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.
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.
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