Analysts expect Fastenal (NASDAQ:FAST) to post earnings of $0.67 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Fastenal’s earnings, with estimates ranging from $0.65 to $0.68. Fastenal posted earnings per share of $0.61 during the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, April 11th.

According to Zacks, analysts expect that Fastenal will report full-year earnings of $2.84 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.90. For the next fiscal year, analysts forecast that the business will post earnings of $3.05 per share, with EPS estimates ranging from $2.95 to $3.18. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Fastenal.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings data on Thursday, January 17th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. Fastenal had a net margin of 15.14% and a return on equity of 33.48%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.45 earnings per share. Fastenal’s revenue for the quarter was up 13.1% on a year-over-year basis.

FAST has been the subject of several research analyst reports. Buckingham Research increased their target price on Fastenal from $57.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday. ValuEngine upgraded Fastenal from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Morgan Stanley initiated coverage on Fastenal in a research note on Tuesday, December 18th. They set an “equal weight” rating and a $55.00 target price for the company. BidaskClub cut Fastenal from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group initiated coverage on Fastenal in a research note on Monday, January 7th. They set a “hold” rating and a $60.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $58.60.

In related news, CAO Sheryl Ann Lisowski sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $62.50, for a total transaction of $625,000.00. Following the transaction, the chief accounting officer now directly owns 10,300 shares in the company, valued at $643,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael John Dolan sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $60.00, for a total value of $150,000.00. Following the transaction, the director now owns 12,500 shares in the company, valued at $750,000. The disclosure for this sale can be found here. Insiders have sold 87,083 shares of company stock worth $5,458,662 over the last 90 days. 0.62% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Palisade Asset Management LLC raised its stake in shares of Fastenal by 1.0% in the 4th quarter. Palisade Asset Management LLC now owns 30,038 shares of the company’s stock valued at $1,571,000 after acquiring an additional 300 shares in the last quarter. DNB Asset Management AS raised its position in shares of Fastenal by 14.9% in the 4th quarter. DNB Asset Management AS now owns 53,980 shares of the company’s stock worth $2,823,000 after acquiring an additional 7,012 shares in the last quarter. Trust Co. of Virginia VA raised its position in shares of Fastenal by 4.8% in the 4th quarter. Trust Co. of Virginia VA now owns 106,810 shares of the company’s stock worth $5,585,000 after acquiring an additional 4,884 shares in the last quarter. Northern Trust Corp raised its position in shares of Fastenal by 7.9% in the 4th quarter. Northern Trust Corp now owns 3,660,888 shares of the company’s stock worth $191,427,000 after acquiring an additional 267,997 shares in the last quarter. Finally, Green Square Capital LLC raised its position in shares of Fastenal by 9.1% in the 4th quarter. Green Square Capital LLC now owns 131,767 shares of the company’s stock worth $6,890,000 after acquiring an additional 10,940 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fastenal stock traded down $0.04 on Wednesday, hitting $64.93. 72,823 shares of the company’s stock traded hands, compared to its average volume of 2,345,856. The stock has a market cap of $19.08 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. The company has a current ratio of 5.30, a quick ratio of 2.37 and a debt-to-equity ratio of 0.22. Fastenal has a 52-week low of $47.37 and a 52-week high of $67.09.

Fastenal Company Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as 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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