Equities research analysts forecast that Fastenal (NASDAQ:FAST) will post earnings of $0.60 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Fastenal’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.58. Fastenal posted earnings per share of $0.46 in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The business is scheduled to issue its next earnings results on Wednesday, April 11th.
On average, analysts expect that Fastenal will report full-year earnings of $2.50 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.60. For the next financial year, analysts anticipate that the firm will report earnings of $2.71 per share, with EPS estimates ranging from $2.50 to $2.88. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Fastenal.
Fastenal (NASDAQ:FAST) last released its quarterly earnings data on Wednesday, January 17th. The company reported $0.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.45. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Fastenal had a return on equity of 27.39% and a net margin of 13.18%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS.
In related news, insider Gary A. Polipnick sold 2,634 shares of Fastenal stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $53.45, for a total value of $140,787.30. Following the sale, the insider now directly owns 59,323 shares in the company, valued at approximately $3,170,814.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Charles S. Miller sold 26,250 shares of Fastenal stock in a transaction dated 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 completion of the sale, the insider now owns 26,250 shares in the company, valued at $1,483,125. The disclosure for this sale can be found here. Insiders have sold a total of 38,884 shares of company stock worth $2,133,912 over the last 90 days. Insiders own 0.55% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Wolverine Asset Management LLC acquired a new stake in Fastenal in the 4th quarter worth about $104,000. Exane Derivatives acquired a new stake in Fastenal in the 4th quarter worth about $110,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Fastenal in the 3rd quarter worth about $114,000. SeaCrest Wealth Management LLC acquired a new stake in Fastenal in the 4th quarter worth about $115,000. Finally, Cable Hill Partners LLC acquired a new stake in Fastenal in the 3rd quarter worth about $126,000. Institutional investors own 85.08% of the company’s stock.
Fastenal (NASDAQ:FAST) traded up $1.01 during midday trading on Friday, hitting $55.20. The company’s stock had a trading volume of 1,176,012 shares, compared to its average volume of 2,687,522. The stock has a market cap of $15,875.74, a price-to-earnings ratio of 27.46, a P/E/G ratio of 1.58 and a beta of 1.03. Fastenal has a twelve month low of $39.79 and a twelve month high of $57.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.51 and a quick ratio of 2.40.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, January 30th. This is a boost from Fastenal’s previous quarterly dividend of $0.32. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.68%. Fastenal’s dividend payout ratio (DPR) is 73.63%.
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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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