Headlines about Snap-On (NYSE:SNA) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. 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 daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.5356852454046 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Growth and Analysis of Power Tools Market Through 2025 (sbwire.com)
- Global 3D Wheel Aligner Market 2017 – Beissbarth GmbH, WONDER, Snap-on Incorporated, Actia Muller, Supertracker – MilTech (military-technologies.net)
- ETFs with exposure to Snap-On, Inc. : December 13, 2017 (finance.yahoo.com)
- Automotive Garage Equipment Market Is Projected to Grow at a Moderate 4.1% CAGR Throughout the Period of Assessment, 2017-2027 (sbwire.com)
- Automotive Remote Diagnostics Market 2016-2022: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects (consumerelectronicsnet.com)
Snap-On (SNA) traded up $2.70 during trading hours on Friday, reaching $168.20. The company’s stock had a trading volume of 761,858 shares, compared to its average volume of 472,934. Snap-On has a 1 year low of $140.83 and a 1 year high of $181.73. The company has a current ratio of 1.75, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $9,434.69, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14.
Snap-On (NYSE:SNA) last posted its earnings results on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. The firm had revenue of $903.80 million during the quarter, compared to analysts’ expectations of $889.22 million. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.22 earnings per share. equities analysts expect that Snap-On will post 10.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were given a dividend of $0.82 per share. This is a boost from Snap-On’s previous quarterly dividend of $0.71. This represents a $3.28 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, November 16th. Snap-On’s dividend payout ratio is currently 33.64%.
A number of research analysts have issued reports on the company. B. Riley reissued a “buy” rating on shares of Snap-On in a research note on Wednesday, November 1st. Zacks Investment Research raised Snap-On from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Jefferies Group reissued a “hold” rating and issued a $175.00 target price on shares of Snap-On in a research note on Friday, November 3rd. BidaskClub cut Snap-On from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Finally, 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 research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Snap-On currently has an average rating of “Hold” and an average target price of $192.00.
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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