For its second fiscal quarter (ending June 30), Snap-On Inc (NYSE: SNA) has reported a 3% increase in E.P.S. from $4.98 a year ago to $5.15 in the current quarter. This result exceeded the consensus estimate of $4.93 by $0.22. For the latest four quarters through June 30, E.P.S. were $19.59 versus $18.38 for the same period a year ago — an increase of 7%.
Recent Price Action
On 7/18/24, Snap-On Inc (NYSE: SNA) stock declined modestly by -1.9%, closing at $270.54. Moreover, trading volume in this decline was exceptionally high at 255% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.5% 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 highly consistent signals. Snap-On has a neutral Appreciation Score of 47 and a neutral Power Rating of 56, triggering 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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