For its first fiscal quarter (ending March 31), Snap-On Inc (NYSE: SNA) has reported E.P.S. of $4.99 compared to $4.69 a year ago. For the latest four quarters through March 31, E.P.S. were $19.41 versus $17.74 for the same period a year ago.
Recent Price Action
Snap-On Inc (NYSE: SNA) stock suffered a large decline of -7.7% on 4/18/24. The stock closed at $261.76. Moreover, this decline was accompanied by exceptionally high trading volume at 236% of normal. Relative to the market the stock has been strong over the last nine months but has declined -10.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SNA is expected to continue to be a major Value Builder.
Snap-On has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Snap-On has a neutral Appreciation Score of 41 but a good Power Rating of 72, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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