“Our performance was again encouraging, demonstrating the broad and substantial strength of our enterprise, driving ongoing overall momentum in sales, in profitability, and in earnings, all achieved quarter by quarter in a range of environments,” said Nick Pinchuk, Snap-on chairman and chief executive officer.
Net earnings in the quarter of $264.0 million, or $4.89 per diluted share, compared to net earnings of $231.5 million, or $4.27 per diluted share, a year ago. The second quarter effective income tax rate was 22.9% in 2023 and 23.8% in 2022.
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One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.Ĭlick below to see what other investors have to say.Consolidated operating earnings for the quarter of $343.9 million, or 26.8% of revenues (net sales plus financial services revenue), compared to $311.9 million, or 25.5% of revenues, last year. Snap On dividend payments have consistently grown over the past decade and have remained stable.ĭig into more data about Snap On dividend yield and history here. If you owned $1,000 worth of SNA stock, you would have received $24.82 in the past 12 months.
Snap On pays a dividend of 2.48%, compared to the Tools & Accessories industry's average dividend yield of 2.65%. Get more info about who owns SNA shares here. They bought $13,622.00 worth of SNA shares on Jul 31, 2023. Holden, Director of SNA, was the latest SNA insider to buy. In the last year, executives and large shareholders at SNA have bought more shares than they have sold. Are SNA insiders buying or selling the stock? This was slower than the Tools & Accessories industry average of 5.27%.įind out more about SNA's earnings and revenue performance here. In the past 5 year, SNA's revenue has grown by 4.06% per year.
This was faster than the Tools & Accessories industry average of 6.88%. During the last 5 year, SNA's earnings have increased by 11.54% per year. SNA has a relatively high debt to equity ratio of 0.52.There are more short-term assets than short-term liabilities on the SNA balance sheet.SNA profit margin has gone up from 18.4% to 19.5% in the past year.SNA's operating cash flow of $912.40M allows it to safely service it's debt of $1.25B.There are more short-term assets than long-term liabilities on the SNA balance sheet.SNA earnings of $1.31B is not enough to cover its interest payments.Total SNA debt is lower than 5 years ago, relative to shareholder equity.SNA Financial Summary Passed Financial Due Diligence Checks: You can do more valuation research on SNA's stock here. SNA could be overvalued based on its P/B ratio of 2.9x, relative to Tools & Accessories industry P/B ratio of 2.49x.SNA could be undervalued based on its P/E ratio of 14.19x, relative to Tools & Accessories industry P/E ratio of 18.33x.You can use many financial metrics, analyses, models, and charts to gauge SNA's fair value. You can see all of the due diligence checks on SNA's stock page. WallStreetZen was created to help average investors do more accurate fundamental analysis. Monitor your SNA investment: Create a watchlist to monitor your investment in Snap On shares.Make your SNA buy order: Decide if you will purchase SNA shares at the current market price or use a limit order to buy SNA stock at a particular price.Is Snap On stock a good investment? Should you buy shares of SNA? How do SNA's underlying business fundamentals look? Do top analysts think Snap On is a good buy? Why has SNA's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if SNA is a good stock to buy). Analyze Snap On stock: The Snap On ticker symbol is SNA.Put funds into your investment account: Pick your payment method and add your information.Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.Figure out where to buy Snap On stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Snap On stock.
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