Snap-on (NYSE:SNA) Issues Earnings Results, Misses Expectations By $0.03 EPS

Snap-on (NYSE:SNA) announced its quarterly earnings data on Friday. The company reported $1.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.94 by ($0.03), MarketWatch Earnings reports. The company 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 19.64% and a net margin of 17.83%. Snap-on’s revenue was down 23.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.22 earnings per share.

Shares of SNA stock opened at $145.87 on Friday. Snap-on has a 1 year low of $90.72 and a 1 year high of $172.61. The firm’s fifty day simple moving average is $136.82 and its 200 day simple moving average is $136.37. The firm has a market capitalization of $7.93 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. The company has a current ratio of 2.50, a quick ratio of 1.68 and a debt-to-equity ratio of 0.29.

In other Snap-on news, CEO Nicholas T. Pinchuk sold 28,628 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $135.05, for a total value of $3,866,211.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.20% of the company’s stock.

A number of research firms have recently issued reports on SNA. Barrington Research restated a “buy” rating and issued a $175.00 price target on shares of Snap-on in a research report on Friday. Tigress Financial restated a “buy” rating on shares of Snap-on in a research report on Thursday, May 7th. ValuEngine raised shares of Snap-on from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, TheStreet raised shares of Snap-on from a “c” rating to a “b-” rating in a research note on Monday, June 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Snap-on presently has a consensus rating of “Hold” and a consensus price target of $167.00.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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Earnings History for Snap-on (NYSE:SNA)

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