News articles about Snap-On (NYSE:SNA) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Snap-On earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.7197665391408 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Snap-on Receives Multiple Industry Awards (aviationpros.com)
- ETFs with exposure to Snap-On, Inc. : November 2, 2017 (finance.yahoo.com)
- Head-To-Head Contrast: Snap-On (SNA) versus SPX Corp (SPXC) (americanbankingnews.com)
- Zacks: Analysts Anticipate Snap-On Incorporated (SNA) Will Post Earnings of $2.66 Per Share (americanbankingnews.com)
- Snap-On Incorporated Could Reach $200 – Investorplace.com (investorplace.com)
A number of brokerages have weighed in on SNA. Jefferies Group LLC reissued a “hold” rating and issued a $175.00 price target on shares of Snap-On in a report on Friday. Barrington Research raised shares of Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 price target for the company in a report on Monday, October 23rd. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $177.00 price target on shares of Snap-On in a report on Thursday, October 19th. FBR & Co reissued a “buy” rating and issued a $205.00 price target on shares of Snap-On in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded shares of Snap-On from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Snap-On presently has an average rating of “Hold” and an average price target of $192.00.
Shares of Snap-On (SNA) opened at $158.22 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.75. Snap-On has a 52 week low of $140.83 and a 52 week high of $181.73. The company has a market cap of $9,019.65, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.47 and a beta of 1.12.
Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, October 19th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. The company had revenue of $903.80 million during the quarter, compared to analyst estimates of $889.22 million. During the same period in the prior year, the firm earned $2.22 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts predict that Snap-On will post 10.09 EPS for the current fiscal year.
Snap-On announced that its board has approved a share repurchase plan on Monday, August 7th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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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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