Wall Street analysts expect Snap-on Incorporated (NYSE:SNA) to report sales of $990.61 million for the current quarter, Zacks reports. Five analysts have provided estimates for Snap-on’s earnings, with the lowest sales estimate coming in at $980.00 million and the highest estimate coming in at $999.00 million. Snap-on reported sales of $974.60 million in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The company is expected to report its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Snap-on will report full-year sales of $3.81 billion for the current year, with estimates ranging from $3.80 billion to $3.82 billion. For the next financial year, analysts expect that the business will post sales of $3.95 billion, with estimates ranging from $3.92 billion to $4.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Snap-on.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, October 18th. The company reported $2.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.86 by $0.02. The firm had revenue of $898.10 million for the quarter, compared to the consensus estimate of $928.73 million. Snap-on had a net margin of 16.86% and a return on equity of 21.35%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $2.45 earnings per share.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Snap-on from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Barrington Research reaffirmed a “buy” rating on shares of Snap-on in a research note on Monday, July 16th. Robert W. Baird reduced their target price on shares of Snap-on from $216.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday. Northcoast Research downgraded shares of Snap-on from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. Finally, B. Riley set a $205.00 target price on shares of Snap-on and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Snap-on has a consensus rating of “Buy” and a consensus target price of $192.00.

Shares of NYSE:SNA traded down $0.96 during midday trading on Wednesday, hitting $150.51. The company’s stock had a trading volume of 1,545,110 shares, compared to its average volume of 748,024. The company has a current ratio of 2.31, a quick ratio of 1.60 and a debt-to-equity ratio of 0.30. The company has a market cap of $8.54 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.24 and a beta of 1.15. Snap-on has a 12-month low of $141.63 and a 12-month high of $189.46.

In other news, SVP Aldo John Pagliari sold 6,480 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $177.89, for a total value of $1,152,727.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Nicholas T. Pinchuk sold 21,624 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $169.79, for a total transaction of $3,671,538.96. Following the completion of the sale, the chairman now directly owns 443,955 shares in the company, valued at $75,379,119.45. The disclosure for this sale can be found here. Insiders have sold 32,395 shares of company stock worth $5,553,865 over the last ninety days. 4.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in SNA. Summit Trail Advisors LLC raised its stake in shares of Snap-on by 7,857.1% in the 1st quarter. Summit Trail Advisors LLC now owns 104,158 shares of the company’s stock valued at $104,000 after acquiring an additional 102,849 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of Snap-on in the 2nd quarter valued at approximately $107,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Snap-on in the 2nd quarter valued at approximately $117,000. Legacy Advisors LLC purchased a new stake in shares of Snap-on in the 3rd quarter valued at approximately $127,000. Finally, Conning Inc. purchased a new stake in shares of Snap-on in the 2nd quarter valued at approximately $207,000.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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Earnings History and Estimates for Snap-on (NYSE:SNA)

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