Wall Street analysts expect that Fastenal (NASDAQ:FAST) will report $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Fastenal’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.42. Fastenal posted earnings per share of $0.42 in the same quarter last year, which indicates a negative year over year growth rate of 2.4%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, July 13th.
On average, analysts expect that Fastenal will report full-year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.50 to $1.58. For the next fiscal year, analysts anticipate that the company will post earnings of $1.70 per share, with EPS estimates ranging from $1.65 to $1.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Fastenal.
Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Monday, April 12th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Fastenal had a net margin of 15.22% and a return on equity of 31.00%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm posted $0.35 EPS. Fastenal’s revenue for the quarter was up 3.7% compared to the same quarter last year.
In other Fastenal news, insider Jeffery Michael Watts sold 31,000 shares of Fastenal stock in a transaction on Monday, March 15th. The shares were sold at an average price of $48.20, for a total transaction of $1,494,200.00. Following the sale, the insider now owns 31,000 shares of the company’s stock, valued at approximately $1,494,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Fieldpoint Private Securities LLC purchased a new position in shares of Fastenal during the 4th quarter worth $25,000. Cypress Capital Management LLC WY purchased a new position in shares of Fastenal during the 1st quarter worth $25,000. Childress Capital Advisors LLC purchased a new position in shares of Fastenal during the 4th quarter worth $32,000. CSat Investment Advisory L.P. raised its holdings in shares of Fastenal by 52.7% during the 1st quarter. CSat Investment Advisory L.P. now owns 643 shares of the company’s stock worth $32,000 after acquiring an additional 222 shares during the period. Finally, Providence Capital Advisors LLC purchased a new position in shares of Fastenal during the 1st quarter worth $34,000. 76.82% of the stock is currently owned by institutional investors.
Shares of NASDAQ FAST traded up $0.16 during midday trading on Friday, reaching $52.84. 14,166 shares of the stock were exchanged, compared to its average volume of 3,244,227. The company has a market capitalization of $30.35 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 3.78 and a beta of 1.27. Fastenal has a twelve month low of $39.15 and a twelve month high of $54.32. The firm has a 50-day moving average price of $52.18. The company has a current ratio of 3.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.13.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 25th. Shareholders of record on Monday, April 26th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, April 23rd. This represents a $1.12 annualized dividend and a yield of 2.12%. Fastenal’s dividend payout ratio (DPR) is presently 75.17%.
Fastenal Company Profile
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, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.
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