News articles about Fastenal (NASDAQ:FAST) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fastenal earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.3572093666144 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Zacks: Brokerages Expect Fastenal (FAST) Will Announce Quarterly Sales of $1.16 Billion (americanbankingnews.com)
- Minimizer Adds 2 North American Regional Managers with Industry Experience (bizjournals.com)
- 2018 team preview: Roush Fenway Racing (nascar.com)
- William Blair Comments on Fastenal’s Q4 2018 Earnings (FAST) (americanbankingnews.com)
- Brokers Set Expectations for Fastenal’s FY2019 Earnings (FAST) (americanbankingnews.com)
Shares of Fastenal (FAST) traded up $1.33 during midday trading on Monday, reaching $53.48. 3,700,800 shares of the company’s stock traded hands, compared to its average volume of 3,234,646. Fastenal has a 1 year low of $39.79 and a 1 year high of $57.81. 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 firm has a market cap of $15,381.06, a PE ratio of 26.46, a P/E/G ratio of 1.53 and a beta of 1.03.
Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Wednesday, January 17th. The company reported $0.45 EPS 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the company posted $0.40 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. analysts expect that Fastenal will post 2.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, January 30th. This is an increase from Fastenal’s previous quarterly dividend of $0.32. Fastenal’s dividend payout ratio (DPR) is 73.63%.
FAST has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Fastenal from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, January 19th. Credit Suisse Group raised shares of Fastenal to a “buy” rating and set a $61.00 price target for the company in a report on Thursday, January 18th. Stephens lifted their target price on shares of Fastenal from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Robert W. Baird reissued a “buy” rating on shares of Fastenal in a research report on Wednesday, January 17th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $51.00 price target on shares of Fastenal in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $53.29.
In other Fastenal news, insider Charles S. Miller sold 26,250 shares of Fastenal stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $56.50, for a total transaction of $1,483,125.00. Following the completion of the sale, the insider now directly owns 26,250 shares in the company, valued at $1,483,125. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $1,440,600.00. The disclosure for this sale can be found here. Insiders have sold 78,884 shares of company stock valued at $4,059,512 in the last 90 days. 0.55% of the stock is currently owned by corporate insiders.
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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