Snap-On Incorporated (NYSE:SNA) will be issuing its quarterly earnings data before the market opens on Thursday, July 20th.
Snap-On (NYSE:SNA) last announced its earnings results on Thursday, April 20th. The company reported $2.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.05. Snap-On had a return on equity of 20.94% and a net margin of 16.07%. The business had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $877.30 million. During the same period in the prior year, the business posted $2.16 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, analysts expect Snap-On to post $10.09 EPS for the current fiscal year and $11.20 EPS for the next fiscal year.
Shares of Snap-On Incorporated (NYSE:SNA) opened at 159.02 on Tuesday. The company has a market capitalization of $9.22 billion, a PE ratio of 16.86 and a beta of 1.06. Snap-On Incorporated has a one year low of $145.17 and a one year high of $181.73. The company has a 50-day moving average price of $160.62 and a 200 day moving average price of $168.42.
In related news, VP Jeanne M. Moreno sold 12,459 shares of Snap-On stock in a transaction that occurred on 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 sale, the vice president now directly owns 10,486 shares in the company, valued at $1,851,198.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas J. Ward sold 42,000 shares of Snap-On stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $174.88, for a total value of $7,344,960.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.
A number of equities analysts have commented on SNA shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $175.00 price target (up from $165.00) on shares of Snap-On in a research note on Sunday, April 23rd. Oppenheimer Holdings, Inc. started coverage on Snap-On in a research note on Tuesday, April 11th. They issued an “outperform” rating and a $200.00 price target on the stock. CIBC reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Snap-On in a research note on Wednesday, April 12th. Zacks Investment Research lowered Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BidaskClub lowered Snap-On from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $198.00.
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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