Snap-on (SNA) Expected to Announce Quarterly Earnings on Thursday

Snap-on (NYSE:SNA) is projected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect Snap-on to post earnings of $4.78 per share and revenue of $1.20 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Snap-on Stock Performance

SNA stock opened at $356.23 on Wednesday. Snap-on has a 1 year low of $252.98 and a 1 year high of $373.89. The stock has a market capitalization of $18.71 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 2.23 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. The stock’s fifty day moving average is $349.28 and its two-hundred day moving average is $318.11.

Snap-on Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a $2.14 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from Snap-on’s previous quarterly dividend of $1.86. This represents a $8.56 annualized dividend and a yield of 2.40%. Snap-on’s dividend payout ratio (DPR) is currently 44.06%.

Insider Activity

In related news, VP June C. Lemerand sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the completion of the sale, the vice president now directly owns 2,289 shares in the company, valued at approximately $830,586.54. This trade represents a 60.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aldo John Pagliari sold 6,909 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the completion of the transaction, the chief financial officer now directly owns 100,668 shares in the company, valued at $34,994,210.16. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,192 shares of company stock worth $11,400,978 over the last 90 days. 4.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America lifted their price target on Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a report on Friday, October 18th. Roth Mkm lifted their target price on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Tigress Financial increased their price target on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Robert W. Baird lifted their price objective on shares of Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Barrington Research reiterated an “outperform” rating and issued a $360.00 target price on shares of Snap-on in a research report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $347.40.

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.