Snap-on Reports Mixed but Improved Second-Quarter Results; Maintaining $128 Fair Value Estimate
Narrow moat rated Snap-on, the hand-tool, repair systems, and diagnostic equipment provider to critical task repair and maintenance professionals, reported earnings per share of $2.60 versus consensus of $2.57 for the first quarter of 2017. Even so, the stock sold-off roughly 3% owing to concerns over sluggish organic growth in the hand-tools segment on a 4% decline in loan originations due to lightly tighter credit policy in financial services. Unfortunately, this 2-star rated stock currently t...Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. Products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education. The company also provides financing programs designed to facilitate the sales of its products and support its franchise business.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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