Snap-on Announces First Quarter 2017 Results
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Snap-On (SNA) PT Raised to $175 at Jefferies; Reiterates Hold
April 21, 2017 7:29 AM EDTJefferies raised its price target on Snap-On (NYSE: SNA) to $175.00 (from $165.00) while maintaining a Hold rating. SNA reported Q1 EPS of $2.39. RS&I posted strong organic growth of 7.8%. Going forward, Jefferies expects stronger RS&I growth to offset continued low to mid-singledigit Tools... More
Snap-On (SNA) Tops Q1 EPS by 3c
April 20, 2017 6:31 AM EDTSnap-On (NYSE: SNA) reported Q1 EPS of $2.39, $0.03 better than the analyst estimate of $2.36. Revenue for the quarter came in at $887.1 million versus the consensus estimate of $879.02 million.
Net sales of $887.1 million increased $52.9 million, or 6.3%, from 2016 levels, reflecting a $33.4 million, or 4.1%, organic sales gain and $29.1 million of acquisition-related sales, partially offset by $9.6 million of unfavorable foreign currency translation. (See Non-GAAP Measures below for a definition of, and... More