Fastenal (FAST) Set to Announce Quarterly Earnings on Wednesday
Fastenal (NASDAQ:FAST) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, January 17th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Fastenal (NASDAQ:FAST) last released its earnings results on Wednesday, October 11th. The company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Fastenal had a return on equity of 27.28% and a net margin of 12.73%. Fastenal’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. On average, analysts expect Fastenal to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Fastenal (NASDAQ:FAST) opened at $55.36 on Wednesday. The firm has a market capitalization of $15,920.00, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.84 and a beta of 1.09. The company has a current ratio of 5.36, a quick ratio of 2.45 and a debt-to-equity ratio of 0.21. Fastenal has a 52-week low of $39.79 and a 52-week high of $55.92.
A number of equities research analysts have commented on the company. Stephens set a $54.00 price target on Fastenal and gave the company a “buy” rating in a report on Wednesday, October 11th. Morgan Stanley reissued an “equal weight” rating and set a $46.00 price target (up from $44.00) on shares of Fastenal in a report on Monday, October 2nd. BMO Capital Markets reissued a “hold” rating and set a $57.00 price target on shares of Fastenal in a report on Tuesday. KeyCorp reissued a “buy” rating and set a $52.00 price target on shares of Fastenal in a report on Thursday, October 12th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $51.00 price target on shares of Fastenal in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $53.00.
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Fastenal Company Profile
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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