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

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, July 20th. The company reported $2.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.55 by $0.05. The company had revenue of $921.40 million during the quarter, compared to the consensus estimate of $920.87 million. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. Snap-On’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm 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.

Snap-On Incorporated (NYSE:SNA) opened at 152.02 on Tuesday. The firm has a 50-day moving average price of $148.30 and a 200 day moving average price of $156.64. The firm has a market capitalization of $8.75 billion, a P/E ratio of 15.74 and a beta of 1.05. Snap-On Incorporated has a one year low of $140.83 and a one year high of $181.73.

Snap-On declared that its board has approved a share repurchase program on Monday, August 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

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A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Snap-On from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Robert W. Baird reaffirmed an “outperform” rating and issued a $197.00 price objective on shares of Snap-On in a research note on Wednesday, August 2nd. BidaskClub raised shares of Snap-On from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. FBR & Co reaffirmed an “outperform” rating and issued a $205.00 price objective on shares of Snap-On in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $175.00 price objective on shares of Snap-On in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $197.00.

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

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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