Equities analysts expect Snap-on Incorporated (NYSE:SNA) to announce $3.03 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Snap-on’s earnings. The highest EPS estimate is $3.06 and the lowest is $3.02. Snap-on reported earnings per share of $2.69 in the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The company is scheduled to report its next earnings results on Thursday, February 14th.
Zacks’ EPS averages are an average based on a survey of analysts that follow Snap-on.
Snap-on (NYSE:SNA) last announced its earnings results on Thursday, October 18th. The company reported $2.88 EPS for the quarter, beating the consensus estimate of $2.86 by $0.02. Snap-on had a return on equity of 21.35% and a net margin of 16.86%. The company had revenue of $898.10 million for the quarter, compared to analyst estimates of $928.73 million. During the same quarter in the prior year, the company earned $2.45 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of SNA. Caisse DE Depot ET Placement DU Quebec raised its stake in Snap-on by 4,648.2% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 653,687 shares of the company’s stock worth $105,061,000 after buying an additional 639,920 shares during the period. Morgan Stanley raised its position in Snap-on by 348.6% during the third quarter. Morgan Stanley now owns 623,240 shares of the company’s stock valued at $114,427,000 after purchasing an additional 484,317 shares in the last quarter. Schroder Investment Management Group raised its position in Snap-on by 65.8% during the second quarter. Schroder Investment Management Group now owns 770,981 shares of the company’s stock valued at $88,263,000 after purchasing an additional 305,933 shares in the last quarter. Advisors Asset Management Inc. raised its position in Snap-on by 2,706.3% during the second quarter. Advisors Asset Management Inc. now owns 253,354 shares of the company’s stock valued at $1,340,000 after purchasing an additional 244,326 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Snap-on by 41.7% during the second quarter. Wells Fargo & Company MN now owns 639,556 shares of the company’s stock valued at $102,789,000 after purchasing an additional 188,125 shares in the last quarter.
Shares of Snap-on stock opened at $166.24 on Friday. Snap-on has a one year low of $141.63 and a one year high of $189.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.59 and a current ratio of 2.31. The stock has a market cap of $9.21 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 1.34 and a beta of 1.29.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 20th will be paid a dividend of $0.95 per share. This is an increase from Snap-on’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, November 19th. Snap-on’s dividend payout ratio is 37.55%.
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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