Analysts predict that Fastenal (NASDAQ:FAST) will report $1.50 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Fastenal’s earnings, with the lowest sales estimate coming in at $1.48 billion and the highest estimate coming in at $1.51 billion. Fastenal reported sales of $1.51 billion during the same quarter last year, which indicates a negative year over year growth rate of 0.7%. The firm is expected to announce its next earnings results before the market opens on Tuesday, July 13th.
On average, analysts expect that Fastenal will report full year sales of $5.86 billion for the current fiscal year, with estimates ranging from $5.70 billion to $5.92 billion. For the next year, analysts anticipate that the business will report sales of $6.35 billion, with estimates ranging from $6.17 billion to $6.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Fastenal.
Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Monday, April 12th. The company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Fastenal had a net margin of 15.22% and a return on equity of 31.00%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS.
Shares of Fastenal stock traded up $0.16 on Tuesday, hitting $52.84. 14,166 shares of the company traded hands, compared to its average volume of 3,244,227. The company’s 50-day simple moving average is $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 company has a market capitalization of $30.35 billion, a P/E ratio of 34.89, a P/E/G ratio of 3.78 and a beta of 1.27. Fastenal has a 12-month low of $39.15 and a 12-month high of $54.32.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 25th. Investors of record on Monday, April 26th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, April 23rd. Fastenal’s dividend payout ratio is currently 75.17%.
In other Fastenal news, insider Jeffery Michael Watts sold 31,000 shares of the firm’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $48.20, for a total value 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 legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in FAST. Fieldpoint Private Securities LLC bought a new stake in Fastenal in the 4th quarter worth $25,000. Cypress Capital Management LLC WY bought a new stake in Fastenal in the 1st quarter worth $25,000. Childress Capital Advisors LLC bought a new stake in Fastenal in the 4th quarter worth $32,000. CSat Investment Advisory L.P. boosted its stake 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 valued at $32,000 after purchasing an additional 222 shares in the last quarter. Finally, Providence Capital Advisors LLC bought a new stake in shares of Fastenal during the 1st quarter valued at about $34,000. 76.82% of the stock is currently owned by institutional investors and hedge funds.
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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