Snap-on Hits New 12-Month High at $127.32 (SNA)
Snap-on (NYSE:SNA) hit a new 52-week high during mid-day trading on Thursday , AnalystRatings.Net reports. The company traded as high as $127.32 and last traded at $126.76, with a volume of 101,307 shares traded. The stock had previously closed at $126.08.
A number of analysts have recently weighed in on SNA shares. 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’s 50-day moving average is $123. and its 200-day moving average is $116.. The company has a market cap of $7.323 billion and a price-to-earnings ratio of 19.55.
Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Snap-on will post $6.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Monday, August 25th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend 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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