Snap-on (SNA) Scheduled to Post Earnings on Thursday

Snap-on (NYSE:SNA) is scheduled to be announcing its earnings results before the market opens on Thursday, July 18th. Analysts expect the company to announce earnings of $4.94 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.66 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. Snap-on’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $4.60 EPS. On average, analysts expect Snap-on to post $19 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Snap-on Stock Performance

Shares of NYSE SNA opened at $278.91 on Wednesday. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $268.48 and its 200-day moving average price is $277.71. Snap-on has a 52-week low of $249.84 and a 52-week high of $298.49. The company has a market cap of $14.70 billion, a PE ratio of 14.63, a PEG ratio of 1.86 and a beta of 0.98.

Snap-on Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 20th were given a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Friday, May 17th. Snap-on’s dividend payout ratio (DPR) is presently 39.03%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SNA. Robert W. Baird dropped their price target on Snap-on from $282.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Barrington Research reissued an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a research report on Tuesday. Finally, Roth Mkm reaffirmed a “buy” rating and set a $324.00 price target on shares of Snap-on in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Snap-on has an average rating of “Moderate Buy” and a consensus price target of $315.00.

Insider Activity at Snap-on

In other news, CFO Aldo John Pagliari sold 5,978 shares of Snap-on stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $276.86, for a total transaction of $1,655,069.08. Following the transaction, the chief financial officer now directly owns 97,699 shares of the company’s stock, valued at approximately $27,048,945.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Aldo John Pagliari sold 5,978 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total transaction of $1,655,069.08. Following the sale, the chief financial officer now directly owns 97,699 shares in the company, valued at approximately $27,048,945.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicholas T. Pinchuk sold 24,220 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $266.80, for a total transaction of $6,461,896.00. Following the completion of the transaction, the chief executive officer now directly owns 750,663 shares of the company’s stock, valued at approximately $200,276,888.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,632 shares of company stock worth $10,353,409. Corporate insiders own 4.10% 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.