Snap-on Announces Second Quarter 2020 Results
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Snap-On (SNA) PT Raised to $150 at Oppenheimer
August 3, 2020 8:07 AM EDTOppenheimer analyst Christopher Glynn raised the price target on Snap-On (NYSE: SNA) to $150.00 (from $140.00) while maintaining an Outperform rating.
The analyst commented, "SOT posted (20)% top-line (US franchisees down mid-teens, international off nearly 40%), but June was down just 3%, indicating recession resistance out of... More
Snap-On (SNA) Tops Q2 EPS by 8c
July 31, 2020 6:33 AM EDTSnap-On (NYSE: SNA) reported Q2 EPS of $1.91, $0.08 better than the analyst estimate of $1.83. Revenue for the quarter came in at $724.3 million versus the consensus estimate of $704.97 million.
Outlook:
COVID-19 has spread across the globe during 2020 and is impacting economic activity worldwide. Snap-on experienced improving trends in the second quarter as our operations learned to accommodate the risks and safely pursue opportunities in the COVID-19 environment. In the near term, the... More
