Snap-On (SNA) Given Coverage Optimism Rating of 0.20

Media coverage about Snap-On (NYSE:SNA) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring 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 nearest to one being the most favorable. Snap-On earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.3709500861772 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news headlines that may have effected Accern’s rankings:

A number of analysts have issued reports on the stock. B. Riley reiterated a “buy” rating on shares of Snap-On in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Snap-On from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Barrington Research upgraded shares of 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. Oppenheimer reiterated a “buy” rating and issued a $177.00 target price on shares of Snap-On in a research note on Thursday, October 19th. Finally, Jefferies Group reiterated a “hold” rating and issued a $175.00 target price on shares of Snap-On in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $192.00.

Snap-On (NYSE SNA) traded up $1.26 during midday trading on Friday, reaching $172.19. 393,700 shares of the company’s stock were exchanged, compared to its average volume of 610,857. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.22. The firm has a market capitalization of $9,810.00, a PE ratio of 17.01, a PEG ratio of 1.39 and a beta of 1.14. Snap-On has a 1 year low of $140.83 and a 1 year high of $181.73.

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 the Zacks’ consensus estimate of $2.43 by $0.02. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. The firm had revenue of $903.80 million during the quarter, compared to analysts’ expectations of $889.22 million. During the same period in the previous year, the company earned $2.22 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. analysts expect that Snap-On will post 10.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a $0.82 dividend. This is a positive change from Snap-On’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.90%. Snap-On’s dividend payout ratio (DPR) is currently 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.

Insider Buying and Selling by Quarter for Snap-On (NYSE:SNA)

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