Fastenal (FAST) Scheduled to Post Earnings on Friday

Fastenal (NASDAQ:FASTGet Free Report) is set to issue its quarterly earnings data before the market opens on Friday, October 11th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Fastenal (NASDAQ:FASTGet Free Report) last issued its quarterly earnings data on Friday, July 12th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Fastenal had a net margin of 15.54% and a return on equity of 33.54%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Fastenal’s revenue for the quarter was up 1.8% compared to the same quarter last year. 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 0.6 %

Shares of NASDAQ:FAST opened at $70.61 on Thursday. The company has a market capitalization of $40.43 billion, a PE ratio of 35.13, a P/E/G ratio of 3.92 and a beta of 1.01. The company has a current ratio of 4.39, a quick ratio of 2.29 and a debt-to-equity ratio of 0.04. Fastenal has a 12-month low of $55.42 and a 12-month high of $79.04. The business’s fifty day simple moving average is $68.53 and its 200-day simple moving average is $67.98.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FAST. Morgan Stanley initiated coverage on shares of Fastenal in a report on Friday, September 6th. They set an “equal weight” rating and a $72.00 price target on the stock. Stephens restated an “equal weight” rating and issued a $56.00 price target on shares of Fastenal in a research note on Monday, July 15th. Bank of America initiated coverage on Fastenal in a research report on Monday. They set a “buy” rating and a $85.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price objective (down from $85.00) on shares of Fastenal in a research report on Monday, July 15th. Finally, Jefferies Financial Group decreased their target price on Fastenal from $74.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.63.

Check Out Our Latest Stock Analysis on Fastenal

Insider Buying and Selling

In other Fastenal news, CEO Daniel L. Florness sold 50,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $69.68, for a total value of $3,484,000.00. Following the completion of the transaction, the chief executive officer now owns 286,018 shares in the company, valued at $19,929,734.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Fastenal news, CEO Daniel L. Florness sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $69.68, for a total value of $3,484,000.00. Following the sale, the chief executive officer now directly owns 286,018 shares of the company’s stock, valued at approximately $19,929,734.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Daniel L. Florness sold 45,744 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $68.14, for a total transaction of $3,116,996.16. Following the transaction, the chief executive officer now owns 286,018 shares of the company’s stock, valued at approximately $19,489,266.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

About Fastenal

(Get Free Report)

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, 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 that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.

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Earnings History for Fastenal (NASDAQ:FAST)

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