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

Snap-on (NYSE:SNA) will release its earnings data before the market opens on Thursday, April 18th. Analysts expect Snap-on to post earnings of $4.66 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, February 8th. The company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.38% and a return on equity of 20.89%. Snap-on’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $4.42 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 Down 0.6 %

NYSE:SNA opened at $292.24 on Thursday. The firm has a market cap of $15.44 billion, a P/E ratio of 15.59, a P/E/G ratio of 2.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.81 and a current ratio of 3.88. Snap-on has a fifty-two week low of $234.26 and a fifty-two week high of $298.49. The firm has a 50-day simple moving average of $284.32 and a two-hundred day simple moving average of $277.18.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were paid a dividend of $1.86 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.55%. Snap-on’s dividend payout ratio is currently 39.68%.

Analyst Ratings Changes

A number of analysts have weighed in on SNA shares. Tigress Financial restated a “buy” rating and set a $336.00 price objective on shares of Snap-on in a research note on Friday, February 16th. Barrington Research reaffirmed an “outperform” rating and set a $325.00 price target on shares of Snap-on in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $306.00.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 7,522 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $271.94, for a total value of $2,045,532.68. Following the sale, the chief financial officer now owns 95,661 shares in the company, valued at $26,014,052.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Snap-on news, CEO Nicholas T. Pinchuk sold 23,514 shares of Snap-on stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the transaction, the chief executive officer now directly owns 742,383 shares of the company’s stock, valued at $213,420,264.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aldo John Pagliari sold 7,522 shares of Snap-on stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $271.94, for a total transaction of $2,045,532.68. Following the transaction, the chief financial officer now directly owns 95,661 shares of the company’s stock, valued at $26,014,052.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,368 shares of company stock worth $13,399,449. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. boosted its stake in Snap-on by 15.6% during the fourth quarter. Harbour Investments Inc. now owns 311 shares of the company’s stock worth $90,000 after buying an additional 42 shares during the period. Balentine LLC boosted its stake in Snap-on by 4.5% during the second quarter. Balentine LLC now owns 1,004 shares of the company’s stock worth $289,000 after buying an additional 43 shares during the period. Kolinsky Wealth Management LLC boosted its stake in shares of Snap-on by 2.9% during the first quarter. Kolinsky Wealth Management LLC now owns 1,586 shares of the company’s stock valued at $392,000 after purchasing an additional 44 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Snap-on by 57.3% during the first quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock valued at $27,000 after purchasing an additional 47 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Snap-on by 2.6% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,962 shares of the company’s stock valued at $403,000 after purchasing an additional 49 shares during the period. 84.88% of the stock is owned by hedge funds and other institutional investors.

Snap-on Company Profile

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.