Fastenal (NASDAQ:FAST) issued its quarterly earnings data on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01, MarketWatch Earnings reports. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. Fastenal had a net margin of 15.12% and a return on equity of 30.63%. Fastenal’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS.
Shares of FAST traded down $0.53 on Thursday, reaching $48.17. The stock had a trading volume of 158,652 shares, compared to its average volume of 3,462,252. Fastenal has a twelve month low of $26.72 and a twelve month high of $51.89. The firm has a market capitalization of $27.65 billion, a PE ratio of 33.36, a PEG ratio of 3.69 and a beta of 1.21. The firm has a 50-day moving average of $49.44 and a 200 day moving average of $46.91. The company has a quick ratio of 2.16, a current ratio of 4.39 and a debt-to-equity ratio of 0.13.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 3rd. Stockholders of record on Wednesday, February 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, February 2nd. Fastenal’s dividend payout ratio (DPR) is 72.46%.
Several equities research analysts have recently weighed in on FAST shares. Stephens initiated coverage on shares of Fastenal in a research note on Thursday, October 15th. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft cut shares of Fastenal from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research note on Wednesday, December 16th. Argus raised their target price on shares of Fastenal from $43.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Finally, Morgan Stanley boosted their price target on shares of Fastenal from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Fastenal currently has a consensus rating of “Hold” and an average target price of $44.45.
In related news, EVP James C. Jansen sold 35,000 shares of the stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $49.50, for a total value of $1,732,500.00. Following the sale, the executive vice president now directly owns 60,176 shares of the company’s stock, valued at approximately $2,978,712. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Sheryl Ann Lisowski sold 7,114 shares of the firm’s stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $49.62, for a total transaction of $352,996.68. Following the transaction, the chief accounting officer now owns 4,514 shares of the company’s stock, valued at $223,984.68. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.
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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