Fastenal (NASDAQ:FAST – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 12th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Fastenal (NASDAQ:FAST – Get Free Report) last released its quarterly earnings results on Thursday, July 13th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Fastenal had a return on equity of 34.63% and a net margin of 15.52%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. Fastenal’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts expect Fastenal to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Fastenal Trading Up 1.5 %
Shares of FAST opened at $55.02 on Thursday. Fastenal has a 1-year low of $43.73 and a 1-year high of $59.43. The company has a 50-day moving average of $56.25 and a 200 day moving average of $55.52. The firm has a market capitalization of $31.43 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 3.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.26 and a quick ratio of 2.13.
Fastenal Announces Dividend
Analyst Ratings Changes
FAST has been the subject of several analyst reports. HSBC initiated coverage on shares of Fastenal in a research note on Friday, September 15th. They issued a “hold” rating and a $59.00 target price for the company. Jefferies Financial Group upped their price objective on shares of Fastenal from $50.00 to $60.00 in a research report on Friday, June 16th. StockNews.com began coverage on shares of Fastenal in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Stephens downgraded shares of Fastenal from an “overweight” rating to an “equal weight” rating and set a $60.00 price target on the stock. in a research note on Thursday, July 13th. They noted that the move was a valuation call. Finally, Robert W. Baird raised their price target on shares of Fastenal from $57.00 to $60.00 in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.00.
Get Our Latest Analysis on FAST
Insider Transactions at Fastenal
In other news, Director Reyne K. Wisecup sold 19,564 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $56.78, for a total transaction of $1,110,843.92. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at $1,135,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Reyne K. Wisecup sold 19,564 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $56.78, for a total transaction of $1,110,843.92. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $1,135,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Ancius acquired 500 shares of Fastenal stock in a transaction that occurred on Monday, July 17th. The shares were purchased at an average price of $57.53 per share, for a total transaction of $28,765.00. Following the completion of the purchase, the director now directly owns 28,765 shares of the company’s stock, valued at $1,654,850.45. The disclosure for this purchase can be found here. Insiders own 0.45% of the company’s stock.
Hedge Funds Weigh In On Fastenal
A number of institutional investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. boosted its position in Fastenal by 0.4% during the 4th quarter. 1832 Asset Management L.P. now owns 48,972 shares of the company’s stock worth $2,317,000 after acquiring an additional 195 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of Fastenal by 7.6% during the 1st quarter. Penserra Capital Management LLC now owns 2,767 shares of the company’s stock valued at $164,000 after buying an additional 196 shares during the last quarter. Castleview Partners LLC lifted its holdings in shares of Fastenal by 6.8% during the 2nd quarter. Castleview Partners LLC now owns 3,716 shares of the company’s stock valued at $219,000 after buying an additional 236 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Fastenal by 1.8% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 14,876 shares of the company’s stock valued at $802,000 after buying an additional 270 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Fastenal by 4.4% during the 3rd quarter. Mather Group LLC. now owns 6,363 shares of the company’s stock valued at $293,000 after buying an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 78.47% of the company’s stock.
Fastenal Company Profile
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.
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