Snap-on (SNA) to Release Quarterly Earnings on Thursday

Snap-on (NYSE:SNA - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $4.82 per share and revenue of $1.20 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Snap-on (NYSE:SNA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter in the prior year, the firm posted $4.75 earnings per share. On average, analysts expect Snap-on to post $20 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Snap-on Stock Performance

Shares of SNA stock traded up $0.42 during trading on Tuesday, reaching $337.31. The company had a trading volume of 420,765 shares, compared to its average volume of 351,305. The firm's 50 day simple moving average is $333.12 and its two-hundred day simple moving average is $337.49. Snap-on has a one year low of $252.98 and a one year high of $373.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The company has a market capitalization of $17.68 billion, a PE ratio of 17.30, a PEG ratio of 2.21 and a beta of 0.84.

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Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's dividend payout ratio is 43.90%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SNA. Longbow Research upgraded shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 target price on the stock in a research note on Monday, March 31st. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a research report on Friday. Tigress Financial boosted their price objective on Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird lowered their target price on Snap-on from $358.00 to $349.00 and set a "neutral" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $355.67.

Insider Transactions at Snap-on

In related news, SVP Jesus Arregui sold 6,451 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Aldo John Pagliari sold 6,860 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the transaction, the chief financial officer now directly owns 107,096 shares of the company's stock, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,011 shares of company stock worth $12,116,859. 3.90% of the stock is currently owned by company insiders.

About Snap-on

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.