Equities analysts expect that Fastenal (NASDAQ:FAST) will post $1.08 billion in sales for the current quarter, Zacks reports. Seven analysts have made estimates for Fastenal’s earnings. The highest sales estimate is $1.10 billion and the lowest is $1.05 billion. Fastenal reported sales of $947.95 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.9%. The firm is expected to issue its next earnings report on Wednesday, January 17th.

According to Zacks, analysts expect that Fastenal will report full year sales of $1.08 billion for the current year, with estimates ranging from $4.35 billion to $4.40 billion. For the next fiscal year, analysts expect that the company will post sales of $4.78 billion per share, with estimates ranging from $4.71 billion to $4.88 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Fastenal.

Fastenal (NASDAQ:FAST) last released its quarterly earnings data on Wednesday, October 11th. The company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Fastenal had a net margin of 12.73% and a return on equity of 27.28%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm earned $0.44 EPS. Fastenal’s quarterly revenue was up 11.8% compared to the same quarter last year.

A number of research analysts have weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $51.00 price target (up previously from $46.00) on shares of Fastenal in a research note on Tuesday, October 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $46.00 price target (up previously from $44.00) on shares of Fastenal in a research note on Monday, October 2nd. Stephens set a $54.00 price target on shares of Fastenal and gave the company a “buy” rating in a research note on Wednesday, October 11th. KeyCorp reaffirmed a “buy” rating and issued a $52.00 price target on shares of Fastenal in a research note on Thursday, October 12th. Finally, BidaskClub lowered shares of Fastenal from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.80.

In other news, insider Terry Modock Owen sold 30,000 shares of Fastenal stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $48.02, for a total value of $1,440,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Leland J. Hein sold 10,000 shares of Fastenal stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $48.74, for a total transaction of $487,400.00. Following the completion of the sale, the insider now owns 20,258 shares in the company, valued at $987,374.92. The disclosure for this sale can be found here. Insiders sold 80,112 shares of company stock worth $3,879,832 over the last quarter. 0.55% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nuance Investments LLC acquired a new position in Fastenal during the second quarter worth $3,048,000. Sawtooth Solutions LLC increased its holdings in Fastenal by 15.4% during the second quarter. Sawtooth Solutions LLC now owns 24,473 shares of the company’s stock worth $1,065,000 after buying an additional 3,275 shares during the last quarter. Seven Eight Capital LP increased its holdings in Fastenal by 67.2% during the second quarter. Seven Eight Capital LP now owns 9,700 shares of the company’s stock worth $422,000 after buying an additional 3,900 shares during the last quarter. Girard Partners LTD. increased its holdings in Fastenal by 14.5% during the second quarter. Girard Partners LTD. now owns 11,674 shares of the company’s stock worth $508,000 after buying an additional 1,477 shares during the last quarter. Finally, Korea Investment CORP increased its holdings in Fastenal by 62.5% during the third quarter. Korea Investment CORP now owns 76,983 shares of the company’s stock worth $3,509,000 after buying an additional 29,600 shares during the last quarter. Institutional investors own 84.68% of the company’s stock.

Fastenal (NASDAQ FAST) opened at $52.18 on Monday. The company has a quick ratio of 2.45, a current ratio of 5.36 and a debt-to-equity ratio of 0.21. Fastenal has a one year low of $39.79 and a one year high of $52.89. The firm has a market cap of $14,996.03, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.08.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, October 25th were issued a $0.32 dividend. The ex-dividend date was Tuesday, October 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.45%. Fastenal’s dividend payout ratio (DPR) is presently 68.09%.

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About Fastenal

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.

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Earnings History and Estimates for Fastenal (NASDAQ:FAST)

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