Fastenal (NASDAQ:FAST) will announce its earnings results before the market opens on Wednesday, April 11th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.
Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Wednesday, January 17th. The company reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Fastenal had a return on equity of 27.39% and a net margin of 13.18%. Fastenal’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. On average, analysts expect Fastenal to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Fastenal stock opened at $53.65 on Monday. The firm has a market capitalization of $15,432.32, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.40 and a current ratio of 5.51. Fastenal has a 52 week low of $39.79 and a 52 week high of $58.74.
Several equities analysts have commented on FAST shares. Stephens upped their price objective on Fastenal from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Zacks Investment Research raised Fastenal from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Tuesday, December 26th. Credit Suisse Group reiterated an “outperform” rating and issued a $61.00 target price (up from $52.00) on shares of Fastenal in a report on Tuesday, January 9th. Goldman Sachs initiated coverage on Fastenal in a report on Sunday, March 18th. They issued a “sell” rating and a $49.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $51.00 target price on shares of Fastenal in a report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Fastenal presently has a consensus rating of “Buy” and an average price target of $54.07.
In related news, insider William Joseph Drazkowski sold 7,500 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $56.64, for a total transaction of $424,800.00. Following the completion of the sale, the insider now directly owns 9,460 shares in the company, valued at approximately $535,814.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles S. Miller sold 26,250 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $56.50, for a total value of $1,483,125.00. Following the sale, the insider now owns 26,250 shares of the company’s stock, valued at $1,483,125. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.
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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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