Snap-on (SNA) Announces Earnings Results

Snap-on (NYSE:SNA) announced its quarterly earnings data on Thursday. The company reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.02, MarketWatch Earnings reports. The firm had revenue of $898.10 million during the quarter, compared to the consensus estimate of $928.73 million. Snap-on had a return on equity of 21.35% and a net margin of 16.86%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.45 EPS.

SNA stock opened at $150.51 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.31 and a debt-to-equity ratio of 0.30. The firm has a market cap of $8.54 billion, a PE ratio of 14.87, a PEG ratio of 1.24 and a beta of 1.15. Snap-on has a fifty-two week low of $141.63 and a fifty-two week high of $189.46.

In other news, SVP Aldo John Pagliari sold 6,480 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $177.89, for a total transaction of $1,152,727.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Iain Boyd sold 4,291 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $170.03, for a total value of $729,598.73. The disclosure for this sale can be found here. Insiders have sold a total of 32,395 shares of company stock valued at $5,553,865 in the last quarter. 4.00% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on SNA. Robert W. Baird reduced their price objective on Snap-on from $216.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday. Barrington Research restated a “buy” rating and issued a $196.00 price objective on shares of Snap-on in a research note on Tuesday. Zacks Investment Research upgraded Snap-on from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Thursday, October 4th. Northcoast Research downgraded Snap-on from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. Finally, B. Riley set a $205.00 price target on Snap-on and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $192.00.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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Earnings History for Snap-on (NYSE:SNA)

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