News coverage about Snap-On (NYSE:SNA) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Snap-On earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.0553239308042 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- Snap-On (SNA) versus Edwards Group Ltd – (EVAC) Financial Analysis (americanbankingnews.com)
- Bunge Moves Up In Market Cap Rank, Passing Snap-On (marketnewsvideo.com)
- Carderock Capital Management Inc Buys PNC Financial Services Group Inc, Fortive Corp, Gartner … (nasdaq.com)
- Snap-On, Inc. : SNA-US: Dividend Analysis : November 17th, 2017 (record date) : By the numbers : November 17, 2017 (finance.yahoo.com)
- 3 Big Stock Charts for Wednesday: Alexion Pharmaceuticals, Inc., Alliance Data Systems Corporation and Snap-on … – Investorplace.com (investorplace.com)
A number of research firms recently commented on SNA. B. Riley reaffirmed a “buy” rating on shares of Snap-On in a report on Wednesday, November 1st. BidaskClub raised Snap-On from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded Snap-On from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Barrington Research raised Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 target price for the company in a report on Monday, October 23rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $177.00 target price on shares of Snap-On in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $192.00.
Snap-On (SNA) traded up $0.25 during trading on Wednesday, hitting $161.37. The company had a trading volume of 590,437 shares, compared to its average volume of 616,787. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.22. Snap-On has a 12-month low of $140.83 and a 12-month high of $181.73. The firm has a market capitalization of $9,200.00, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12.
Snap-On (NYSE:SNA) last announced its quarterly earnings results on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The company had revenue of $903.80 million during the quarter, compared to the consensus estimate of $889.22 million. During the same period in the previous year, the company posted $2.22 earnings per share. Snap-On’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts expect that Snap-On will post 10.09 EPS for the current fiscal year.
Snap-On declared that its Board of Directors has initiated a share buyback plan on Monday, August 7th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Snap-On’s previous quarterly dividend of $0.71. This represents a $3.28 dividend on an annualized basis and a yield of 2.03%. Snap-On’s payout ratio is presently 33.71%.
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Snap-On Company Profile
Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
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