Fastenal (NASDAQ:FAST) Issues Quarterly Earnings Results

Key Points

• Fastenal exceeded quarterly expectations: The company reported earnings of $0.35 per share versus the $0.34 consensus estimate, while revenue of $2.46 billion also topped forecasts of $2.44 billion. EPS increased from $0.29 in the year-ago quarter.
• Quarterly dividend maintained: Fastenal declared a $0.26-per-share dividend payable November 25 to shareholders of record October 28, equating to $1.04 annually and a roughly 2% yield.
• Valuation and insider selling warrant attention: Shares opened at $51.43, near their 52-week high, while directors sold shares in recent transactions. Analysts collectively rate the stock “Hold,” with a consensus price target of $49.92.

Fastenal (NASDAQ:FAST - Get Free Report) released its earnings results on Wednesday. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01, RTT News reports. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Fastenal had a net margin of 15.45% and a return on equity of 34.03%. During the same quarter in the previous year, the firm earned $0.29 EPS.

Fastenal Stock Performance

Shares of Fastenal stock opened at $51.43 on Wednesday. Fastenal has a 12 month low of $38.97 and a 12 month high of $52.92. The company has a quick ratio of 2.21, a current ratio of 4.18 and a debt-to-equity ratio of 0.01. The stock has a market cap of $59.02 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 3.20 and a beta of 0.69. The business has a fifty day simple moving average of $50.33 and a 200-day simple moving average of $47.41.

Fastenal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. Fastenal's payout ratio is currently 88.14%.

Insider Activity

In related news, Director Michael Ancius sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $49.00, for a total transaction of $147,000.00. Following the completion of the sale, the director directly owned 58,690 shares in the company, valued at approximately $2,875,810. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rita J. Heise sold 34,964 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $50.05, for a total transaction of $1,749,948.20. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $1,001,000. This represents a 63.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.28% of the stock is currently owned by corporate insiders.

More Fastenal News

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Strong third-quarter performance: Fastenal reported higher third-quarter profit, strong daily sales growth, operating-expense leverage, and continued expansion with larger customers. Growth was supported by its Onsite, digital, and supply-chain solutions. Fastenal Company Reports 2026 Third Quarter Earnings
• Positive Sentiment: Analyst price-target increase: Jefferies raised its target for FAST from $52 to $60, signaling increased confidence in the company’s earnings outlook and growth initiatives. Jefferies raises Fastenal stock target
• Positive Sentiment: Quarterly dividend declared: The board approved a $0.26-per-share dividend payable November 25 to shareholders of record October 28. The payout implies $1.04 in annual dividends and a yield of roughly 2%, providing ongoing shareholder support. Fastenal announces cash dividend and share repurchase activity
• Neutral Sentiment: Expectations were elevated: Ahead of the release, analysts anticipated approximately 16.6% sales growth, driven by industrial demand, customer wins, and digital initiatives. The earnings reaction therefore depends on the magnitude of any revenue or profit beat rather than growth alone. Fastenal Q3 earnings preview
• Negative Sentiment: Valuation and cost risks remain: Fastenal trades near its 52-week high at a premium earnings multiple, leaving less room for disappointment. Analysts also flagged continuing cost pressures, which could limit margin expansion despite solid sales momentum.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FAST shares. Morgan Stanley upped their price objective on Fastenal from $48.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 16th. Wolfe Research assumed coverage on shares of Fastenal in a report on Tuesday, September 15th. They issued an "underperform" rating and a $51.00 price objective on the stock. Robert W. Baird set a $54.00 price objective on shares of Fastenal in a research report on Friday, August 7th. William Blair reissued an "outperform" rating on shares of Fastenal in a research note on Friday, September 4th. Finally, Barclays decreased their target price on shares of Fastenal from $47.00 to $46.00 and set an "equal weight" rating for the company in a research report on Thursday, July 16th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $49.92.

Fastenal Company Profile

Fastenal Company is a distributor of industrial and construction supplies serving businesses, contractors, manufacturers and other organizations. Its product offerings include fasteners such as bolts, nuts and screws, as well as safety equipment, tools, cutting tools, material-handling products, electrical and plumbing supplies, and maintenance and repair items.

The company sells products through a network of branch locations, onsite customer facilities, industrial vending machines and digital platforms.

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