Snap-on Incorporated (SNA) Forecasted to Earn FY2019 Earnings of $11.95 Per Share
Snap-on Incorporated (NYSE:SNA) – Stock analysts at Barrington Research issued their FY2019 EPS estimates for shares of Snap-on in a research note issued to investors on Thursday. Barrington Research analyst G. Prestopino anticipates that the company will earn $11.95 per share for the year. Barrington Research currently has a “Outperform” rating and a $185.00 target price on the stock.
SNA has been the topic of several other research reports. B. Riley restated a “buy” rating on shares of Snap-on in a report on Wednesday, November 1st. Oppenheimer restated a “buy” rating and issued a $177.00 target price on shares of Snap-on in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of Snap-on from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a report on Wednesday, December 20th. Jefferies Group restated a “hold” rating and issued a $175.00 target price on shares of Snap-on in a report on Friday, November 3rd. Finally, Robert W. Baird cut their price target on shares of Snap-on from $220.00 to $211.00 and set an “outperform” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $195.50.
Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.03. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The firm had revenue of $974.60 million for the quarter, compared to analysts’ expectations of $940.50 million. During the same quarter last year, the business earned $2.47 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in SNA. Dimensional Fund Advisors LP boosted its holdings in Snap-on by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 314,173 shares of the company’s stock valued at $49,637,000 after acquiring an additional 28,259 shares in the last quarter. Employees Retirement System of Texas boosted its holdings in shares of Snap-on by 166.7% during the 2nd quarter. Employees Retirement System of Texas now owns 8,000 shares of the company’s stock valued at $1,264,000 after buying an additional 5,000 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Snap-on by 6.5% during the 2nd quarter. Janus Henderson Group PLC now owns 223,644 shares of the company’s stock valued at $35,335,000 after buying an additional 13,737 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Snap-on by 11.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,597 shares of the company’s stock valued at $252,000 after buying an additional 165 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Snap-on by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,607 shares of the company’s stock valued at $10,840,000 after buying an additional 2,741 shares in the last quarter. Institutional investors and hedge funds own 99.00% of the company’s stock.
In related news, CEO Nicholas T. Pinchuk sold 20,680 shares of Snap-on stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.70% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Snap-on Incorporated (SNA) Forecasted to Earn FY2019 Earnings of $11.95 Per Share” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/snap-on-incorporated-sna-forecasted-to-earn-fy2019-earnings-of-11-95-per-share/1861153.html.
Snap-on Company Profile
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.
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.