Press coverage about Snap-on (NYSE:SNA) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Snap-on earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.5323558049928 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
Shares of Snap-on (SNA) traded down $2.14 during trading on Tuesday, hitting $157.11. 147,724 shares of the stock were exchanged, compared to its average volume of 717,909. The company has a market capitalization of $9,053.31, a PE ratio of 16.73, a PEG ratio of 1.21 and a beta of 1.09. Snap-on has a 52 week low of $140.83 and a 52 week high of $185.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.78.
Snap-on (NYSE:SNA) last posted its quarterly earnings data 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. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The business had revenue of $974.60 million during the quarter, compared to analysts’ expectations of $940.50 million. During the same quarter in the prior year, the business posted $2.47 earnings per share. Snap-on’s revenue was up 9.5% compared to the same quarter last year. equities analysts anticipate that Snap-on will post 10.93 EPS for the current year.
A number of equities analysts recently weighed in on SNA shares. Zacks Investment Research downgraded shares of Snap-on from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. B. Riley restated a “buy” rating and set a $205.00 target price on shares of Snap-on in a report on Thursday, January 4th. FBR & Co restated a “buy” rating and set a $205.00 target price on shares of Snap-on in a report on Thursday, October 19th. Oppenheimer reaffirmed a “buy” rating and set a $177.00 price objective on shares of Snap-on in a research report on Thursday, October 19th. Finally, Barrington Research raised shares of Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price objective for the company in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $195.50.
In other Snap-on news, SVP Anup R. Banerjee sold 2,091 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $160.11, for a total transaction of $334,790.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Dudley Lehman sold 387 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $160.60, for a total value of $62,152.20. Following the completion of the transaction, the director now directly owns 8,376 shares of the company’s stock, valued at approximately $1,345,185.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,838 shares of company stock valued at $7,616,330. Insiders own 3.70% of the company’s stock.
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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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