Zacks: Analysts expect Snap-on Incorporated (NYSE: SNA) to post earnings per share of $3.70

Equity research analysts expect Snap-on Incorporated (NYSE:SNA – Get Rating) to report earnings of $3.70 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts released Snap-on earnings estimates. The highest EPS estimate is $3.84 and the lowest is $3.61. Snap-on posted earnings of $3.50 per share in the same quarter last year, indicating a positive growth rate of 5.7% year over year. The company is due to announce its next earnings report on Thursday, April 28.

Zacks Investment Research’s EPS calculations are an average average based on a survey of research analysts who follow Snap-on.

Snap-on (NYSE:SNA – Get Rating) last released its quarterly results on Thursday, February 3. The company reported earnings per share (EPS) of $4.10 for the quarter, beating Thomson Reuters consensus estimate of $3.69 by $0.41. The company posted revenue of $1.11 billion for the quarter, versus analyst estimates of $1.09 billion. Snap-on had a return on equity of 20.37% and a net margin of 19.10%. The company’s revenue for the quarter increased by 3.2% compared to the same quarter last year. During the same quarter last year, the company posted EPS of $3.84.

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Separately, Robert W. Baird raised his price target on Snap-on shares from $240.00 to $242.00 in a Friday, February 4 research report. One stock research analyst rated the stock with a sell rating, one gave the company a hold rating and three gave the company’s stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $256.40.

Separately, CEO Nicholas T. Pinchuk sold 24,880 shares of the company in a trade dated Friday, December 17. The stock was sold at an average price of $213.70, for a total transaction of $5,316,856.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, director Karen L. Daniel sold 2,259 Snap-on shares in a trade that took place on Thursday, December 9. The stock was sold at an average price of $213.56, for a total value of $482,432.04. The disclosure of this sale can be found here. During the last quarter, insiders sold 33,330 shares of the company worth $7,124,162. 4.20% of the shares are held by insiders.

A number of institutional investors and hedge funds have recently changed their holdings in SNA. Dividend Assets Capital LLC raised its position in Snap-on shares by 52.6% in Q4. Dividend Assets Capital LLC now owns 11,848 shares of the company worth $2,552,000 after acquiring 4,086 additional shares last quarter. BlackRock Inc. increased its stake in Snap-on by 0.4% in the fourth quarter. BlackRock Inc. now owns 4,766,070 shares of the company valued at $1,026,515,000 after purchasing an additional 20,087 shares during the period. Cypress Capital Management LLC increased its holdings of Snap-on shares by 22.9% during the 4th quarter. Cypress Capital Management LLC now owns 19,432 shares of the company worth $4,185,000 after buying 3,615 additional shares last quarter. Vident Investment Advisory LLC increased its position in Snap-on shares by 38.4% during the 4th quarter. Vident Investment Advisory LLC now owns 24,465 shares of the company worth $5,270,000 after purchasing an additional 6,784 shares during the period. Finally, William Blair Investment Management LLC increased its holdings in Snap-on by 41.2% in the fourth quarter. William Blair Investment Management LLC now owns 2,272 shares of the company worth $489,000 after purchasing an additional 663 shares during the period. 86.89% of the shares are currently held by institutional investors and hedge funds.

SNA shares traded at $7.15 on Friday, hitting $212.10. The company had a trading volume of 361,640 shares, compared to an average volume of 334,467. The company’s 50-day moving average is $212.94 and its 200-day moving average is $215.39 . Snap-on has a one-year low of $197.75 and a one-year high of $259.99. The company has a quick ratio of 2.23, a current ratio of 3.04 and a leverage ratio of 0.29. The stock has a market capitalization of $11.33 billion, a PE ratio of 14.48, a price-to-growth earnings ratio of 1.42 and a beta of 1.23.

Snap-on said its board launched a stock repurchase plan on Thursday, Nov. 4 that sees the company repurchase $500.00 million in stock. This repurchase authorization allows the company to purchase up to 4.4% of its shares through open market purchases. Stock repurchase plans usually indicate that the company’s board of directors believe its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 10. Shareholders of record on Wednesday, February 23 will receive a dividend of $1.42 per share. This represents an annualized dividend of $5.68 and a dividend yield of 2.68%. The ex-dividend date is Tuesday, February 22. Snap-on’s dividend payout ratio (DPR) is currently 38.77%.

Snap-on Company Profile (Get a rating)

Snap-On, Inc engages in the manufacture and marketing of tools, equipment, diagnostics, repair information and system solutions for professional users performing critical tasks. Its products and services include hand and power tools, tool storage, diagnostic software, portable and PC-based diagnostic products, information and management systems, workshop equipment and other solutions. for automotive dealerships and repair centers, as well as customers in industries such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education.

See also

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Earnings history and estimates for Snap-on (NYSE: SNA)

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