Snap-on (SNA) Projected to Post 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 listening to the company’s conference call can do so using this link.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping 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 quarter in the prior year, the firm posted $4.75 earnings per share. 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 0.1 %

Shares of SNA opened at $336.50 on Tuesday. The firm has a 50 day simple moving average of $333.16 and a two-hundred day simple 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. The company has a market cap of $17.64 billion, a P/E ratio of 17.26, a P/E/G ratio of 2.21 and a beta of 0.84.

Snap-on Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were issued a dividend of $2.14 per share. The ex-dividend date was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.54%. Snap-on’s dividend payout ratio (DPR) is currently 43.90%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNA. Barrington Research reiterated an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research report on Friday. 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 report on Tuesday, March 4th. Finally, Longbow Research raised shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Snap-on presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.33.

Insider Transactions at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the sale, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. This represents a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of Snap-on stock in a transaction dated 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 in the company, valued at $266,221,278.24. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,011 shares of company stock worth $12,116,859. 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.