Fastenal (NASDAQ:FAST) to Post FY2025 Earnings of $2.31 Per Share, William Blair Forecasts

Fastenal (NASDAQ:FAST) – Investment analysts at William Blair cut their FY2025 EPS estimates for Fastenal in a report issued on Monday, May 6th. William Blair analyst R. Merkel now anticipates that the company will earn $2.31 per share for the year, down from their previous estimate of $2.32. The consensus estimate for Fastenal’s current full-year earnings is $2.12 per share.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Thursday, April 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS.

Several other research analysts have also issued reports on FAST. Robert W. Baird cut their target price on shares of Fastenal from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Tuesday. Loop Capital cut their price objective on Fastenal from $71.00 to $66.00 and set a “hold” rating for the company in a report on Monday, April 15th. Stifel Nicolaus raised their price objective on Fastenal from $75.00 to $85.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, HSBC upped their target price on Fastenal from $59.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.33.

Fastenal Price Performance

FAST stock opened at $67.62 on Thursday. The firm has a 50 day simple moving average of $72.63 and a two-hundred day simple moving average of $67.29. The stock has a market cap of $38.72 billion, a PE ratio of 33.48, a P/E/G ratio of 3.58 and a beta of 1.07. Fastenal has a one year low of $52.86 and a one year high of $79.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.83 and a quick ratio of 2.49.

Fastenal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.56 dividend on an annualized basis and a yield of 2.31%. Fastenal’s dividend payout ratio (DPR) is currently 77.23%.

Insider Buying and Selling at Fastenal

In other news, Director Daniel L. Johnson bought 3,350 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were purchased at an average price of $68.38 per share, for a total transaction of $229,073.00. Following the completion of the acquisition, the director now owns 10,595 shares of the company’s stock, valued at $724,486.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fastenal news, insider Jeffery Michael Watts sold 19,420 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.25, for a total transaction of $1,364,255.00. Following the transaction, the insider now directly owns 5,940 shares of the company’s stock, valued at approximately $417,285. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel L. Johnson acquired 3,350 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was bought at an average price of $68.38 per share, with a total value of $229,073.00. Following the completion of the acquisition, the director now directly owns 10,595 shares in the company, valued at approximately $724,486.10. The disclosure for this purchase can be found here. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Fastenal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hartford Financial Management Inc. grew its holdings in shares of Fastenal by 46.9% during the 4th quarter. Hartford Financial Management Inc. now owns 479 shares of the company’s stock worth $31,000 after acquiring an additional 153 shares during the period. MCF Advisors LLC grew its stake in Fastenal by 2,172.2% in the first quarter. MCF Advisors LLC now owns 409 shares of the company’s stock worth $32,000 after purchasing an additional 391 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Fastenal in the fourth quarter worth $35,000. Criterion Capital Advisors LLC purchased a new position in Fastenal during the fourth quarter valued at $43,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Fastenal by 283.2% during the 4th quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $49,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Fastenal Company Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.