Analysts expect that Fastenal (NASDAQ:FAST) will report earnings per share (EPS) of $0.60 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Fastenal’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.62. Fastenal posted earnings of $0.46 per share in the same quarter last year, which would suggest a positive year over year growth rate of 30.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, April 11th.
According to Zacks, analysts expect that Fastenal will report full-year earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.43 to $2.60. For the next financial year, analysts expect that the company will post earnings of $2.73 per share, with EPS estimates ranging from $2.60 to $2.88. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Fastenal.
Fastenal (NASDAQ:FAST) last posted its earnings results on Wednesday, January 17th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Fastenal had a net margin of 13.18% and a return on equity of 27.39%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis.
Fastenal (NASDAQ FAST) traded down $0.39 during trading on Wednesday, hitting $57.37. 1,370,000 shares of the stock were exchanged, compared to its average volume of 2,500,000. Fastenal has a 12-month low of $39.79 and a 12-month high of $58.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.40 and a current ratio of 5.51. The company has a market cap of $16,500.00, a P/E ratio of 29.88, a PEG ratio of 1.65 and a beta of 0.99.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Wednesday, January 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.58%. This is an increase from Fastenal’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, January 30th. Fastenal’s dividend payout ratio is presently 77.08%.
In other Fastenal news, insider Charles S. Miller sold 26,250 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $56.50, for a total value of $1,483,125.00. Following the transaction, the insider now directly owns 26,250 shares in the company, valued at approximately $1,483,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary A. Polipnick sold 2,634 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $53.45, for a total transaction of $140,787.30. Following the completion of the transaction, the insider now owns 59,323 shares in the company, valued at $3,170,814.35. The disclosure for this sale can be found here. Insiders have sold a total of 36,384 shares of company stock worth $2,048,712 over the last quarter. 0.56% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC bought a new position in Fastenal in the 4th quarter worth about $104,000. Exane Derivatives bought a new position in Fastenal in the 4th quarter worth about $110,000. SeaCrest Wealth Management LLC bought a new position in Fastenal in the 4th quarter worth about $115,000. Fuller & Thaler Asset Management Inc. bought a new position in Fastenal in the 3rd quarter worth about $114,000. Finally, Squar Milner Financial Services LLC bought a new position in Fastenal in the 4th quarter worth about $202,000. Institutional investors and hedge funds own 85.00% of the company’s stock.
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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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