Snap-on Incorporated (NYSE:SNA) is expected to report quarterly sales of $1.10 billion
Equity research analysts expect Snap-on Incorporated (NYSE: SNA – Get Rating) to report sales of $1.10 billion for the current quarter, reports Zacks Investment Research. Three analysts released Snap-on earnings estimates, with the lowest sales estimate at $1.09 billion and the highest at $1.12 billion. Snap-on posted sales of $1.08 billion in the same quarter last year, which would indicate a positive growth rate of 1.9% year over year. The company is expected to release its next results on Monday, January 1.
On average, analysts expect Snap-on to post annual sales of $4.41 billion in the current fiscal year, with estimates ranging from $4.39 billion to $4.43 billion. . For the next fiscal year, analysts expect the company to post sales of $4.56 billion, with estimates ranging from $4.49 billion to $4.60 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts who provide coverage for Snap-on.
Snap-on (NYSE:SNA – Get Rating) last released its quarterly earnings data on Thursday, April 21. The company reported EPS of $4.00 for the quarter, beating the consensus estimate of $3.66 by $0.34. Snap-on had a return on equity of 20.34% and a net margin of 19.54%. The company posted revenue of $1.10 billion for the quarter, versus analyst estimates of $1.04 billion. During the same period last year, the company posted earnings per share of $3.50. The company’s revenue increased by 7.1% compared to the same quarter last year.
A number of analysts have recently released reports on the company. Robert W. Baird raised his price target on Snap-on from $240.00 to $242.00 in a Friday, February 4 research report. StockNews.com supported Snap-on coverage in a research report on Thursday, March 31. They set a “buy” rating on the stock. Finally, Tigress Financial raised its price target on Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a Monday, April 25 research report. One financial analyst has assigned the stock a sell rating, one has assigned a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $251.25.
Major investors have recently been buying and selling stocks. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Snap-on by 15.8% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 35,429 shares of the company worth $7,403,000 after purchasing an additional 4,829 shares last quarter. Advisory Research Inc. increased its stake in Snap-on by 20.8% in the third quarter. Advisory Research Inc. now owns 72,506 shares of the company valued at $15,150,000 after acquiring an additional 12,465 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Snap-on by 116.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 70,202 shares of the company valued at $15,227,000 after acquiring an additional 37,763 shares during the period. Alliancebernstein LP increased its stake in Snap-on by 2.0% in the third quarter. Alliancebernstein LP now owns 96,249 shares of the company valued at $20,111,000 after acquiring an additional 1,932 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Snap-on by 3.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,987 shares of the company valued at $3,874,000 after acquiring an additional 645 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s shares.
NYSE SNA shares opened at $214.22 on Tuesday. Snap-on has a 1-year minimum of $197.75 and a 1-year maximum of $259.99. The company has a market capitalization of $11.43 billion, a price/earnings ratio of 13.88, a PEG ratio of 1.72 and a beta of 1.19. The company has a debt ratio of 0.27, a quick ratio of 2.32 and a current ratio of 3.16. The stock’s 50-day simple moving average is $210.89 and its 200-day simple moving average is $212.54.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 10. Investors of record on Friday, May 20 will receive a dividend of $1.42. The ex-date of this dividend is Thursday, May 19. This represents a dividend of $5.68 on an annualized basis and a yield of 2.65%. Snap-on’s dividend payout ratio (DPR) is 36.81%.
About Snap-in (Get an evaluation)
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and system solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, Repair and Information Systems Group and Financial Services segments.
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