FAST - Fastenal Company
| Previous Close | 36.02 |
| Open | 36.00 |
| Bid | 35.66 x 1300 |
| Ask | 35.85 x 1400 |
| Day's Range | 35.81 - 36.16 |
| 52 Week Range | 24.00 - 36.58 |
| Volume | 3,827,555 |
| Avg. Volume | 4,718,846 |
| Market Cap | 20.551B |
| Beta (3Y Monthly) | 1.63 |
| PE Ratio (TTM) | 26.29 |
| EPS (TTM) | 1.36 |
| Earnings Date | Jan 15, 2020 - Jan 20, 2020 |
| Forward Dividend & Yield | 0.88 (2.47%) |
| Ex-Dividend Date | 2019-10-24 |
| 1y Target Est | 34.33 |
- Investopedia
5 Industrial Stocks to Watch After Short Cycle Downturn
Banking on a short economic slowdown, several analysts and investors believe that cyclical stocks will rally by mid-2020.
- Thomson Reuters StreetEvents
Edited Transcript of FAST earnings conference call or presentation 11-Oct-19 2:00pm GMT
Q3 2019 Fastenal Co Earnings Call
- Barrons.com
Industrial Stocks Look Bad but Some See a Return to Growth by Mid-2020
Manufacturing is suffering through decelerating growth. The good news? Industrials could be out of the doldrums by the middle of 2020, according to at least one analyst.
- Benzinga
Analysts Say Additional Fastenal Upside Is Limited Following Earnings Pop
Fastenal Company (NASDAQ: FAST) shares jumped 17.2% to a new all-time high on Friday after the company reported earnings and revenue beats. The construction equipment maker reported 7.8% sales growth, while gross margins dropped from 48.1% to 47.2%. Fastenal’s strong quarter was reassuring for investors after the company fell short of consensus expectations in the second quarter.
- Benzinga
Banks In Focus This Week As JPMorgan , Goldman Sachs, Others Report Tuesday
Real in the sense that investors will finally have something solid to trade on and not just the latest back and forth around trade talks with China—like the one that helped spike stocks on Friday and now has them looking softer (see more below). Later this week brings Bank of America Corp (NYSE: BAC) and Morgan Stanley (NYSE: MS).
- Simply Wall St.
Why Fastenal Company’s (NASDAQ:FAST) Return On Capital Employed Is Impressive
Today we'll look at Fastenal Company (NASDAQ:FAST) and reflect on its potential as an investment. Specifically, we'll...
- TheStreet.com
Fastenal Slips After Rating Is Cut at Raymond James on Valuation
Raymond James analyst Samuel Darkatsh cuts his recommendation on Fastenal to market perform from strong buy, citing valuation.
- MarketWatch
Fastenal’s stock rockets toward best day in 32 years after earnings beat
Shares of Fastenal Co. soared toward a record high Friday, as the industrials company managed to fend off a continued slowing in economic activity and a mysterious weakening in its local construction business to produce a third-quarter profit and sales that rose above Wall Street forecasts.
- Benzinga
A Look At Benzinga Pro's Most-Searched Tickers For October 11, 2019
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Roku (NASDAQ: ROKU ) shares were up 5.5% to ...
- Insider Monkey
Are Hedge Funds Right About Fastenal Company (FAST)?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
- Zacks
Fastenal (FAST) Stock Gains on Q3 Earnings and Sales Beat
Notable contribution from industrial vending and Onsite locations helps Fastenal (FAST) to post better-than-expected Q3 earnings.
- Reuters
US STOCKS-Wall St rises as trade deal hopes grow; Apple hits record high
Wall Street rose for the third straight session on Friday, as investors expected top-level trade talks between the United States and China to result in a partial trade deal and delay planned U.S. tariff increases. Shares of Apple Inc hit a record high and were the biggest boost to the S&P 500 and Nasdaq, while the technology sector was headed for its best day in five weeks.
- Bloomberg
Manufacturing Soft Landing? Dare to Dream
(Bloomberg Opinion) -- Maybe things aren’t so dire in manufacturing after all. At least not yet. Fastenal Co., a distributor of factory-floor basics, unofficially kicked off industrial earnings season on Friday and the numbers were better than analysts had expected on all major fronts, including overall revenue and gross margin. That fueled a pop of as much as 10% in Fastenal shares in early trading that probably also had something to do with the heavy short interest that accumulated in the stock heading into the earnings release. Fastenal’s better-than-feared results likely also contributed to a pre-market rally in the XLI Industrial Select Sector SPDR fund as investors rethought their expectations for a truly ugly batch of third-quarter industrial earnings.It’s encouraging that Fastenal’s earnings were as resilient as they were in the wake of data from the Institute for Supply Management that showed U.S. factory activity had slowed to the weakest level since 2009 in September. Fastenal reported a 6.1% increase in daily sales in the third quarter, a slowdown from the previous period but not the kind of number you’d expect if the industrial economy was going through the sort of contraction indicated by the ISM data. That’s likely to draw bigger questions about the extent to which a U.S. labor strike at General Motors Co. may have affected the data. The strike is approaching the one-month mark and is having ripple effects as suppliers pile up unneeded inventory. GM’s cross-border supply chains have forced the company to stop work even at some plants in Mexico and Canada.All that being said, it’s clear from Fastenal’s results that the manufacturing slowdown is real, and it’s deepening. While the company’s daily sales grew 5.8% in September, that’s a deceleration from August and July and the weakest monthly pace since January 2017, when manufacturers were emerging from the so-called industrial recession spurred by slumping oil prices. Among Fastenal’s top 100 national accounts, just 58% were growing in September, compared with 88% in January.Fastenal also noted that because of slower economic activity, customers are hitting the pause button on orders for its vending machines that dispense industrial parts, lengthening the sales cycle. Fastenal has made embedded services like vending machines and onsite sales teams the linchpin of its growth strategy as it and other distributors fend off incursions by Amazon.com Inc. Fastenal now expects to sign customers up for about 22,000 vending machines in 2019, down from its previous goal of 23,000 to 25,000.Fastenal’s numbers suggest we may still be on track for the sort of soft landing investors and analysts had been modeling for the manufacturing industry before the ISM numbers blew up that analysis. But make no mistake: the industrial economy is still moving in the wrong direction.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- TheStreet.com
[video]Fastenal Surges to New Highs: What Do the Charts Say Now?
Fastenal shares are surging Friday after reporting earnings. Here's how to trade FAST at new highs now.
- Barrons.com
The Dow Is Rising as Trade Hopes Build, and Earnings Spark Fastenal and SAP
After some upbeat commentary from the White House, investors appear hopeful that U.S.-China trade talks will be more productive than previous rounds.
- Barrons.com
We’re Too Worried About a Recession. That’s the Message From Fastenal’s Earnings.
(FAST) has good news for shareholders, and investors in general: Things aren’t that bad in the industrial economy. Fastenal (ticker: FAST) is a good indicator of what’s going on in industry. It operates more than 3,200 locations and its selling patterns offer a real-time look for investors into inventories, demand, and U.S. business sentiment.
- Benzinga
Fastenal Trades Higher On Q3 Earnings Beat
The company reported quarterly sales of $1.379 billion, which beat the analyst consensus estimate of $1.37 billion by 0.66%. The general slowing in economic activity that was experienced in the second quarter continued in the third quarter, according to Fastenal. Fastenal shares were trading 1.21% higher at $31.02 in Friday's premarket session.
- Zacks
Fastenal (FAST) Q3 Earnings and Revenues Surpass Estimates
Fastenal (FAST) delivered earnings and revenue surprises of 5.71% and 0.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
Fastenal's stock surges as profit, sales rise above expectations
Shares of Fastenal Co. surged 5.6% in premarket trading Friday after the maker of fasteners, tools and manufacturing supplies reported third-quarter profit and sales that rose above expectations. Net income increased to $213.5 million, or 37 cents a share, from $197.6 million, or 34 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 35 cents. Sales grew 7.8% to $1.38 billion, above the FactSet consensus of $1.37 billion, amid higher unit sales and higher product pricing. Fastenal said the "general slowing" in economic activity seen during the second quarter continued into the third quarter. Gross margin declined to 47.2% from 48.1%. The stock has gained 2.2% over the past three months through Thursday, while the S&P 500 has slipped 2.1%.
- Business Wire
Fastenal Company Reports 2019 Third Quarter Earnings
Fastenal Company , a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended September 30, 2019.
- Investing.com
Fastenal Earnings, Revenue Beat in Q3
Investing.com - Fastenal (NASDAQ:FAST) reported third quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
- TheStreet.com
Fastenal Surges on Third-Quarter Earnings Beat
The industrial and construction supply company beats Wall Street's third-quarter earnings and sales expectations.
![[video]Fastenal Surges to New Highs: What Do the Charts Say Now?](https://s.yimg.com/uu/api/res/1.2/19aKZFIeuni_tRyWDw42ag--~B/Zmk9c3RyaW07aD0xMjM7cHlvZmY9MDtxPTgwO3c9MjIwO3NtPTE7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/thestreet.com/02c56097976001c682083f0689bf4876)
