Revenue Update on Snap-on Incorporated(NYSE:SNA)

Snap-on Incorporated(NYSE:SNA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $872.30M. Analysts estimated a revenue of $876.70M. Earnings per share were $2.36. Analysts had estimated an EPS of $2.23.

In a different note, CL King said it Initiates Coverage on Snap-on Incorporated, according to a research note issued on Jun 28, 2016. The shares have been rated ‘Buy’ by the firm.

Snap-on Incorporated (SNA) made into the market gainers list on Wednesdays trading session with the shares advancing 0.97% or 1.55 points. Due to strong positive momentum, the stock ended at $161.62, which is also near the day’s high of $161.72. The stock began the session at $160.56 and the volume stood at 5,53,258 shares. The 52-week high of the shares is $174.52 and the 52 week low is $133.09. The company has a current market capitalization of $9,398 M and it has 5,81,46,364 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Jeanne M Moreno (VP & Chief Information Officer) sold 10,417 shares at $164.71 per share price.Also, On Apr 26, 2016, Anup R Banerjee (Sr VP & Chief Devel. Officer) sold 6,000 shares at $161.22 per share price.On Mar 10, 2016, Nicholas T Pinchuk (Chairman, President and CEO) sold 25,559 shares at $150.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Snap-on Incorporated (Snap-on) is a manufacturer and marketer of tools equipment diagnostics repair information and systems solutions for professional users. The Company’s products and services include hand and power tools tool storage diagnostics software information and management systems shop equipment and other solutions for vehicle dealerships and repair centers as well as for customers in industries including aviation and aerospace agriculture construction Government and military mining natural resources power generation and technical education. The Company’s business segments include Commercial & Industrial Group the Snap-on Tools Group the Repair Systems & Information Group and Financial Services. It offers its products under the brand names: Snap-on ATI BAHCO Blackhawk Blue-Point Cartec CDI Challenger Fish and Hook Hofmann Irimo John Bean Lindstrom Mitchell1 Nexiq Pro-Cut Sandflex ShopKey Sioux Sun and Williams.

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