares of Snap-on during the 4th quarter valued at approximately $31,000. Northwest Investment Counselors LLC purchased a new position in shares of Snap-on during the 4th quarter valued at approximately $32,000. Lumature Wealth Partners LLC increased its holdings in Snap-on by 63.4% in the 4th quarter. Lumature Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after acquiring an additional 59 shares in the last quarter. Finally, Bromfield Sneider Wealth Advisors purchased a new stake in Snap-on in the 1st quarter worth $38,000. 87.74% of the stock is owned by hedge funds and other institutional investors.
Snap-on Company Profile (Get Rating)
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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