Zacks: Brokerages Anticipate Snap One Holdings Corp. (NASDAQ:SNPO) Will Announce Earnings of $0.21 Per Share

Brokerages expect Snap One Holdings Corp. (NASDAQ:SNPOGet Rating) to announce earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Snap One’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.30. Snap One reported earnings of $0.23 per share in the same quarter last year, which indicates a negative year over year growth rate of 8.7%. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Snap One will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.76 to $1.02. For the next year, analysts forecast that the company will post earnings of $1.08 per share, with EPS estimates ranging from $0.75 to $1.32. Zacks’ EPS averages are an average based on a survey of analysts that cover Snap One.

Snap One (NASDAQ:SNPOGet Rating) last posted its quarterly earnings data on Tuesday, March 22nd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $273.49 million for the quarter, compared to the consensus estimate of $261.27 million. Snap One had a positive return on equity of 4.89% and a negative net margin of 3.06%.

A number of brokerages recently commented on SNPO. Zacks Investment Research upgraded Snap One from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. JPMorgan Chase & Co. decreased their price target on Snap One from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 23rd. Truist Financial decreased their target price on Snap One from $21.00 to $18.00 and set a “na” rating on the stock in a research report on Monday, May 16th. Morgan Stanley decreased their target price on Snap One from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 23rd. Finally, UBS Group decreased their target price on Snap One from $24.00 to $19.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $21.38.

In related news, CEO John H. Heyman acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average cost of $10.90 per share, with a total value of $54,500.00. Following the completion of the purchase, the chief executive officer now directly owns 1,567,579 shares in the company, valued at $17,086,611.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jefferson Dungan acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The stock was bought at an average cost of $10.25 per share, for a total transaction of $102,500.00. Following the completion of the purchase, the insider now owns 10,000 shares of the company’s stock, valued at $102,500. The disclosure for this purchase can be found here. Insiders own 5.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new position in shares of Snap One in the third quarter worth approximately $3,964,000. New York State Common Retirement Fund acquired a new position in Snap One in the fourth quarter valued at approximately $228,000. Russell Investments Group Ltd. acquired a new position in Snap One in the fourth quarter valued at approximately $668,000. Laurion Capital Management LP acquired a new position in Snap One in the third quarter valued at approximately $757,000. Finally, SG Americas Securities LLC acquired a new position in Snap One in the third quarter valued at approximately $104,000. 93.11% of the stock is currently owned by institutional investors.

Shares of NASDAQ SNPO opened at $12.29 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 2.12. Snap One has a 52 week low of $9.32 and a 52 week high of $24.50. The stock has a market capitalization of $932.54 million and a P/E ratio of -26.15. The stock’s fifty day moving average is $13.21 and its 200 day moving average is $17.54.

About Snap One (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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