Snap-on Hits New 52-Week High at $126.60 (SNA)
Snap-on (NYSE:SNA) hit a new 52-week high during trading on Wednesday , American Banking and Market News reports. The stock traded as high as $126.60 and last traded at $126.38, with a volume of 242,197 shares changing hands. The stock had previously closed at $125.45.
SNA has been the subject of a number of recent research reports. Analysts at Robert W. Baird raised their price target on shares of Snap-on from $154.00 to $156.00 in a research note on Friday, July 18th.
The stock has a 50-day moving average of $121.6 and a 200-day moving average of $115.5. The company has a market cap of $7.342 billion and a P/E ratio of 19.45.
Snap-on (NYSE:SNA) last posted its earnings data on Thursday, July 17th. The company reported $1.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.68 by $0.12. The company had revenue of $826.50 million for the quarter, compared to the consensus estimate of $810.06 million. During the same quarter last year, the company posted $1.50 earnings per share. Snap-on’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that Snap-on will post $6.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Monday, August 25th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 21st.
Snap-on Incorporated (NYSE:SNA) is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users.
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