Snap One (SNPO) to Release Quarterly Earnings on Tuesday

Snap One (NASDAQ:SNPO) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Snap One has set its FY 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Snap One (NASDAQ:SNPO) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. Snap One had a negative net margin of 2.01% and a positive return on equity of 2.77%. The firm had revenue of $264.39 million for the quarter, compared to analyst estimates of $267.62 million. On average, analysts expect Snap One to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Snap One Stock Performance

Shares of SNPO stock opened at $10.60 on Friday. The company has a market cap of $811.32 million, a P/E ratio of -37.86 and a beta of 1.11. The business has a 50 day moving average of $9.03 and a two-hundred day moving average of $8.48. Snap One has a 52 week low of $6.70 and a 52 week high of $12.06. The company has a quick ratio of 0.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.65.

Analyst Ratings Changes

SNPO has been the subject of a number of analyst reports. William Blair lowered Snap One from an “outperform” rating to a “market perform” rating in a research report on Monday, April 15th. UBS Group lowered their price target on shares of Snap One from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $10.75 price objective (down from $11.00) on shares of Snap One in a research report on Tuesday, April 16th. Jefferies Financial Group reissued a “hold” rating and set a $10.75 target price (up from $10.00) on shares of Snap One in a research note on Tuesday, April 16th. Finally, Truist Financial restated a “hold” rating and issued a $10.75 price target (down previously from $12.00) on shares of Snap One in a research note on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Snap One presently has a consensus rating of “Hold” and an average price target of $11.05.

About Snap One

Snap One Holdings Corp. provides smart-living solutions in the United States and internationally. The company offers end-to-end product and software ecosystem and technology-enabled workflow solutions. It also provides connected products, including networking, control and lighting, surveillance, and power products; entertainment products for indoor and outdoor solutions, such as media distribution products, as well as audio and video products; and infrastructure products, which include structured wiring and cable products, racks, and mounts.