News coverage about Snap-On (NYSE:SNA) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press 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 one, with scores closest to one being the most favorable. Snap-On earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.6992943981078 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- i-BLADES announces snap-on modular accessories for world’s first Smartcase (einpresswire.com)
- Community Newsletter: Preservation Racine encourages building preservation (journaltimes.com)
- Second opinion: Ars readers’ picks for the Deathwatch errata (arstechnica.com)
- MEMA Names 4 Well-Known Execs To Its Board Of Directors (aftermarketnews.com)
- Snap-On (SNA) Given Buy Rating at B. Riley (americanbankingnews.com)
SNA has been the topic of several recent research reports. FBR & Co reissued a “buy” rating and set a $205.00 price target on shares of Snap-On in a research report on Thursday, October 19th. Zacks Investment Research lowered Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. B. Riley reissued a “buy” rating and set a $205.00 price target on shares of Snap-On in a research report on Thursday, January 4th. Jefferies Group reissued a “hold” rating and set a $175.00 price target on shares of Snap-On in a research report on Friday, November 3rd. Finally, Oppenheimer reissued a “buy” rating and set a $177.00 price target on shares of Snap-On in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $193.56.
Snap-On (NYSE:SNA) last announced its earnings results on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The company had revenue of $903.80 million for the quarter, compared to analyst estimates of $889.22 million. During the same period in the prior year, the company posted $2.22 EPS. Snap-On’s quarterly revenue was up 8.4% on a year-over-year basis. analysts anticipate that Snap-On will post 10.09 earnings per share for the current year.
In other Snap-On news, CEO Nicholas T. Pinchuk sold 20,680 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $174.55, for a total value of $3,609,694.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.
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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