Wall Street analysts expect that Snap-on Incorporated (NYSE:SNA) will post earnings of $3.08 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Snap-on’s earnings, with the highest EPS estimate coming in at $3.11 and the lowest estimate coming in at $3.03. Snap-on posted earnings per share of $3.03 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 6th.
Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Snap-on.
Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, October 17th. The company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.02. The company had revenue of $901.80 million during the quarter, compared to analyst estimates of $909.23 million. Snap-on had a net margin of 18.72% and a return on equity of 21.16%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 earnings per share.
Snap-on stock traded up $2.78 during trading on Tuesday, reaching $164.97. 356,103 shares of the company’s stock were exchanged, compared to its average volume of 393,730. The company’s 50-day moving average is $163.02 and its two-hundred day moving average is $157.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 2.37. Snap-on has a 52-week low of $135.29 and a 52-week high of $174.00. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 1.56 and a beta of 1.22.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $1.08 per share. The ex-dividend date is Tuesday, November 19th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from Snap-on’s previous quarterly dividend of $0.95. Snap-on’s dividend payout ratio (DPR) is currently 36.58%.
In other news, VP Iain Boyd sold 777 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $165.00, for a total transaction of $128,205.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 19,675 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $155.46, for a total value of $3,058,675.50. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Resources Management Corp CT ADV purchased a new stake in Snap-on during the 3rd quarter worth approximately $247,000. Voloridge Investment Management LLC acquired a new stake in shares of Snap-on during the third quarter worth approximately $2,306,000. Security National Bank of Sioux City Iowa IA grew its position in shares of Snap-on by 4.8% during the third quarter. Security National Bank of Sioux City Iowa IA now owns 2,595 shares of the company’s stock worth $407,000 after buying an additional 120 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Snap-on by 2.0% in the third quarter. Parametric Portfolio Associates LLC now owns 166,913 shares of the company’s stock worth $26,128,000 after buying an additional 3,231 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Snap-on by 0.4% in the third quarter. California State Teachers Retirement System now owns 101,674 shares of the company’s stock worth $15,916,000 after buying an additional 425 shares during the last quarter. 98.63% of the stock is owned by hedge funds and other institutional investors.
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.
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