Fastenal (NASDAQ:FAST) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Fastenal (NASDAQ:FAST) announced its quarterly earnings data on Wednesday. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01, RTT News reports. Fastenal had a return on equity of 34.03% and a net margin of 15.45%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the firm earned $0.29 EPS.

Fastenal Stock Down 0.1%

Shares of NASDAQ FAST opened at $51.43 on Wednesday. Fastenal has a 1 year low of $38.97 and a 1 year high of $52.92. The firm’s 50-day moving average is $50.33 and its 200-day moving average is $47.41. The company has a current ratio of 4.18, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $59.02 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69.

Fastenal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, October 28th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, October 28th. Fastenal’s dividend payout ratio (DPR) is presently 88.14%.

More Fastenal News

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Strong third-quarter performance: Fastenal reported higher third-quarter profit, strong daily sales growth, operating-expense leverage, and continued expansion with larger customers. Growth was supported by its Onsite, digital, and supply-chain solutions. Fastenal Company Reports 2026 Third Quarter Earnings
• Positive Sentiment: Analyst price-target increase: Jefferies raised its target for FAST from $52 to $60, signaling increased confidence in the company’s earnings outlook and growth initiatives. Jefferies raises Fastenal stock target
• Positive Sentiment: Quarterly dividend declared: The board approved a $0.26-per-share dividend payable November 25 to shareholders of record October 28. The payout implies $1.04 in annual dividends and a yield of roughly 2%, providing ongoing shareholder support. Fastenal announces cash dividend and share repurchase activity
• Neutral Sentiment: Expectations were elevated: Ahead of the release, analysts anticipated approximately 16.6% sales growth, driven by industrial demand, customer wins, and digital initiatives. The earnings reaction therefore depends on the magnitude of any revenue or profit beat rather than growth alone. Fastenal Q3 earnings preview
• Negative Sentiment: Valuation and cost risks remain: Fastenal trades near its 52-week high at a premium earnings multiple, leaving less room for disappointment. Analysts also flagged continuing cost pressures, which could limit margin expansion despite solid sales momentum.

Analysts Set New Price Targets

A number of research firms have recently commented on FAST. Robert W. Baird set a $54.00 price objective on shares of Fastenal in a report on Friday, August 7th. William Blair reissued an “outperform” rating on shares of Fastenal in a research note on Friday, September 4th. Rothschild & Co Redburn set a $55.00 price target on shares of Fastenal and gave the stock a “buy” rating in a research report on Monday, July 13th. DA Davidson set a $51.00 price target on shares of Fastenal in a research note on Tuesday. Finally, Wolfe Research started coverage on Fastenal in a report on Tuesday, September 15th. They set an “underperform” rating and a $51.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Fastenal presently has an average rating of “Hold” and a consensus price target of $49.92.

Insiders Place Their Bets

In related news, Director Rita Heise sold 34,964 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $50.05, for a total transaction of $1,749,948.20. Following the sale, the director owned 20,000 shares of the company’s stock, valued at approximately $1,001,000. This trade represents a 63.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael J. Ancius sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $49.00, for a total value of $147,000.00. Following the completion of the transaction, the director owned 58,690 shares of the company’s stock, valued at $2,875,810. This represents a 4.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.28% of the company’s stock.

Fastenal Company Profile

Fastenal Company is a distributor of industrial and construction supplies serving businesses, contractors, manufacturers and other organizations. Its product offerings include fasteners such as bolts, nuts and screws, as well as safety equipment, tools, cutting tools, material-handling products, electrical and plumbing supplies, and maintenance and repair items.

The company sells products through a network of branch locations, onsite customer facilities, industrial vending machines and digital platforms.