Snap-On Incorporated (SNA) Scheduled to Post Earnings on Thursday

Snap-On Incorporated (NYSE:SNA) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 19th. Analysts expect Snap-On to post earnings of $2.43 per share for the quarter.

Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, July 20th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.05. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. The business had revenue of $921.40 million for the quarter, compared to the consensus estimate of $920.87 million. During the same period in the prior year, the business posted $2.36 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts expect Snap-On to post $10.09 EPS for the current fiscal year and $11.15 EPS for the next fiscal year.

Shares of Snap-On Incorporated (NYSE SNA) opened at 152.25 on Wednesday. Snap-On Incorporated has a 12 month low of $140.83 and a 12 month high of $181.73. The firm’s 50-day moving average price is $148.30 and its 200-day moving average price is $156.64. The stock has a market capitalization of $8.77 billion, a P/E ratio of 15.76 and a beta of 1.05.

Snap-On declared that its Board of Directors has authorized a stock buyback program on Monday, August 7th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Snap-On Incorporated (SNA) Scheduled to Post Earnings on Thursday” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/18/snap-on-incorporated-sna-scheduled-to-post-earnings-on-thursday.html.

In other news, Director Ruth Ann M. Gillis bought 265 shares of the business’s stock in a transaction on Friday, August 4th. The shares were bought at an average price of $152.58 per share, with a total value of $40,433.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Iain Boyd sold 18,418 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $147.54, for a total value of $2,717,391.72. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Several brokerages have recently weighed in on SNA. Zacks Investment Research cut Snap-On from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub cut Snap-On from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Longbow Research cut Snap-On from a “buy” rating to a “neutral” rating in a report on Monday, August 21st. Robert W. Baird restated an “outperform” rating and set a $197.00 target price on shares of Snap-On in a report on Wednesday, August 2nd. Finally, FBR & Co set a $205.00 target price on Snap-On and gave the stock a “buy” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $197.00.

Snap-On Company Profile

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 C

Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, July 20th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.05. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. The business had revenue of $921.40 million for the quarter, compared to the consensus estimate of $920.87 million. During the same period in the prior year, the business posted $2.36 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts expect Snap-On to post $10.09 EPS for the current fiscal year and $11.15 EPS for the next fiscal year.

Shares of Snap-On Incorporated (NYSE SNA) opened at 152.25 on Wednesday. Snap-On Incorporated has a 12 month low of $140.83 and a 12 month high of $181.73. The firm’s 50-day moving average price is $148.30 and its 200-day moving average price is $156.64. The stock has a market capitalization of $8.77 billion, a P/E ratio of 15.76 and a beta of 1.05.

Snap-On declared that its Board of Directors has authorized a stock buyback program on Monday, August 7th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Snap-On Incorporated (SNA) Scheduled to Post Earnings on Thursday” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/18/snap-on-incorporated-sna-scheduled-to-post-earnings-on-thursday.html.

In other news, Director Ruth Ann M. Gillis bought 265 shares of the business’s stock in a transaction on Friday, August 4th. The shares were bought at an average price of $152.58 per share, with a total value of $40,433.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Iain Boyd sold 18,418 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $147.54, for a total value of $2,717,391.72. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Several brokerages have recently weighed in on SNA. Zacks Investment Research cut Snap-On from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub cut Snap-On from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Longbow Research cut Snap-On from a “buy” rating to a “neutral” rating in a report on Monday, August 21st. Robert W. Baird restated an “outperform” rating and set a $197.00 target price on shares of Snap-On in a report on Wednesday, August 2nd. Finally, FBR & Co set a $205.00 target price on Snap-On and gave the stock a “buy” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $197.00.

Snap-On Company Profile

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.

Earnings History for Snap-On (NYSE:SNA)

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