Snap-on (SNA) to Release Earnings on Thursday

Snap-on (NYSE:SNA) is expected to issue its quarterly earnings data 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter in the previous year, the company earned $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 Performance

Shares of SNA stock opened at $337.31 on Wednesday. The stock has a market cap of $17.68 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. The stock has a 50-day moving average of $333.12 and a 200-day moving average of $337.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. Snap-on has a one year low of $252.98 and a one year high of $373.90.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a $2.14 dividend. This represents a $8.56 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on’s payout ratio is presently 43.90%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SNA. Longbow Research raised shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Monday, March 31st. Robert W. Baird reduced their target price on Snap-on from $358.00 to $349.00 and set a “neutral” rating on the stock in a report on Tuesday. Barrington Research restated an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a report on Friday, April 11th. Finally, Tigress Financial raised their price target on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $355.67.

Insiders Place Their Bets

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $36,310,898.80. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction 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 represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,011 shares of company stock worth $12,116,859. Corporate insiders own 3.90% of the company’s stock.

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.