Fastenal (NASDAQ:FAST) is scheduled to announce its earnings results before the market opens on Wednesday, October 10th. Analysts expect the company to announce earnings of $0.67 per share for the quarter.
Fastenal (NASDAQ:FAST) last announced its quarterly earnings results on Wednesday, July 11th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.66 by $0.08. Fastenal had a net margin of 14.57% and a return on equity of 30.82%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $0.52 earnings per share. Fastenal’s revenue was up 13.1% compared to the same quarter last year. On average, analysts expect Fastenal to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ:FAST opened at $56.49 on Monday. Fastenal has a 52 week low of $42.51 and a 52 week high of $61.14. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.62 and a beta of 0.92. The company has a current ratio of 5.62, a quick ratio of 2.57 and a debt-to-equity ratio of 0.19.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Fastenal from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Saturday, July 14th. BMO Capital Markets dropped their price target on shares of Fastenal from $57.00 to $54.00 and set a “market perform” rating on the stock in a research note on Friday, July 6th. Wells Fargo & Co raised their price target on shares of Fastenal from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, July 12th. ValuEngine upgraded shares of Fastenal from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Finally, BidaskClub upgraded shares of Fastenal from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Fastenal has an average rating of “Hold” and a consensus target price of $56.90.
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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