Brokerages Anticipate Snap-on Incorporated (NYSE:SNA) Will Post Earnings of $3.00 Per Share

Posted by on Apr 8th, 2021

Wall Street brokerages expect that Snap-on Incorporated (NYSE:SNA) will post earnings of $3.00 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Snap-on’s earnings. The lowest EPS estimate is $2.82 and the highest is $3.17. Snap-on posted earnings of $2.60 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 15.4%. The business is expected to announce its next quarterly earnings results on Tuesday, April 20th.

Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Snap-on.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, February 4th. The company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.89. Snap-on had a return on equity of 17.17% and a net margin of 16.95%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $942.78 million. During the same quarter in the prior year, the firm earned $3.08 EPS. Snap-on’s quarterly revenue was up 12.5% on a year-over-year basis.

In related news, SVP Thomas J. Ward sold 21,000 shares of the stock in a transaction on Wednesday, February 24th. The stock was sold at an average price of $201.15, for a total value of $4,224,150.00. Following the transaction, the senior vice president now directly owns 66,543 shares of the company’s stock, valued at approximately $13,385,124.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Iain Boyd sold 13,500 shares of the stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $190.79, for a total value of $2,575,665.00. Following the completion of the transaction, the vice president now directly owns 18,474 shares in the company, valued at $3,524,654.46. The disclosure for this sale can be found here. Insiders have sold 47,033 shares of company stock worth $9,397,547 in the last 90 days. Insiders own 4.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC purchased a new position in Snap-on in the fourth quarter valued at about $26,000. IronBridge Private Wealth LLC purchased a new position in Snap-on in the fourth quarter valued at about $28,000. International Assets Investment Management LLC purchased a new position in Snap-on in the fourth quarter valued at about $35,000. Capital Asset Advisory Services LLC purchased a new position in Snap-on in the fourth quarter valued at about $36,000. Finally, Freedman Financial Associates Inc. purchased a new position in Snap-on in the fourth quarter valued at about $37,000. 91.57% of the stock is currently owned by institutional investors.

SNA stock opened at $235.20 on Monday. Snap-on has a 52-week low of $107.20 and a 52-week high of $236.08. The stock’s fifty day simple moving average is $216.01 and its 200-day simple moving average is $180.75. The company has a quick ratio of 1.95, a current ratio of 2.63 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Tuesday, February 23rd were issued a dividend of $1.23 per share. This represents a $4.92 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, February 22nd. Snap-on’s dividend payout ratio (DPR) is 40.13%.

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.

See Also: How to use beta for portfolio diversification

Get a free copy of the Zacks research report on Snap-on (SNA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Snap-on (NYSE:SNA)

Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.