Snap-on Incorporated (NYSE:SNA) – Research analysts at Northcoast Research raised their Q3 2019 earnings per share estimates for shares of Snap-on in a research report issued on Monday, April 22nd. Northcoast Research analyst T. Hayes now expects that the company will earn $2.94 per share for the quarter, up from their previous estimate of $2.91. Northcoast Research also issued estimates for Snap-on’s Q4 2019 earnings at $3.16 EPS, Q3 2020 earnings at $3.19 EPS and Q4 2020 earnings at $3.38 EPS.

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

Several other analysts also recently issued reports on the company. TheStreet upgraded Snap-on from a “c+” rating to a “b-” rating in a research report on Friday, January 11th. Barrington Research set a $185.00 price objective on Snap-on and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research upgraded Snap-on from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Robert W. Baird downgraded 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 research report on Wednesday, April 10th. Finally, Bank of America downgraded Snap-on from a “buy” rating to a “neutral” rating and set a $168.00 target price on the stock. in a research report on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Snap-on currently has an average rating of “Hold” and an average target price of $185.20.

Shares of NYSE:SNA opened at $171.21 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 1.62 and a debt-to-equity ratio of 0.29. Snap-on has a 52-week low of $135.29 and a 52-week high of $189.46. The firm has a market capitalization of $9.34 billion, a PE ratio of 14.50, a P/E/G ratio of 1.64 and a beta of 1.26.

A number of large investors have recently made changes to their positions in the business. Comerica Bank increased its stake in Snap-on by 0.4% during the fourth quarter. Comerica Bank now owns 16,342 shares of the company’s stock worth $2,653,000 after acquiring an additional 64 shares during the last quarter. Leavell Investment Management Inc. increased its stake in Snap-on by 4.3% during the fourth quarter. Leavell Investment Management Inc. now owns 1,587 shares of the company’s stock worth $231,000 after acquiring an additional 65 shares during the last quarter. CWM LLC increased its stake in Snap-on by 1.6% during the fourth quarter. CWM LLC now owns 4,443 shares of the company’s stock worth $646,000 after acquiring an additional 71 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Snap-on by 10.1% during the fourth quarter. Rehmann Capital Advisory Group now owns 788 shares of the company’s stock worth $115,000 after acquiring an additional 72 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Snap-on by 4.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,859 shares of the company’s stock worth $270,000 after acquiring an additional 73 shares during the last quarter.

In other Snap-on news, Chairman Nicholas T. Pinchuk sold 11,783 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $156.68, for a total transaction of $1,846,160.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Thomas J. Ward sold 21,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was 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 over the last quarter. 3.90% of the stock is currently owned by company insiders.

Snap-on Company Profile

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.

See Also: What is the Difference Between Common Shares and Convertible Shares?

Earnings History and Estimates for Snap-on (NYSE:SNA)

Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.