What is Zacks Research's Estimate for Fastenal Q2 Earnings?

Key Points

• Fastenal's Q2 2026 earnings per share estimate has been raised by Zacks Research from $0.30 to $0.31, with full-year earnings consensus at $2.15 per share.
• JPMorgan Chase & Co. and Robert W. Baird increased their price targets for Fastenal, with Baird setting a target of $47.00, while the average target among analysts is $45.64.
• Fastenal reported a net margin of 15.30% for the last quarter, with a revenue increase of 8.6% year-over-year, amounting to $2.08 billion.

Fastenal Company (NASDAQ:FAST - Free Report) - Zacks Research upped their Q2 2026 earnings estimates for shares of Fastenal in a research report issued to clients and investors on Thursday, July 31st. Zacks Research analyst S. Mukherjee now expects that the company will earn $0.31 per share for the quarter, up from their prior forecast of $0.30. The consensus estimate for Fastenal's current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Fastenal's Q3 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.30 EPS and FY2027 earnings at $1.35 EPS.

A number of other research firms also recently issued reports on FAST. Robert W. Baird raised their price target on shares of Fastenal from $43.00 to $47.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Stephens increased their price target on Fastenal from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Morgan Stanley set a $40.00 price objective on Fastenal and gave the company an "equal weight" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. increased their target price on Fastenal from $38.00 to $41.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Finally, Wolfe Research restated a "positive" rating on shares of Fastenal in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $45.64.

Fastenal Stock Performance

Shares of NASDAQ FAST traded up $1.34 during trading on Monday, reaching $46.78. The stock had a trading volume of 6,308,000 shares, compared to its average volume of 6,679,628. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.12 and a current ratio of 4.22. The stock has a market cap of $53.69 billion, a PE ratio of 44.98, a P/E/G ratio of 4.13 and a beta of 0.95. Fastenal has a one year low of $32.04 and a one year high of $48.10. The firm's 50 day moving average price is $43.45 and its two-hundred day moving average price is $40.33.

Fastenal (NASDAQ:FAST - Get Free Report) last announced its quarterly earnings data on Monday, July 14th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Fastenal had a return on equity of 32.33% and a net margin of 15.30%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company earned $0.25 earnings per share. Fastenal's quarterly revenue was up 8.6% on a year-over-year basis.

Hedge Funds Weigh In On Fastenal

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Fastenal by 87.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 34,851,036 shares of the company's stock worth $1,463,743,000 after buying an additional 16,308,254 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Fastenal by 103.5% in the second quarter. Envestnet Asset Management Inc. now owns 9,734,500 shares of the company's stock worth $408,849,000 after acquiring an additional 4,950,503 shares in the last quarter. Cantillon Capital Management LLC raised its holdings in shares of Fastenal by 94.4% during the second quarter. Cantillon Capital Management LLC now owns 9,298,033 shares of the company's stock valued at $390,517,000 after acquiring an additional 4,513,985 shares during the period. Blair William & Co. IL lifted its position in shares of Fastenal by 107.2% in the 2nd quarter. Blair William & Co. IL now owns 6,822,973 shares of the company's stock valued at $286,565,000 after acquiring an additional 3,530,339 shares in the last quarter. Finally, Provident Trust Co. boosted its stake in Fastenal by 98.9% in the 2nd quarter. Provident Trust Co. now owns 5,379,291 shares of the company's stock worth $225,930,000 after purchasing an additional 2,674,765 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Sheryl Ann Lisowski sold 21,052 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $45.21, for a total transaction of $951,760.92. Following the completion of the sale, the chief financial officer directly owned 10,192 shares in the company, valued at approximately $460,780.32. This trade represents a 67.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Lewis Soderberg sold 32,724 shares of Fastenal stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $41.23, for a total transaction of $1,349,046.90. The disclosure for this sale can be found here. Company insiders own 0.37% of the company's stock.

Fastenal Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, July 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, July 29th. This represents a $0.88 annualized dividend and a yield of 1.9%. Fastenal's dividend payout ratio (DPR) is currently 84.62%.

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.