FAST - Fastenal Company

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
31.28
+0.60 (+1.96%)
At close: 4:00PM EDT

31.28 0.00 (0.00%)
After hours: 4:59PM EDT

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Previous Close30.68
Open30.54
Bid30.52 x 800
Ask31.44 x 4000
Day's Range30.54 - 31.39
52 Week Range24.00 - 35.94
Volume4,578,532
Avg. Volume4,678,274
Market Cap17.936B
Beta (3Y Monthly)1.61
PE Ratio (TTM)23.52
EPS (TTM)1.33
Earnings DateOct 8, 2019 - Oct 14, 2019
Forward Dividend & Yield0.88 (2.87%)
Ex-Dividend Date2019-07-24
1y Target Est32.63
Trade prices are not sourced from all markets
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  • Thomson Reuters StreetEvents3 hours ago

    Edited Transcript of FAST earnings conference call or presentation 11-Jul-19 2:00pm GMT

    Q2 2019 Fastenal Co Earnings Call

  • Why Fastenal Company's (NASDAQ:FAST) High P/E Ratio Isn't Necessarily A Bad Thing
    Simply Wall St.yesterday

    Why Fastenal Company's (NASDAQ:FAST) High P/E Ratio Isn't Necessarily A Bad Thing

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  • Company News for Jul 12, 2019
    Zacks4 days ago

    Company News for Jul 12, 2019

    Companies in the news are: CI, DAL, BBBY and FAST

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    3 Stocks Move on Thursday

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  • InvestorPlace5 days ago

    Fastenal Company Earnings: FAST Stock Falls on Q2 Miss

    Fastenal Company (NASDAQ:FAST) reported its quarterly earnings results on Thursday, bringing in a profit and sales that were below what analysts called for, which sent the company's stock declining more than 2% today.The Winona, Minn.-based industrial supply business said that for its second quarter of its fiscal year, it amassed earnings of 36 cents per share, which was below its profit of 37 cents per share from the same period a year ago. This figure also missed the Wall Street consensus estimate of 36 cents per share.Fastenal Company's revenue for the period tallied up to $1.37 billion, which missed the Wall Street consensus estimate of $1.38 billion. It is also worth noting that the organization's sales growth was underwhelming, as it came in at 7.9% when compared to the year-ago quarter-this is the first three-month period in which sales have failed to gain at least 10% year-over-year in nine such periods.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis increase was caused in large part due to higher unit sales, which are linked to growth drivers. There were notable contributions from its industrial vending business, onsite locations and construction, among others. Fastenal's daily sales growth was also 7.9%, which missed the 12.2% and 13.1% gains from the first quarter of its 2019 and its year-ago quarter respectively.Daily sales gained 7% on a monthly basis in June, 9.5% in May and 12.5% in April, all below the same amounts in the company's year-ago months.FAST stock is down about 2.9% today. More From InvestorPlace * 7 A-Rated Stocks to Buy for the Rest of 2019 * 10 Best Stocks for 2019: A Volatile First Half * 7 Retail Stocks to Buy for the Second Half of 2019 * 10 Stocks to Sell for an Economic Slowdown The post Fastenal Company Earnings: FAST Stock Falls on Q2 Miss appeared first on InvestorPlace.

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  • Fastenal Books Fast Growth, but Sees Bumpy Conditions Ahead
    Motley Fool5 days ago

    Fastenal Books Fast Growth, but Sees Bumpy Conditions Ahead

    The company anticipates both sales and profitability headwinds in the coming months.

  • Barrons.com5 days ago

    Delta, Walgreens, and Fastenal Raise Their Dividends

    Delta’s quarterly payout will jump to 40.25 cents a share, up from 35 cents. Walgreens will boost its dividend by 4% to 45.75 cents, and Fastenal declared a dividend of 22 cents a share, up by half a cent.

  • MarketWatch5 days ago

    Fastenal's stock drops after profit and revenue miss, raised prices fail to offset inflation

    Shares of Fastenal Co. dropped 4.6% toward a 6-month low, after the industrial and construction supplies distributor reported second-quarter earnings and revenue that missed expectations. Net earnings fell to $204.6 million, or 36 cents a share, from $211.2 million, or 37 cents a share, in the year-ago period, below analyst consensus expectations of 37 cents a share, according to FactSet. Sales rose 7.9% to $1.37 billion, just shy of the FactSet consensus of $1.38 billion. The company said economic activity slowed during the quarter relative to the sequential first quarter. Gross profit as a percentage of sales fell 180 basis points to 46.9%. "While we successfully raised prices as one element of our strategy to offset tariffs placed to date on products sourced from China, those increases were not sufficient to also counter general inflation in the marketplace," the company said in statement. The stock, which is on track for the lowest close since Jan. 24, has slumped 13% over the past three months, while the SPDR Industrial Select Sector ETF has edged up 0.4% and the S&P 500 has gained 3.7%.

  • Fastenal (FAST) Stock Down on Q2 Earnings and Sales Miss
    Zacks5 days ago

    Fastenal (FAST) Stock Down on Q2 Earnings and Sales Miss

    Fastenal (FAST) reports unimpressive Q2 results, as higher unit sales and notable contributions from industrial vending, Onsite locations, and construction are offset by slower activity level.

  • Dow Jones Tops 27,000 Price Level; Blue Chip UnitedHealth Surges
    Investor's Business Daily5 days ago

    Dow Jones Tops 27,000 Price Level; Blue Chip UnitedHealth Surges

    The Dow Jones industrials led the early stock market rally Thursday. Blue chip UnitedHealth surged, but top growth stock Fastenal dove on earnings.

  • Here Come the Earnings Disappointments
    Bloomberg5 days ago

    Here Come the Earnings Disappointments

    (Bloomberg Opinion) -- There’s no denying the slowdown in U.S. manufacturing now.Fastenal Co., a distributor of factory odds and ends, reported second-quarter results that disappointed on almost every level, even in a market that was primed for disappointments. Earnings per share missed analysts’ estimates; it was the biggest quarterly gross margin shortfall in more than five years; and daily sales growth for the quarter was the weakest since the first period in 2017. Analysts had hoped that a slower April was just a temporary blip, and they were encouraged in that thinking by a rebound in Fastenal’s May sales data. It now appears the downward trend is more permanent and marked.Fastenal is often considered a harbinger of things to come for the larger multi-industrial companies it counts as customers. That perception has been challenged by some of the company’s more idiosyncratic circumstances, such as its investments in a network of vending machines and on-site inventory management services as it adapts to Amazon.com Inc.’s foray into industrial distribution. But while the growth benefits of that business-model reinvention (and the irksome margin shrinkage that comes along with it) were present in Fastenal’s second-quarter results, what stood out the most were good old-fashioned macroeconomic headwinds of the kind we’ve been seeing in recent data.The Institute for Supply Management’s gauge of new U.S. factory orders fell to 50 in June, the lowest since December 2015 and a level that indicates zero growth. The JPMorgan Global Manufacturing Purchasing Managers Index fell to 49.4 in June, the second straight month of contraction. The implications for earnings aren’t heartening. While the first quarter was heavy on mixed-bag numbers for industrial companies as a whole – with ongoing strength in the aerospace industry but acute struggles in anything related to the automotive and electronics sectors – the upcoming batch of second-quarter results is likely to be more uniform, and not in a way investors are going to like. Even the aerospace sector is looking less robust – or at least less worthy of inflated valuations – after a downshift in passenger traffic growth. Fastenal’s weak results echo similarly lackluster numbers from fellow distributor MSC Industrial Direct Co. on Wednesday. Sales missed analysts’ estimates for MSC’s fiscal third-quarter, with Chief Executive Officer Erik Gershwind calling out a “step-down” in demand since April and an uncertain pricing environment “due to the overhang of tariffs and trade.”Distributors like Fastenal and MSC have historically been skilled at passing on price increases to their customers, but both Fastenal and MSC appear to be struggling to overcome both the impact of tit-for-tat tariffs in the U.S.-China trade war and the typical cost inflation that comes later in the economic cycle. Fastenal noted that it raised its prices at the end of 2018 and early 2019, but that wasn’t enough. The company is taking additional actions to counter broader cost pressures and the increased tariffs slapped on $200 billion of China-sourced products by President Donald Trump in May. With little real clarity on the trade tensions, the question is whether the demand is strong enough to support yet another round of price increases. The numbers released by Fastenal and MSC this week would seem to suggest otherwise.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.

  • Barrons.com5 days ago

    Industrial Distributor Fastenal Reported Weak Earnings. It’s Bad News for Manufacturing.

    (FAST)—one of the first industrial companies to report earnings and a valuable source of insights about the health of U.S. manufacturing—turned in lower sales and profits than Wall Street analysts were expecting. Falling short of earnings estimates is never a good thing. Fastenal (ticker: FAST) highlighted double-digit percentage-point growth in its vending, On-Site and national account business, but overall activity in its end markets slowed.

  • Fastenal (FAST) Q2 Earnings and Revenues Miss Estimates
    Zacks5 days ago

    Fastenal (FAST) Q2 Earnings and Revenues Miss Estimates

    Fastenal (FAST) delivered earnings and revenue surprises of -2.70% and -0.84%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Benzinga5 days ago

    Fastenal Falls After Q2 Earnings Miss

    Fastenal (NASDAQ: FAST) reported second-quarter earnings of 36 cents per share, which missed the analyst consensus estimate of 37 cents. The company reported quarterly sales of $1.368 billion, which missed the analyst consensus estimate of $1.38 billion. Fastenal explained the most significant factors behind the decline in gross profit percentage in the period were the impacts of customer and product mix and net inflation on product margins, the latter had a larger negative impact on margin than in the first quarter.

  • Business Wire5 days ago

    Fastenal Company Reports 2019 Second Quarter Earnings

    Fastenal Company , a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended June 30, 2019.

  • TheStreet.com5 days ago

    Fastenal's Stock Drops After Industrial Supplier's Earnings Miss

    Higher tariffs on goods produced in China and then imported to the U.S. were a key factor in Fastenal's lower-than-expected earnings.

  • Investing.com5 days ago

    Fastenal Earnings, Revenue Miss in Q2

    Investing.com - Fastenal (NASDAQ:FAST) reported second quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.

  • Investing.com5 days ago

    Top 5 Things to Know in the Market on Thursday

    Investing.com - Here are the top five things you need to know in financial markets on Thursday, July 11:

  • Business Wire6 days ago

    Fastenal Company Announces Cash Dividend

    Fastenal Company reported its board of directors declared a dividend of $0.22 per share to be paid in cash on August 22, 2019 to shareholders of record at the close of business on July 25, 2019.

  • 4 Stocks to Sell Now
    InvestorPlace7 days ago

    4 Stocks to Sell Now

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  • Markit7 days ago

    See what the IHS Markit Score report has to say about Fastenal Co.

    Fastenal Co NASDAQ/NGS:FASTView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and increasing * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is moderately high for FAST with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on July 5. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FAST totaled $82.48 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Barrons.com7 days ago

    Fastenal Earnings Are Coming. What To Expect From the Industrial Company.

    Fastenal is scheduled to report its second-quarter earnings Thursday. Its numbers will hold a lot of clues for investors regarding the health of the industrial economy.