Fastenal (NASDAQ:FAST – Get Free Report) posted its quarterly earnings data on Friday. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01, RTT News reports. Fastenal had a net margin of 15.54% and a return on equity of 33.54%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis.
Fastenal Stock Performance
FAST stock opened at $69.99 on Friday. The firm has a 50 day simple moving average of $68.53 and a 200 day simple moving average of $68.00. Fastenal has a 52 week low of $55.42 and a 52 week high of $79.04. The stock has a market cap of $40.08 billion, a P/E ratio of 34.82, a P/E/G ratio of 4.13 and a beta of 1.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.29 and a current ratio of 4.39.
Fastenal Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.23%. Fastenal’s dividend payout ratio (DPR) is 77.61%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Fastenal
Insider Activity at Fastenal
In other Fastenal news, CEO Daniel L. Florness sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $69.68, for a total value of $3,484,000.00. Following the completion of the sale, the chief executive officer now owns 286,018 shares in the company, valued at $19,929,734.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Daniel L. Florness sold 45,744 shares of Fastenal stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $68.14, for a total value of $3,116,996.16. Following the completion of the sale, the chief executive officer now owns 286,018 shares of the company’s stock, valued at approximately $19,489,266.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel L. Florness sold 50,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $69.68, for a total transaction of $3,484,000.00. Following the transaction, the chief executive officer now directly owns 286,018 shares in the company, valued at $19,929,734.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.
About Fastenal
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.
See Also
- Five stocks we like better than Fastenal
- What is the Australian Securities Exchange (ASX)
- S&P 500 Hits Record Highs: 3 Stocks With Huge Growth Potential
- Bank Stocks – Best Bank Stocks to Invest In
- AbbVie Stock Eyes New Highs: Analysts See Strong Growth Potential
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- AZZ Stock Gains Momentum: Analysts Forecast 25% Upside From Here
Receive News & Ratings for Fastenal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastenal and related companies with MarketBeat.com's FREE daily email newsletter.