For its third fiscal quarter (ending September 30), Snap-On Inc (NYSE: SNA) has reported a 4% increase in E.P.S. from $4.60 a year ago to $4.77 in the current quarter. This result exceeded the consensus estimate of $4.59 by $0.18. E.P.S. were $19.75 for the latest four quarters through September 30 versus $18.79 for the same period a year ago — an increase of 5%.
Recent Price Action
On 10/17/24, Snap-On Inc (NYSE: SNA) stock enjoyed a very large increase of 10.0%, closing at $327.79. Moreover, exceptionally high trading volume at 327% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 14.0% 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 (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Snap-On has a neutral Power Rating of 48 and a neutral Appreciation Score of 46, triggering the Low 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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