Snap-on (NYSE:SNA) announced its quarterly earnings data on Friday. The company reported $1.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.94 by ($0.03), MarketWatch Earnings reports. The business had revenue of $724.30 million during the quarter, compared to analysts’ expectations of $704.97 million. Snap-on had a net margin of 17.83% and a return on equity of 19.64%. Snap-on’s revenue was down 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.22 earnings per share.
SNA opened at $145.87 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.50 and a quick ratio of 1.68. The company’s 50 day simple moving average is $136.82 and its two-hundred day simple moving average is $136.37. Snap-on has a 1-year low of $90.72 and a 1-year high of $172.61. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37.
In other news, CEO Nicholas T. Pinchuk sold 28,628 shares of Snap-on stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $135.05, for a total transaction of $3,866,211.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.20% of the company’s stock.
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.
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