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Kenosha-based Snap-on Inc. will reopen its Milwaukee facility at 7939 N. Faulkner Road Tuesday night after a third COVID-19 case required the manufacturer to abruptly close its doors April 4.
Moody's Investors Service (Moody's) assigned an A2 rating to Snap-on Incorporated's proposed $500 million notes due 2050. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
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Shares of Snap-on (NYSE:SNA) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 13.62% over the past year to $2.60, which missed the estimate of $2.70.Revenue of $852,200,000 lower by 7.54% from the same period last year, which missed the estimate of $877,690,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 21, 2020View more earnings on SNATime: 09:05 AM ETWebcast URL: https://edge.media-server.com/mmc/p/8ix3dw9qPrice Action Company's 52-week high was at $174.00Company's 52-week low was at $90.72Price action over last quarter: down 26.38%Company Overview Snap-on is a manufacturer of premium tools and software for professional technicians. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest as much as $375,000 in the van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments-repair systems and information, commercial and industrial, and tools-which accounted for 31%, 38%, and 31%, respectively, of its $3.7 billion 2018 manufacturing revenue. Its financing arm generates 8% of consolidated revenue and 24% of operating income.See more from Benzinga * Recap: Lockheed Martin Q1 Earnings * Recap: Coca-Cola Q1 Earnings * Graphic Packaging Holding: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Q1 2020 Snap-On Inc Earnings Call
Snap-on Incorporated (NYSE:SNA), which is in the machinery business, and is based in United States, received a lot of...
NEW YORK, NY / ACCESSWIRE / April 21, 2020 / Snap-On, Inc. (NYSE:SNA) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 21, 2020 at 10:00 AM Eastern ...
An auto-parts retailer, a maker of vehicle-repair tools, and an automotive-component manufacturer are all attractively priced stocks set to benefit from a post-pandemic world.
Snap-On (SNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Weaker sales, currency headwinds and challenging economic conditions stemming from the COVID-19 crisis dented Snap-on's (SNA) Q1 results.
Snap-on's (SNA) first-quarter 2020 results are likely to reflect adverse impacts of foreign currency translation. Nevertheless, benefits from robust business model and growth strategies bode well.
Snap-On (SNA) delivered earnings and revenue surprises of -5.45% and -3.00%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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Snap-On (SNA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Snap-on today announced operating results for the first quarter of 2020.
The Snap-on board of directors declared today a quarterly common stock dividend of $1.08 per share payable June 10, 2020.
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