Snap-on Incorporated (SNA) Forecasted to Earn FY2019 Earnings of $11.95 Per Share

Snap-on Incorporated (NYSE:SNA) – Research analysts at Barrington Research issued their FY2019 earnings per share estimates for Snap-on in a report released on Thursday. Barrington Research analyst G. Prestopino anticipates that the company will post earnings of $11.95 per share for the year. Barrington Research has a “Outperform” rating and a $185.00 price objective on the stock.

SNA has been the topic of several other reports. FBR & Co reaffirmed a “buy” rating and set a $205.00 price target on shares of Snap-on in a report on Thursday, October 19th. Jefferies Group reaffirmed a “hold” rating and set a $175.00 price target on shares of Snap-on in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Snap-on from a “buy” rating to a “hold” rating in a report on Friday, January 12th. B. Riley reaffirmed a “buy” rating and set a $205.00 price target on shares of Snap-on in a report on Thursday, January 4th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $177.00 price target on shares of Snap-on in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $195.50.

Shares of Snap-on (NYSE SNA) opened at $158.81 on Monday. The stock has a market cap of $9,053.31, a P/E ratio of 15.68, a P/E/G ratio of 1.21 and a beta of 1.09. The company has a current ratio of 1.78, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. Snap-on has a 1-year low of $140.83 and a 1-year high of $185.47.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.03. The company had revenue of $974.60 million for the quarter, compared to analyst estimates of $940.50 million. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.47 EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. grew its holdings in Snap-on by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,411 shares of the company’s stock worth $222,000 after acquiring an additional 23 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in Snap-on by 11.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,597 shares of the company’s stock worth $252,000 after acquiring an additional 165 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its holdings in Snap-on by 1.4% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 21,056 shares of the company’s stock worth $3,670,000 after acquiring an additional 300 shares during the last quarter. First National Bank of Omaha grew its holdings in Snap-on by 1.0% during the 4th quarter. First National Bank of Omaha now owns 29,599 shares of the company’s stock worth $5,159,000 after acquiring an additional 307 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Snap-on by 2.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 14,261 shares of the company’s stock worth $2,125,000 after acquiring an additional 321 shares during the last quarter. 99.00% of the stock is currently owned by hedge funds and other institutional investors.

In other Snap-on news, CEO Nicholas T. Pinchuk sold 20,680 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $174.55, for a total transaction of $3,609,694.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

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About Snap-on

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.

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