Fastenal (NASDAQ:FAST) announced its quarterly earnings data on Friday. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01, Bloomberg Earnings reports. Fastenal had a net margin of 14.74% and a return on equity of 32.27%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis.
Shares of FAST opened at $36.34 on Friday. The firm has a market cap of $20.84 billion, a PE ratio of 27.53, a P/E/G ratio of 1.43 and a beta of 1.24. The company has a current ratio of 4.68, a quick ratio of 2.13 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $31.59 and a two-hundred day simple moving average of $41.89. Fastenal has a 1-year low of $24.00 and a 1-year high of $36.58.
A number of equities analysts recently weighed in on the stock. Cleveland Research restated a “hold” rating on shares of Fastenal in a report on Tuesday, September 24th. Morgan Stanley decreased their target price on shares of Fastenal from $31.50 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. BidaskClub upgraded shares of Fastenal from a “hold” rating to a “buy” rating in a research note on Saturday, October 5th. Zacks Investment Research upgraded shares of Fastenal from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a research note on Tuesday, September 10th. Finally, Wells Fargo & Co decreased their target price on shares of Fastenal from $35.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $31.64.
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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