Press coverage about Snap-On (NYSE:SNA) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Snap-On earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.6758305620693 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
Shares of Snap-On (NYSE:SNA) opened at 159.47 on Friday. The stock’s 50 day moving average is $150.72 and its 200 day moving average is $156.22. The company has a market capitalization of $9.18 billion, a PE ratio of 16.51 and a beta of 1.05. Snap-On has a 1-year low of $140.83 and a 1-year high of $181.73.
Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, October 19th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.02. The company had revenue of $903.80 million during the quarter, compared to analyst estimates of $889.22 million. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. Snap-On’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $2.22 earnings per share. On average, equities research analysts anticipate that Snap-On will post $10.09 EPS for the current fiscal year.
Snap-On announced that its Board of Directors has authorized a share repurchase plan on Monday, August 7th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
A number of research firms have weighed in on SNA. BidaskClub raised shares of Snap-On from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of 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 shares of Snap-On and gave the company a “buy” rating in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $175.00 price objective on shares of Snap-On in a research report on Thursday, July 6th. Finally, Barrington Research raised shares of Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 price target for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $192.00.
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In related news, Director Ruth Ann M. Gillis bought 265 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average cost of $152.58 per share, with a total value of $40,433.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.
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