Snap-on Incorporated (NYSE:SNA) Expected to Announce Earnings of $3.91 Per Share

Wall Street analysts expect Snap-on Incorporated (NYSE:SNA – Get Rating) to report earnings per share (EPS) of $3.91 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Snap-on’s earnings. The lowest EPS estimate is $3.73 and the highest is $4.00. Snap-on reported earnings of $3.76 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The business is scheduled to report its next earnings report on Monday, January 1st.

Zacks’ EPS averages are an average based on a survey of analysts that cover Snap-on.

Snap-on (NYSE:SNA – Get Rating) last posted its quarterly earnings results on Thursday, April 21st. The company reported $4.00 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.34. Snap-on had a return on equity of 20.34% and a net margin of 19.54%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $3.50 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis.

SNA has been the topic of a number of research reports. Tigress Financial upped their price objective on Snap-on from $295.00 to $298.00 and gave the company a “buy” rating in a report on Monday, April 25th. StockNews.com initiated coverage on Snap-on in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Robert W. Baird increased their target price on Snap-on from $240.00 to $242.00 in a report on Friday, February 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Snap-on presently has an average rating of “Hold” and a consensus target price of $251.25.

NYSE SNA traded down $5.07 on Friday, reaching $209.96. The stock had a trading volume of 387,869 shares, compared to its average volume of 382,597. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.16 and a quick ratio of 2.32. The firm has a fifty day moving average of $213.84 and a two-hundred day moving average of $213.12. Snap-on has a 1-year low of $197.75 and a 1-year high of $257.98. The company has a market cap of $11.21 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 20th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, May 19th. Snap-on’s dividend payout ratio (DPR) is presently 36.81%.

A number of large investors have recently added to or reduced their stakes in SNA. Norges Bank bought a new position in Snap-on in the fourth quarter valued at about $93,206,000. Wellington Management Group LLP raised its position in Snap-on by 7,194.3% in the first quarter. Wellington Management Group LLP now owns 241,149 shares of the company’s stock valued at $49,551,000 after purchasing an additional 237,843 shares during the last quarter. First Trust Advisors LP raised its position in Snap-on by 22.5% in the fourth quarter. First Trust Advisors LP now owns 1,229,336 shares of the company’s stock valued at $264,774,000 after purchasing an additional 225,831 shares during the last quarter. JPMorgan Chase & Co. raised its position in Snap-on by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,462,141 shares of the company’s stock valued at $314,916,000 after purchasing an additional 210,923 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in Snap-on by 104.0% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 413,215 shares of the company’s stock valued at $88,998,000 after purchasing an additional 210,659 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

About Snap-on (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.

Further Reading