Fastenal (FAST) Expected to Announce Quarterly Earnings on Friday

Fastenal (NASDAQ:FAST) is anticipated to post its quarterly earnings results before the market opens on Friday, January 17th. Analysts expect Fastenal to post earnings of $0.48 per share and revenue of $1,842,560.16 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Fastenal Stock Performance

Fastenal stock opened at $74.27 on Thursday. The company has a quick ratio of 2.29, a current ratio of 4.40 and a debt-to-equity ratio of 0.03. Fastenal has a twelve month low of $61.36 and a twelve month high of $84.88. The company has a market cap of $42.55 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 4.64 and a beta of 1.02. The company’s 50-day moving average price is $78.41 and its 200-day moving average price is $72.81.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FAST shares. UBS Group began coverage on shares of Fastenal in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $88.00 target price for the company. Stephens lifted their price objective on shares of Fastenal from $56.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, October 14th. JPMorgan Chase & Co. increased their price objective on shares of Fastenal from $57.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Robert W. Baird raised their price target on shares of Fastenal from $67.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, HSBC lowered shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 price objective for the company. in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fastenal has an average rating of “Hold” and an average price target of $77.40.

Insider Activity

In other Fastenal news, Director Daniel L. Johnson sold 8,474 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $83.36, for a total transaction of $706,392.64. Following the completion of the transaction, the director now directly owns 10,595 shares of the company’s stock, valued at approximately $883,199.20. This trade represents a 44.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rita J. Heise sold 10,888 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $77.67, for a total value of $845,670.96. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $1,553,400. This represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 74,660 shares of company stock valued at $6,211,126. Company insiders own 0.41% 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 that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.