Snap-on (SNA) Projected to Post Quarterly Earnings on Thursday

Snap-on (NYSE:SNA - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Snap-on to post earnings of $4.78 per share and revenue of $1.20 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Snap-on Stock Up 1.5 %

Shares of SNA stock traded up $5.30 on Thursday, reaching $358.34. 290,733 shares of the company's stock traded hands, compared to its average volume of 374,012. The company has a market capitalization of $18.82 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Snap-on has a 12-month low of $252.98 and a 12-month high of $373.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. The business's 50 day moving average price is $350.25 and its two-hundred day moving average price is $315.50.

Snap-on Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.39%. This is a positive change from Snap-on's previous quarterly dividend of $1.86. The ex-dividend date was Thursday, November 21st. Snap-on's dividend payout ratio is 44.06%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barrington Research increased their target price on shares of Snap-on from $325.00 to $350.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Roth Mkm lifted their price objective on Snap-on from $324.00 to $365.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Bank of America boosted their target price on Snap-on from $255.00 to $280.00 and gave the company an "underperform" rating in a research note on Friday, October 18th. Tigress Financial raised their price target on Snap-on from $336.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Robert W. Baird boosted their price target on Snap-on from $290.00 to $347.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $345.40.

Insider Buying and Selling

In other news, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the sale, the chief executive officer now directly owns 769,738 shares in the company, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aldo John Pagliari sold 6,909 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the completion of the transaction, the chief financial officer now directly owns 100,668 shares of the company's stock, valued at $34,994,210.16. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is currently owned by insiders.

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.