News coverage about Fastenal (NASDAQ:FAST) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fastenal earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.8931863779638 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Global Industrial Fasteners and Anchors Market Outlook 2018-2023: Fastenal, Hilti, KAMAX, Acument Global … (detroitnews24.com)
- Notable Stocks to Track: Public Service Enterprise Group Incorporated, (NYSE: PEG), Fastenal Company, (NASDAQ … (globalexportlines.com)
- Fastenal (FAST) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
- Notable Active Stock’s Momentum: Fastenal Company, (NASDAQ: FAST), Carrizo Oil & Gas, Inc., (NASDAQ: CRZO) (nysetradingnews.com)
- Trending Stocks to Observe: Fastenal Company (NASDAQ:FAST), Foot Locker, Inc. (NYSE:FL), Marathon Patent Group … (journalfinance.net)
FAST opened at $47.69 on Wednesday. Fastenal has a twelve month low of $39.79 and a twelve month high of $58.74. The company has a quick ratio of 2.30, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The firm has a market cap of $13.81 billion, a PE ratio of 24.71, a PEG ratio of 1.37 and a beta of 0.97.
Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Wednesday, April 11th. The company reported $0.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Fastenal had a net margin of 13.66% and a return on equity of 28.69%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company posted $0.46 earnings per share. Fastenal’s revenue for the quarter was up 13.2% compared to the same quarter last year. research analysts anticipate that Fastenal will post 2.51 earnings per share for the current fiscal year.
FAST has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Fastenal from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, March 26th. Stephens restated a “buy” rating and issued a $60.00 price target on shares of Fastenal in a research report on Wednesday, April 11th. KeyCorp restated a “buy” rating on shares of Fastenal in a research report on Friday, April 13th. BidaskClub cut shares of Fastenal from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 13th. Finally, Robert W. Baird restated a “buy” rating and issued a $57.00 price target on shares of Fastenal in a research report on Tuesday, March 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $54.17.
In other news, insider James C. Jansen sold 29,758 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $52.51, for a total transaction of $1,562,592.58. Following the completion of the sale, the insider now directly owns 22,588 shares in the company, valued at $1,186,095.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen L. Eastman acquired 700 shares of the firm’s stock in a transaction dated Friday, April 27th. The shares were purchased at an average price of $50.31 per share, with a total value of $35,217.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 4,155 shares of company stock valued at $211,378. 0.56% of the stock is currently owned by corporate insiders.
Fastenal Company Profile
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as 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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