Snap-on Incorporated (NYSE:SNA) – Stock analysts at Barrington Research boosted their Q1 2018 earnings per share (EPS) estimates for shares of Snap-on in a research report issued on Monday. Barrington Research analyst G. Prestopino now forecasts that the company will post earnings of $2.75 per share for the quarter, up from their previous forecast of $2.59. Barrington Research currently has a “Outperform” rating and a $185.00 price target on the stock. Barrington Research also issued estimates for Snap-on’s Q2 2018 earnings at $2.98 EPS, Q3 2018 earnings at $2.81 EPS, Q4 2018 earnings at $2.69 EPS, FY2018 earnings at $11.24 EPS, Q1 2019 earnings at $3.01 EPS, Q2 2019 earnings at $3.25 EPS, Q3 2019 earnings at $2.97 EPS and FY2019 earnings at $12.17 EPS.
Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 8th. The company reported $2.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.03. The business had revenue of $974.60 million for the quarter, compared to analysts’ expectations of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.47 EPS.
Snap-on (NYSE SNA) opened at $159.25 on Tuesday. Snap-on has a twelve month low of $140.83 and a twelve month high of $185.47. The company has a market capitalization 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 debt-to-equity ratio of 0.25, a current ratio of 1.78 and a quick ratio of 1.24.
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 stock was sold at an average price of $174.55, for a total value of $3,609,694.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Anup R. Banerjee sold 2,091 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $160.11, for a total value of $334,790.01. The disclosure for this sale can be found here. Insiders sold 43,838 shares of company stock worth $7,616,330 over the last quarter. 3.70% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio raised its position in Snap-on by 5.4% in the third quarter. Strs Ohio now owns 441,422 shares of the company’s stock valued at $65,776,000 after purchasing an additional 22,690 shares during the period. Reinhart Partners Inc. purchased a new stake in Snap-on in the third quarter valued at approximately $18,143,000. Cohen & Steers Inc. purchased a new stake in Snap-on in the third quarter valued at approximately $9,707,000. Toronto Dominion Bank raised its position in Snap-on by 11.3% in the third quarter. Toronto Dominion Bank now owns 21,858 shares of the company’s stock valued at $3,257,000 after purchasing an additional 2,227 shares during the period. Finally, Bristol Gate Capital Partners Inc. raised its position in Snap-on by 11.0% in the third quarter. Bristol Gate Capital Partners Inc. now owns 209,855 shares of the company’s stock valued at $31,270,000 after purchasing an additional 20,846 shares during the period. 99.00% of the stock is currently owned by institutional investors.
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.
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