A number of firms have modified their ratings and price targets on shares of Snap-On (NYSE: SNA) recently:
Snap-On Inc. (NYSE:SNA) traded up 0.83% during midday trading on Friday, hitting $170.58. The stock had a trading volume of 153,832 shares. Snap-On Inc. has a one year low of $133.09 and a one year high of $174.52. The firm has a 50 day moving average price of $157.28 and a 200 day moving average price of $156.23. The stock has a market cap of $9.90 billion, a PE ratio of 19.04 and a beta of 1.08.
Snap-On (NYSE:SNA) last posted its quarterly earnings results on Thursday, October 20th. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.15 by $0.07. Snap-On had a net margin of 15.67% and a return on equity of 20.73%. The business had revenue of $834.10 million for the quarter, compared to analysts’ expectations of $709.70 million. During the same period in the previous year, the company posted $1.98 EPS. Snap-On’s revenue was up 1.5% on a year-over-year basis. Equities analysts expect that Snap-On Inc. will post $9.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be issued a $0.71 dividend. The ex-dividend date is Wednesday, November 16th. This is a boost from Snap-On’s previous quarterly dividend of $0.61. This represents a $2.84 dividend on an annualized basis and a yield of 1.66%. Snap-On’s dividend payout ratio is currently 31.70%.