Snap-on (NYSE:SNA) Announces Quarterly Earnings Results

Snap-on (NYSE:SNA) posted its quarterly earnings data on Thursday. The company reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.78 by $0.04, RTT News reports. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period in the previous year, the firm earned $4.75 earnings per share.

Snap-on Stock Performance

SNA opened at $338.05 on Friday. The firm has a market capitalization of $17.75 billion, a PE ratio of 17.34, a PEG ratio of 2.13 and a beta of 0.99. The company has a current ratio of 4.15, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22. Snap-on has a twelve month low of $252.98 and a twelve month high of $373.89. The firm’s 50-day moving average price is $348.45 and its 200 day moving average price is $318.53.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SNA. Bank of America boosted their price target on shares of Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a report on Friday, October 18th. Barrington Research reissued an “outperform” rating and set a $360.00 target price on shares of Snap-on in a research note on Monday, February 3rd. Roth Mkm raised their price target on shares of Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Robert W. Baird boosted their price objective on Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Tigress Financial raised their target price on Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Snap-on currently has an average rating of “Hold” and an average target price of $347.40.

Insider Buying and Selling at Snap-on

In other news, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now owns 2,289 shares in the company, valued at $830,586.54. The trade was a 60.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now directly owns 769,738 shares of the company’s stock, valued at $273,126,134.54. This represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,192 shares of company stock worth $11,400,978. Insiders own 4.10% of the company’s stock.

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 & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.