Snap-on Incorporated (NYSE:SNA) Expected to Announce Quarterly Sales of $1.10 Billion

Analysts expect Snap-on Incorporated (NYSE:SNAGet Rating) to report sales of $1.10 billion for the current quarter, Zacks reports. Three analysts have made estimates for Snap-on’s earnings, with the highest sales estimate coming in at $1.12 billion and the lowest estimate coming in at $1.09 billion. Snap-on posted sales of $1.08 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Snap-on will report full-year sales of $4.41 billion for the current fiscal year, with estimates ranging from $4.39 billion to $4.43 billion. For the next financial year, analysts anticipate that the business will post sales of $4.56 billion, with estimates ranging from $4.49 billion to $4.60 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Snap-on.

Snap-on (NYSE:SNAGet Rating) last released its earnings results on Thursday, April 21st. The company reported $4.00 EPS for the quarter, topping 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm posted $3.50 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis.

Several equities research analysts recently commented on the company. Robert W. Baird increased their price objective on Snap-on from $240.00 to $242.00 in a research report on Friday, February 4th. StockNews.com assumed coverage on Snap-on in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Tigress Financial increased their price objective on Snap-on from $295.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, April 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $251.25.

Snap-on stock opened at $209.96 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.16 and a quick ratio of 2.32. Snap-on has a one year low of $197.75 and a one year high of $257.98. The stock has a market capitalization of $11.21 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The business’s fifty day moving average is $213.84 and its 200 day moving average is $213.16.

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

Several hedge funds and other institutional investors have recently bought and sold shares of SNA. Norges Bank bought a new stake in Snap-on during the 4th quarter valued at approximately $93,206,000. Wellington Management Group LLP raised its stake in Snap-on by 7,194.3% during the 1st 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 period. First Trust Advisors LP raised its stake in Snap-on by 22.5% during the 4th 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 period. JPMorgan Chase & Co. raised its stake in Snap-on by 16.9% during the 4th 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 period. Finally, Disciplined Growth Investors Inc. MN raised its stake in Snap-on by 104.0% during the 4th 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 period. 87.92% of the stock is currently 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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Earnings History and Estimates for Snap-on (NYSE:SNA)

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