Wall Street brokerages expect that Snap-on Incorporated (NYSE:SNA) will post $700.38 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Snap-on’s earnings, with the lowest sales estimate coming in at $655.60 million and the highest estimate coming in at $755.00 million. Snap-on posted sales of $951.30 million in the same quarter last year, which would indicate a negative year over year growth rate of 26.4%. The business is scheduled to report its next quarterly earnings report on Thursday, July 16th.

According to Zacks, analysts expect that Snap-on will report full year sales of $3.22 billion for the current year, with estimates ranging from $3.12 billion to $3.35 billion. For the next year, analysts expect that the firm will post sales of $3.42 billion, with estimates ranging from $3.31 billion to $3.49 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Snap-on.

Snap-on (NYSE:SNA) last posted its earnings results on Tuesday, April 21st. The company reported $2.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.15). The business had revenue of $852.20 million for the quarter, compared to analyst estimates of $877.72 million. Snap-on had a net margin of 17.83% and a return on equity of 19.64%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.01 EPS.

SNA has been the topic of several analyst reports. TheStreet raised shares of Snap-on from a “c” rating to a “b-” rating in a research note on Monday, June 22nd. Tigress Financial reaffirmed a “buy” rating on shares of Snap-on in a research note on Thursday, May 7th. Barrington Research reaffirmed an “outperform” rating on shares of Snap-on in a research note on Thursday, April 23rd. Longbow Research reaffirmed a “hold” rating on shares of Snap-on in a research note on Wednesday, March 25th. Finally, ValuEngine downgraded shares of Snap-on from a “hold” rating to a “sell” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $172.50.

Shares of NYSE:SNA traded up $1.66 during midday trading on Friday, hitting $137.76. 6,405 shares of the company’s stock traded hands, compared to its average volume of 622,276. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.68 and a current ratio of 2.50. The company has a market cap of $7.26 billion, a PE ratio of 11.67, a P/E/G ratio of 1.48 and a beta of 1.35. The firm’s fifty day moving average price is $134.53 and its two-hundred day moving average price is $141.31. Snap-on has a twelve month low of $90.72 and a twelve month high of $172.61.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Thursday, May 21st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Wednesday, May 20th. Snap-on’s payout ratio is currently 35.24%.

In other news, CEO Nicholas T. Pinchuk sold 28,628 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $135.05, for a total value of $3,866,211.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Credit Agricole S A bought a new stake in shares of Snap-on during the 4th quarter valued at about $31,000. HBW Advisory Services LLC acquired a new position in Snap-on during the 1st quarter valued at about $28,000. Capital Square LLC acquired a new position in Snap-on during the 1st quarter valued at about $34,000. Quantbot Technologies LP acquired a new position in Snap-on during the 4th quarter valued at about $61,000. Finally, Bartlett & Co. LLC acquired a new position in Snap-on during the 1st quarter valued at about $44,000. 92.78% of the stock is owned by institutional investors.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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

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