Wall Street analysts expect Snap-on Incorporated (NYSE:SNA) to announce earnings per share (EPS) of $3.03 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Snap-on’s earnings, with the lowest EPS estimate coming in at $3.02 and the highest estimate coming in at $3.06. Snap-on posted earnings of $2.69 per share during the same quarter last year, which would suggest a positive year over year growth rate of 12.6%. The firm is expected to report its next earnings results on Thursday, February 14th.

Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Snap-on.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, October 18th. The company reported $2.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.86 by $0.02. The business had revenue of $898.10 million for the quarter, compared to the consensus estimate of $928.73 million. Snap-on had a return on equity of 21.35% and a net margin of 16.86%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 EPS.

Several research firms have weighed in on SNA. Zacks Investment Research upgraded Snap-on from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research note on Thursday, October 4th. Barrington Research reiterated a “buy” rating and set a $200.00 price target on shares of Snap-on in a research note on Monday, August 20th. Finally, Robert W. Baird dropped their price target on Snap-on from $216.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, October 19th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $195.40.

Several institutional investors and hedge funds have recently modified their holdings of SNA. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Snap-on by 4,648.2% in the second 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 last quarter. Morgan Stanley boosted its stake in shares of Snap-on by 348.6% in the third quarter. Morgan Stanley now owns 623,240 shares of the company’s stock worth $114,427,000 after buying an additional 484,317 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Snap-on by 65.8% in the second quarter. Schroder Investment Management Group now owns 770,981 shares of the company’s stock worth $88,263,000 after buying an additional 305,933 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Snap-on by 2,706.3% in the second quarter. Advisors Asset Management Inc. now owns 253,354 shares of the company’s stock worth $1,340,000 after buying an additional 244,326 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Snap-on by 41.7% in the second quarter. Wells Fargo & Company MN now owns 639,556 shares of the company’s stock worth $102,789,000 after buying an additional 188,125 shares during the last quarter.

Snap-on stock traded down $4.97 during trading hours on Friday, hitting $151.00. 643,071 shares of the stock traded hands, compared to its average volume of 500,304. 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 company has a market cap of $8.48 billion, a PE ratio of 14.92, a PEG ratio of 1.24 and a beta of 1.31. Snap-on has a 1 year low of $141.63 and a 1 year high of $189.46.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Tuesday, November 20th will be paid a $0.95 dividend. This is an increase from Snap-on’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, November 19th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.52%. Snap-on’s dividend payout ratio is presently 37.55%.

About Snap-on

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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Earnings History and Estimates for Snap-on (NYSE:SNA)

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