Wall Street analysts forecast that Snap-on Incorporated (NYSE:SNA) will post sales of $955.91 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Snap-on’s earnings. The highest sales estimate is $974.00 million and the lowest is $926.00 million. Snap-on posted sales of $954.60 million in the same quarter last year, which suggests a positive year over year growth rate of 0.1%. The company is scheduled to issue its next quarterly earnings results on Thursday, July 18th.

On average, analysts expect that Snap-on will report full-year sales of $3.77 billion for the current year, with estimates ranging from $3.72 billion to $3.82 billion. For the next year, analysts expect that the company will post sales of $3.91 billion, with estimates ranging from $3.85 billion to $3.97 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Snap-on.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, April 18th. The company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.91 by $0.10. The company had revenue of $921.70 million during the quarter, compared to analyst estimates of $933.13 million. Snap-on had a net margin of 18.64% and a return on equity of 21.66%. Snap-on’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.79 earnings per share.

A number of analysts have recently issued reports on SNA shares. TheStreet raised shares of Snap-on from a “c+” rating to a “b-” rating in a research note on Friday, January 11th. Barrington Research set a $185.00 target price on shares of Snap-on and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research upgraded shares of Snap-on from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Robert W. Baird downgraded shares of Snap-on from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $186.00 to $160.00 in a report on Wednesday, April 10th. Finally, Bank of America downgraded shares of Snap-on from a “buy” rating to a “neutral” rating and set a $168.00 target price for the company. in a report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Snap-on presently has a consensus rating of “Hold” and an average price target of $184.00.

In related news, VP Iain Boyd sold 26,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $158.79, for a total value of $4,207,935.00. Following the sale, the vice president now owns 19,038 shares in the company, valued at $3,023,044.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Thomas J. Ward sold 21,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $169.75, for a total value of $3,564,750.00. The disclosure for this sale can be found here. Insiders have sold 78,327 shares of company stock worth $12,687,933 in the last 90 days. Insiders own 3.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Gravity Wealth Inc. acquired a new position in Snap-on in the 1st quarter valued at $108,000. Strs Ohio increased its stake in shares of Snap-on by 9.3% in the 1st quarter. Strs Ohio now owns 11,453 shares of the company’s stock worth $1,792,000 after acquiring an additional 976 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Snap-on by 2.5% in the 1st quarter. Gulf International Bank UK Ltd now owns 12,135 shares of the company’s stock worth $1,899,000 after acquiring an additional 300 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of Snap-on by 26.1% in the 1st quarter. IFM Investors Pty Ltd now owns 3,861 shares of the company’s stock worth $604,000 after acquiring an additional 800 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. acquired a new stake in shares of Snap-on in the 1st quarter worth $8,200,000.

Shares of SNA opened at $168.41 on Friday. The firm has a market cap of $9.34 billion, a PE ratio of 14.26, a P/E/G ratio of 1.64 and a beta of 1.26. Snap-on has a 12-month low of $135.29 and a 12-month high of $189.46. The company has a quick ratio of 1.62, a current ratio of 2.42 and a debt-to-equity ratio of 0.29.

About Snap-on

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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