Snap-On Incorporated (NYSE:SNA) will announce its earnings results before the market opens on Thursday, October 19th. Analysts expect the company to announce earnings of $2.43 per share for the quarter.

Snap-On (NYSE:SNA) last announced its quarterly earnings results on Thursday, July 20th. The company reported $2.60 EPS for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.05. The business had revenue of $921.40 million during the quarter, compared to analyst estimates of $920.87 million. Snap-On had a net margin of 16.22% and a return on equity of 20.90%. Snap-On’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.36 EPS. On average, analysts expect Snap-On to post $10.09 EPS for the current fiscal year and $11.15 EPS for the next fiscal year.

Shares of Snap-On Incorporated (NYSE:SNA) opened at 150.94 on Thursday. The firm’s 50-day moving average is $147.65 and its 200-day moving average is $156.93. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 15.63 and a beta of 1.05. Snap-On Incorporated has a 52 week low of $140.83 and a 52 week high of $181.73.

Snap-On declared that its Board of Directors has approved a stock repurchase plan on Monday, August 7th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Several equities analysts have commented on the company. BidaskClub raised Snap-On from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised Snap-On from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. FBR & Co set a $205.00 price objective on Snap-On and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $175.00 price objective on shares of Snap-On in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $197.00.

In related news, Director Ruth Ann M. Gillis purchased 265 shares of Snap-On stock in a transaction dated Friday, August 4th. The stock was purchased at an average cost of $152.58 per share, for a total transaction of $40,433.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Iain Boyd sold 18,418 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $147.54, for a total value of $2,717,391.72. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

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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.

Earnings History for Snap-On (NYSE:SNA)

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