Snap-on beats Q2 sales, profit estimates on growth across segments
SNA•Outlook and capital spending
- Snap-on expects 2026 capital expenditures to approximate $100 mln
- Company anticipates full-year 2026 effective income tax rate will approximate 22%
- Snap-on expects to make ongoing progress leveraging growth opportunities in automotive repair and critical industries
Analyst coverage and valuation
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"
- The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
- Wall Street's median 12-month price target for Snap-On Inc is $415.00, about 2.2% above its July 22 closing price of $406.17
- The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago
Q2 sales and EPS beat estimates
- U.S. tools maker's Q2 sales rose 4.7%, beating analyst expectations
- Diluted EPS for Q2 beat analyst expectations
- Company cites growth in U.S. Tools Group and recent acquisitions as drivers
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $1.24 bln | $1.22 bln (8 Analysts) |
