QQQ   283.80 (-1.63%)
AAPL   115.98 (-2.55%)
MSFT   214.22 (-2.48%)
FB   261.40 (-1.70%)
GOOGL   1,529.95 (-2.41%)
AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
T   26.88 (-1.65%)
F   7.59 (-1.04%)
ACB   4.71 (+17.16%)
GILD   60.57 (-2.31%)
NFLX   530.72 (-0.01%)
BA   167.11 (-0.14%)
BAC   23.72 (-2.15%)
DIS   124.23 (-2.03%)
QQQ   283.80 (-1.63%)
AAPL   115.98 (-2.55%)
MSFT   214.22 (-2.48%)
FB   261.40 (-1.70%)
GOOGL   1,529.95 (-2.41%)
AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
T   26.88 (-1.65%)
F   7.59 (-1.04%)
ACB   4.71 (+17.16%)
GILD   60.57 (-2.31%)
NFLX   530.72 (-0.01%)
BA   167.11 (-0.14%)
BAC   23.72 (-2.15%)
DIS   124.23 (-2.03%)
QQQ   283.80 (-1.63%)
AAPL   115.98 (-2.55%)
MSFT   214.22 (-2.48%)
FB   261.40 (-1.70%)
GOOGL   1,529.95 (-2.41%)
AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
T   26.88 (-1.65%)
F   7.59 (-1.04%)
ACB   4.71 (+17.16%)
GILD   60.57 (-2.31%)
NFLX   530.72 (-0.01%)
BA   167.11 (-0.14%)
BAC   23.72 (-2.15%)
DIS   124.23 (-2.03%)
QQQ   283.80 (-1.63%)
AAPL   115.98 (-2.55%)
MSFT   214.22 (-2.48%)
FB   261.40 (-1.70%)
GOOGL   1,529.95 (-2.41%)
AMZN   3,207.21 (-2.00%)
TSLA   430.83 (-2.01%)
NVDA   539.91 (-2.27%)
BABA   305.29 (-0.66%)
CGC   19.81 (+11.54%)
GE   7.29 (+0.00%)
MU   52.63 (+1.98%)
AMD   82.00 (-1.41%)
T   26.88 (-1.65%)
F   7.59 (-1.04%)
ACB   4.71 (+17.16%)
GILD   60.57 (-2.31%)
NFLX   530.72 (-0.01%)
BA   167.11 (-0.14%)
BAC   23.72 (-2.15%)
DIS   124.23 (-2.03%)
Log in

Zacks: Brokerages Expect Snap-on Incorporated (NYSE:SNA) to Post $2.17 EPS

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

Equities research analysts expect Snap-on Incorporated (NYSE:SNA) to report earnings of $2.17 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Snap-on's earnings, with estimates ranging from $2.04 to $2.49. Snap-on reported earnings per share of $2.96 during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.7%. The company is scheduled to report its next earnings results before the market opens on Thursday, October 22nd.

Zacks Investment Research's EPS averages are an average based on a survey of analysts that cover Snap-on.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Friday, July 31st. The company reported $1.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.94 by ($0.03). The business had revenue of $724.30 million for the quarter, compared to analyst estimates of $704.97 million. Snap-on had a return on equity of 17.12% and a net margin of 16.71%. The business's revenue for the quarter was down 23.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.22 earnings per share.

Several equities analysts recently issued reports on SNA shares. Barrington Research reissued a "buy" rating and issued a $175.00 target price on shares of Snap-on in a research report on Friday, July 31st. TheStreet raised Snap-on from a "c" rating to a "b-" rating in a research report on Monday, June 22nd. Oppenheimer upped their target price on Snap-on from $150.00 to $165.00 in a research report on Tuesday, September 8th. UBS Group assumed coverage on Snap-on in a research report on Tuesday, September 15th. They issued a "sell" rating and a $143.00 target price on the stock. Finally, ValuEngine downgraded Snap-on from a "hold" rating to a "sell" rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average price target of $160.50.

Shares of NYSE SNA traded up $1.19 during mid-day trading on Friday, hitting $159.16. The stock had a trading volume of 417,571 shares, compared to its average volume of 529,397. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.40 and a current ratio of 3.34. The company has a 50 day moving average of $149.84 and a two-hundred day moving average of $137.06. Snap-on has a twelve month low of $90.72 and a twelve month high of $172.61. The firm has a market cap of $8.67 billion, a PE ratio of 15.33, a PEG ratio of 1.60 and a beta of 1.37.

In other news, CEO Nicholas T. Pinchuk sold 27,566 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $150.25, for a total transaction of $4,141,791.50. Also, VP Iain Boyd sold 1,000 shares of the stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $160.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in Snap-on by 3.0% in the 3rd quarter. Raymond James Trust N.A. now owns 2,485 shares of the company's stock valued at $366,000 after buying an additional 73 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Snap-on by 1.7% in the 2nd quarter. CIBC Asset Management Inc now owns 4,735 shares of the company's stock valued at $656,000 after buying an additional 78 shares in the last quarter. Lantz Financial LLC lifted its stake in Snap-on by 1.1% in the 3rd quarter. Lantz Financial LLC now owns 8,871 shares of the company's stock valued at $1,305,000 after buying an additional 96 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in Snap-on by 1.0% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 9,990 shares of the company's stock valued at $1,384,000 after buying an additional 100 shares in the last quarter. Finally, TD Asset Management Inc. lifted its stake in Snap-on by 1.0% in the 2nd quarter. TD Asset Management Inc. now owns 11,055 shares of the company's stock valued at $1,531,000 after buying an additional 106 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

About Snap-on

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

Recommended Story: What is the Fibonacci sequence?

Get a free copy of the Zacks research report on Snap-on (SNA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Snap-on (NYSE:SNA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

7 Stocks That Aggressive Investors Can Buy Now

There’s nothing like a steep market correction to test the risk appetite of even the most seasoned investor. With many investors seeing their 401k’s down 25%, 30% or more, it’s not surprising that many investors are taking money off the table.

And even during the most bullish market conditions, keeping some powder dry is a prudent decision.

But if you have an above-average risk appetite, then sitting on the sidelines is not your cup of tea. If you’re an investor with above-average risk tolerance, there are some opportunities to profit in this market. But you have to be looking in the right places.

At this time, the small-cap sector offers some interesting choices. Small-cap stocks are companies that have a market cap of less than $2 billion. Many of these stocks fall under the category of penny stocks, but that doesn’t make them bad. In some cases, they’re just obscure companies.

But right now, many investors will take growth wherever they can get it. And that’s why you should take a careful look at the 7 stocks we have in this presentation. The cost of entry is not high and the potential reward is worth your interest.

View the "7 Stocks That Aggressive Investors Can Buy Now".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.