The Snap-on management presentation will be broadcast live on the Snap-on Incorporated website. To access the webcast, go to www.snapon.com/sna and click on the link under “Events and Presentations” on the Corporate homepage, or the link found on the Investor Events page. Following the webcast, an archived replay will be available on the company’s Web site for approximately 90 days.
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Snap-on Inc (NYSE:SNA) stock is currently trading 7.64% below its 52-week-high, 41.68% above its 52-week-low. The 1-year stock price history is in the range of $111.28 – $170.7. Snap-on Inc (SNA) has a price to earnings ratio of 20.69 versus Industrial Goods sector average of 33.81. SNA stock price has outperformed the S&P 500 by 20.4%. The Hand Held Tools company is currently valued at $9.17 billion and its share price closed the last trading session at $157.66. The stock has a 50-day moving average of $162.09 and a 200-day moving average of $155.21.
Snap-on Inc (SNA) current short interest stands at 1.06 million shares. It has increased by 5% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.36 million shares, the number of days required to cover the short positions stand at 3 days.
The company is expected to announce next quarter earnings on October 15, at consensus estimate of $1.93. Snap-on Inc (SNA) reported last quarter earnings on July 23. The Hand Held Tools company announced earnings per share of $2.03 against a consensus Street estimate of $1.97, beating the average estimate by $0.06. This corresponds to an increase of $0.17 compared to the same quarter of the previous fiscal year.
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There are currently seven analysts that cover Snap-on Inc stock. Of those seven, three have a Buy rating, three have a Hold rating and one has a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $172.4.
A recent analyst activity consisted of Northcoast Research who initiated their coverage on the stock with Buy rating on March 18. Northcoast Research fixed their price target at $167. This corresponds to a 5.92% upside from the last closing price. On the date of report, the stock closed at $145.02.
From an income perspective, Snap-on Inc (SNA) has a dividend yield of 1.37%. The dividend growth rate has evolved at the pace of 5.6% over the last 5 years and the payout ratio stands at 26.66%.
Snap-on Incorporated develops, manufactures, and distributes tool and equipment solutions worldwide. The Company’s products include hand and power tools, diagnostics and shop equipment, tool storage products, diagnostics software, and other solutions for the automotive service industry. Customers include professional service technicians and motor service shop owners, among others.