Snap-on Announces Fourth Quarter and Full Year 2020 Results
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Snap-On (SNA) PT Raised to $205 at Oppenheimer Following EPS
February 5, 2021 1:27 PM ESTOppenheimer analyst Christopher Glynn raised the price target on Snap-On (NYSE: SNA) to $205.00 (from $185.00) while maintaining an Outperform rating.
The analyst commented, "4Q20 product sales beat our slightly under consensus $950M estimate by $124M; sales were a record by $100M (4Q17), all... More
Snap-On (SNA) Tops Q4 EPS by 89c, Revenues Beat
February 4, 2021 6:32 AM ESTSnap-On (NYSE: SNA) reported Q4 EPS of $3.84, $0.89 better than the analyst estimate of $2.95. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $942.78 million.
Net sales of $1,074.4 million in the fourth quarter of 2020 increased $119.2 million, or 12.5% from 2019 levels, reflecting a $102.1 million, or 10.6%, organic sales gain, $9.6 million of favorable foreign currency translation, and $7.5 million of acquisition-related sales.Operating earnings before financial services for the quarter of $216.2 million, or 20.1% of sales, including the impacts from $2.8 million of direct costs associated with COVID-19, $1.5 million of unfavorable currency effects and $1.0... More