News coverage about Snap-on (NYSE:SNA) has trended somewhat negative recently, according to Alpha One Sentiment. Alpha One, a unit of Accern, rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Snap-on earned a news impact score of -0.03 on Alpha One’s scale. Alpha One also gave news coverage about the company an impact score of 79 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected AlphaOne Sentiment Analysis’s scoring:
- Snap-on Incorporated (SNA) Expected to Post Quarterly Sales of $916.43 Million (americanbankingnews.com)
- Citigroup Cuts Rating of Snap Inc (NYSE:SNAP) To a Hold (emfizz.com)
- Star Navigation Announces Exercise of Warrants (finance.yahoo.com)
- Food, Folks & Spokes returns Thursday (kenoshanews.com)
- Analysts Anticipate Snap-On Incorporated (SNA) to Post $2.55 Earnings Per Share (americanbankingnews.com)
A number of equities analysts have recently commented on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $200.00 price target on shares of Snap-on in a report on Thursday, June 1st. Jefferies Group LLC reiterated a “hold” rating and set a $175.00 price target on shares of Snap-on in a report on Wednesday, May 31st. Finally, CIBC reiterated an “outperform” rating and set a $200.00 price target on shares of Snap-on in a report on Wednesday, April 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $192.83.
Snap-on (SNA) traded up 1.15% during trading on Friday, reaching $157.96. 660,099 shares of the company traded hands. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 16.75 and a beta of 1.04. Snap-on has a 12-month low of $145.17 and a 12-month high of $181.73. The firm’s 50 day moving average price is $164.15 and its 200 day moving average price is $169.37.
Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, April 20th. The company reported $2.39 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.05. The firm had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $877.30 million. Snap-on had a net margin of 15.04% and a return on equity of 21.17%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.16 earnings per share. Equities research analysts expect that Snap-on will post $10.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 19th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Wednesday, May 17th. Snap-on’s payout ratio is presently 30.08%.
In other news, SVP Thomas J. Ward sold 42,000 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $174.88, for a total value of $7,344,960.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jeanne M. Moreno sold 12,459 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $176.54, for a total transaction of $2,199,511.86. Following the transaction, the vice president now owns 10,486 shares in the company, valued at $1,851,198.44. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.
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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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