Snap-On Incorporated (NYSE:SNA) – Equities researchers at FBR & Co issued their Q3 2017 EPS estimates for shares of Snap-On in a research report issued on Friday. FBR & Co analyst L. Burke anticipates that the company will post earnings per share of $2.44 for the quarter. FBR & Co currently has a “Buy” rating and a $205.00 price objective on the stock. FBR & Co also issued estimates for Snap-On’s Q4 2017 earnings at $2.73 EPS, FY2017 earnings at $10.15 EPS and FY2018 earnings at $11.08 EPS.
Snap-On (NYSE:SNA) last issued its earnings results on Thursday, July 20th. The company reported $2.60 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 during the quarter, compared to analyst estimates of $920.87 million. During the same period in the previous year, the company posted $2.36 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year.
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Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Snap-On from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “hold” rating and set a $175.00 target price on shares of Snap-On in a report on Thursday, July 6th. CIBC reiterated an “outperform” rating and set a $200.00 target price on shares of Snap-On in a report on Wednesday, April 12th. Oppenheimer Holdings, Inc. started coverage on shares of Snap-On in a report on Tuesday, April 11th. They set an “outperform” rating and a $200.00 target price for the company. Finally, BidaskClub raised shares of Snap-On from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Snap-On currently has a consensus rating of “Hold” and a consensus price target of $198.00.
Shares of Snap-On (NYSE SNA) opened at 147.51 on Monday. The company has a 50-day moving average price of $156.08 and a 200-day moving average price of $166.28. Snap-On has a 12 month low of $145.17 and a 12 month high of $181.73. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 15.27 and a beta of 1.06.
In related news, VP Iain Boyd sold 18,418 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $147.54, for a total value of $2,717,391.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in Snap-On by 2.7% in the first quarter. US Bancorp DE now owns 59,483 shares of the company’s stock worth $10,034,000 after buying an additional 1,543 shares during the last quarter. Alliancebernstein L.P. increased its position in Snap-On by 428.7% in the first quarter. Alliancebernstein L.P. now owns 547,616 shares of the company’s stock worth $92,366,000 after buying an additional 444,039 shares during the last quarter. Macquarie Group Ltd. increased its position in Snap-On by 140.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,400 shares of the company’s stock worth $411,000 after buying an additional 1,400 shares during the last quarter. New England Research & Management Inc. bought a new position in Snap-On during the first quarter worth about $769,000. Finally, Doyle Wealth Management bought a new position in Snap-On during the first quarter worth about $672,000. 91.13% of the stock is owned by institutional investors.
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.
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