Wall Street brokerages forecast that Snap-on Incorporated (NYSE:SNA) will announce earnings per share (EPS) of $3.05 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Snap-on’s earnings, with the lowest EPS estimate coming in at $3.02 and the highest estimate coming in at $3.09. Snap-on reported earnings of $2.69 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.4%. The business is scheduled to report its next quarterly earnings results on Thursday, February 14th.

Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Snap-on.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, October 18th. The company reported $2.88 EPS for the quarter, topping the consensus estimate of $2.86 by $0.02. The firm had revenue of $898.10 million during the quarter, compared to the consensus estimate of $928.73 million. Snap-on had a return on equity of 21.35% and a net margin of 16.86%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.45 earnings per share.

SNA has been the subject of several analyst reports. Barrington Research reissued a “buy” rating and issued a $200.00 price objective on shares of Snap-on in a research note on Monday, August 20th. Zacks Investment Research raised Snap-on from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Thursday, October 4th. Northcoast Research downgraded Snap-on from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. B. Riley set a $205.00 price objective on Snap-on and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Finally, Robert W. Baird lowered their price objective on Snap-on from $216.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Snap-on presently has an average rating of “Buy” and an average target price of $192.00.

In related news, SVP Aldo John Pagliari sold 6,480 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $177.89, for a total transaction of $1,152,727.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Iain Boyd sold 4,291 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $170.03, for a total value of $729,598.73. The disclosure for this sale can be found here. Insiders have sold 32,395 shares of company stock valued at $5,553,865 over the last ninety days. 4.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of SNA. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Snap-on by 4,648.2% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 653,687 shares of the company’s stock valued at $105,061,000 after acquiring an additional 639,920 shares during the last quarter. Schroder Investment Management Group increased its position in Snap-on by 65.8% in the second quarter. Schroder Investment Management Group now owns 770,981 shares of the company’s stock worth $88,263,000 after buying an additional 305,933 shares during the last quarter. Advisors Asset Management Inc. increased its position in Snap-on by 2,706.3% in the second quarter. Advisors Asset Management Inc. now owns 253,354 shares of the company’s stock worth $1,340,000 after buying an additional 244,326 shares during the last quarter. Wells Fargo & Company MN increased its position in Snap-on by 41.7% in the second quarter. Wells Fargo & Company MN now owns 639,556 shares of the company’s stock worth $102,789,000 after buying an additional 188,125 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Snap-on by 32.2% in the second quarter. Dimensional Fund Advisors LP now owns 669,145 shares of the company’s stock worth $107,555,000 after buying an additional 163,025 shares during the last quarter.

Shares of Snap-on stock traded down $0.96 on Monday, hitting $150.51. The company had a trading volume of 1,545,110 shares, compared to its average volume of 748,024. The company has a market cap of $8.54 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.15. Snap-on has a 1 year low of $141.63 and a 1 year high of $189.46. The company has a quick ratio of 1.60, a current ratio of 2.31 and a debt-to-equity ratio of 0.30.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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

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