Snap-on Incorporated (SNA) Releases Earnings Results, Beats Expectations By $0.13 EPS

Snap-on Incorporated (SNA) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $2.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $2.23. The company posted revenue of $872.30 million in the period, compared to analysts expectations of $876.70 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 EPS.

Many Wall Street Analysts have commented on Snap-on Incorporated. CL King Initiated Snap-on Incorporated on Jun 28, 2016 to “Buy”, Price Target of the shares are set at $174.

Snap-on Incorporated opened for trading at $160.56 and hit $161.72 on the upside on Wednesday, eventually ending the session at $161.62, with a gain of 0.97% or 1.55 points. The heightened volatility saw the trading volume jump to 5,53,258 shares. Company has a market cap of $9,398 M.

In a different news, on May 17, 2016, Jeanne M Moreno (VP & Chief Information Officer) sold 10,417 shares at $164.71 per share price. According to the SEC, on Apr 26, 2016, Anup R Banerjee (Sr VP & Chief Devel. Officer) sold 6,000 shares at $161.22 per share price. On Mar 10, 2016, Nicholas T Pinchuk (Chairman, President and CEO) sold 25,559 shares at $150.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Snap-on Incorporated (Snap-on) is a manufacturer and marketer of tools equipment diagnostics repair information and systems solutions for professional users. The Company’s products and services include hand and power tools tool storage diagnostics software information and management systems shop equipment and other solutions for vehicle dealerships and repair centers as well as for customers in industries including aviation and aerospace agriculture construction Government and military mining natural resources power generation and technical education. The Company’s business segments include Commercial & Industrial Group the Snap-on Tools Group the Repair Systems & Information Group and Financial Services. It offers its products under the brand names: Snap-on ATI BAHCO Blackhawk Blue-Point Cartec CDI Challenger Fish and Hook Hofmann Irimo John Bean Lindstrom Mitchell1 Nexiq Pro-Cut Sandflex ShopKey Sioux Sun and Williams.

Snap-on Incorporated

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