Snap-on (SNA) Expected to Announce Quarterly Earnings on Thursday

Snap-on (NYSE:SNA) will likely be announcing its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $4.82 per share and revenue of $1.20 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period in the prior year, the business posted $4.75 EPS. On average, analysts expect Snap-on to post $20 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Snap-on Stock Up 6.6 %

NYSE:SNA opened at $329.77 on Thursday. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 2.21 and a beta of 0.84. Snap-on has a 1 year low of $252.98 and a 1 year high of $373.90. The stock has a 50-day moving average price of $334.56 and a two-hundred day moving average price of $336.19. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a dividend of $2.14 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.60%. Snap-on’s payout ratio is presently 43.90%.

Analysts Set New Price Targets

Several brokerages have issued reports on SNA. Tigress Financial lifted their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reaffirmed an “outperform” rating and set a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. Finally, Longbow Research raised shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Monday, March 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Snap-on currently has an average rating of “Moderate Buy” and a consensus price target of $355.33.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the sale, the chief financial officer now owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total value of $7,611,764.00. Following the transaction, the chief executive officer now directly owns 793,932 shares of the company’s stock, valued at $266,221,278.24. This trade represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,011 shares of company stock valued at $12,116,859 in the last ninety days. 3.90% of the stock is currently owned by company insiders.

About Snap-on

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.