|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||52.12 - 53.09|
|52 Week Range||45.96 - 61.14|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||20.57|
|Earnings Date||Jan 15, 2019 - Jan 21, 2019|
|Forward Dividend & Yield||1.60 (3.07%)|
|1y Target Est||58.00|
Industrials are feeling the pinch of the volatile market. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, Scott Gamm and Seema Shah of Principal Global Investors discuss.
U.S. homebuilder sentiment improves for the first time in five months in October backed by solid demand and falling lumber prices.
The distributor of factory-floor basics fell as much as 16 percent on Tuesday morning after reporting third-quarter revenue and gross margin numbers that fell short of analysts’ estimates. It’s the first real verdict on the effectiveness of the draconian price cuts Grainger rolled out last year amid mounting competition from Amazon.com Inc. in the business-to-business marketplace. Grainger had been enjoying outsize sales growth on the back of those cuts, but now it’s lapping tougher comparisons.
CEO and President of Fastenal Co (NASDAQ:FAST) Daniel L Florness bought 2,000 shares of FAST on 10/12/2018 at an average price of $51.95 a share.
The last time the stock market was falling this much , this fast, earnings season helped come to the rescue. On the eve of another earnings season, which ramps up Friday with reports from four of the country's biggest banks, investors hope it can happen again. Stocks are tumbling for similar reasons as in March, led by concerns that rising interest rates will derail markets and trade tensions will hurt the global economy.
The Stoxx Europe 600 Index tumbled 1.7 percent to the lowest level since January 2017. European stocks sank to the lowest level since March on Wednesday as investors turned defensive amid concerns ranging from slowdown in demand for luxury fashion products and microchips to the sustainability of Italy’s debt. Investors will be carefully watching the earnings reports for signs of profits being hurt by the trade wars after Fastenal Co. warned that new U.S. tariffs on China-sourced goods are “directly impacting" customers.
Stocks got drubbed on Wednesday and for the second time this year, investors are staring at sharp, quick losses in the major averages with no obvious reason why. On Thursday, inflation data will be key in determining whether it's another ugly day on Wall Street.
The market sold off sharply due in part to rising interest rates. Meanwhile, Fastenal reported earnings and TransDigm Group announced plans to acquire Esterline Technologies.
Fastenal reported better-than-expected earnings and revenue, but weaker than expected gross margins. Much of Fastenal’s earnings call was spent discussing higher costs. Although freight rates are rising, and oil is up 21% this year, most of the inflation talk was linked to trade.
This is an increase over the company’s earnings per share of 50 cents from the same time last year. It also beat out Wall Street’s earnings per share estimate of 67 cents for the quarter, but couldn’t keep Fastenal stock from falling today. Fastenal notes that part of the reason for the major increase to its earnings per share for the third quarter of the year was the Tax Act.
Swollen profit estimates and high valuations have left companies with little wiggle room as they combat trade tensions and higher bills for everything from materials to labor and freight. Fastenal Co. — a distributor of factory-floor basics whose results are often a harbinger for its industrial customers, which report in the coming weeks — unofficially kicked things off on Wednesday. Fastenal reported a 13 percent increase in third-quarter net revenue but retained only about 48 cents of each dollar of sales in gross profit.
Growth in industrial vending business and existing Onsite locations, along with a lower tax rate aid Fastenal (FAST) to report higher Q3 numbers.
Fastenal (FAST) delivered earnings and revenue surprises of 2.99% and 0.64%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The S&P 500 ended the day down 0.14%, resting right on a pivotal support line. Instead, stock charts of Kinder Morgan (NYSE:KMI), Fastenal Company (NASDAQ:FAST) and PG&E Corporation (NYSE:PCG) are your best bets. Kinder Morgan should ring a bell.
Shares of Fastenal Co. slipped 1.2% in premarket trade Wednesday, after the fasteners, tools and supplies company reported third-quarter results, with lower taxes helping push earnings above expectations. Net income rose to $197.6 million, or 69 cents a share, from $143.1 million, or 50 cents a share, in the same period a year ago. Discrete tax items and a lower tax rate benefited earnings per share by 12 cents. The FactSet EPS consensus was 67 cents. Sales rose 13% to $1.28 billion, just above the FactSet consensus of $1.27 billion, helped by higher unit sales and increased pricing. Signed industrial vending devices increased 23% to 5,877. The stock had run up 12.3% over the past three months while the Dow Jones Industrial Average had gained 6.1%.
The Winona, Minnesota-based company said it had profit of 69 cents per share. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was ...
WINONA, Minn., Oct. 10, 2018 -- Fastenal Company (Nasdaq:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial.
The earnings and economic data schedule is pretty tame on Wednesday while markets will remain focused on Treasury yields sitting near multi-year highs.
WINONA, Minn., Oct. 09, 2018 -- Fastenal Company (Nasdaq:FAST) reported its board of directors declared a dividend of $0.40 per share to be paid in cash on November 21, 2018 to.
On Wednesday, Oct. 10, Fastenal (NASDAQ: FAST ) will release its latest earnings report. Benzinga's outlook for Fastenal is included in the following report. Earnings and Revenue Wall Street analysts see ...
It’s not a household name, but as the first industrial stock to report earnings each quarter, it reveals much about the state of the economy.
Fastenal Company (NASDAQ:FAST), a large-cap worth US$16.2b, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due to their strong balance Read More...