Equities analysts predict that Snap-on Incorporated (NYSE:SNA) will announce earnings of $2.96 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Snap-on’s earnings, with the lowest EPS estimate coming in at $2.88 and the highest estimate coming in at $3.05. Snap-on posted earnings of $2.79 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The firm is expected to issue its next quarterly earnings report on Thursday, April 18th.

Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Snap-on.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 7th. The company reported $3.03 earnings per share for the quarter, hitting the consensus estimate of $3.03. The business had revenue of $952.50 million during the quarter, compared to the consensus estimate of $968.74 million. Snap-on had a net margin of 18.18% and a return on equity of 21.62%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.69 earnings per share.

Several research firms have issued reports on SNA. Zacks Investment Research downgraded Snap-on from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Bank of America initiated coverage on Snap-on in a report on Friday, December 21st. They issued a “buy” rating and a $165.00 target price on the stock. Robert W. Baird dropped their target price on Snap-on from $216.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, October 19th. Barrington Research reissued a “buy” rating and issued a $196.00 price target on shares of Snap-on in a research note on Tuesday, October 16th. Finally, TheStreet raised Snap-on from a “c+” rating to a “b-” rating in a research note on Friday, January 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $190.33.

SNA stock opened at $155.24 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.33 and a quick ratio of 1.62. Snap-on has a fifty-two week low of $135.29 and a fifty-two week high of $189.46. The stock has a market capitalization of $8.52 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.21 and a beta of 1.34.

In other Snap-on news, Chairman Nicholas T. Pinchuk sold 22,433 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $140.80, for a total transaction of $3,158,566.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Snap-on by 17.9% during the fourth quarter. BlackRock Inc. now owns 4,525,663 shares of the company’s stock worth $657,532,000 after purchasing an additional 687,661 shares during the last quarter. Investec Asset Management LTD grew its holdings in shares of Snap-on by 55.2% during the fourth quarter. Investec Asset Management LTD now owns 1,114,605 shares of the company’s stock worth $161,941,000 after purchasing an additional 396,566 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Snap-on by 9.1% during the third quarter. Dimensional Fund Advisors LP now owns 729,959 shares of the company’s stock worth $134,023,000 after purchasing an additional 60,814 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Snap-on by 2.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 706,420 shares of the company’s stock worth $102,635,000 after purchasing an additional 13,755 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Snap-on by 348.6% during the third quarter. Morgan Stanley now owns 623,240 shares of the company’s stock worth $114,427,000 after purchasing an additional 484,317 shares during the last quarter.

Snap-on Company Profile

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.

Featured Article: 52-Week High/Low Prices For Stock Selection

Get a free copy of the Zacks research report on Snap-on (SNA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.