Equities Analysts Set Expectations for Fastenal Q3 Earnings

Fastenal (NASDAQ:FAST - Free Report) - Research analysts at Zacks Research raised their Q3 2026 EPS estimates for Fastenal in a report released on Thursday, May 1st. Zacks Research analyst S. Mukherjee now expects that the company will post earnings per share of $0.63 for the quarter, up from their previous forecast of $0.60. The consensus estimate for Fastenal's current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Fastenal's Q1 2027 earnings at $0.62 EPS and FY2027 earnings at $2.61 EPS.

Fastenal (NASDAQ:FAST - Get Free Report) last posted its earnings results on Friday, April 11th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. Fastenal had a return on equity of 32.55% and a net margin of 15.25%. Fastenal's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus lowered their target price on shares of Fastenal from $86.00 to $82.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Robert W. Baird boosted their target price on Fastenal from $80.00 to $86.00 and gave the company a "neutral" rating in a report on Monday, April 14th. William Blair upgraded Fastenal from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. Wolfe Research upgraded shares of Fastenal from an "underperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Finally, Stephens boosted their target price on Fastenal from $75.00 to $80.00 and gave the company an "equal weight" rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Fastenal has an average rating of "Hold" and an average target price of $79.10.

Fastenal Stock Up 0.4 %

Shares of FAST traded up $0.30 during mid-day trading on Friday, reaching $78.80. The company's stock had a trading volume of 1,592,738 shares, compared to its average volume of 3,095,358. The company's 50 day moving average is $77.77 and its 200 day moving average is $77.26. The stock has a market cap of $45.20 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 3.58 and a beta of 1.01. Fastenal has a 12-month low of $61.36 and a 12-month high of $84.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.67 and a quick ratio of 2.28.

Fastenal's stock is going to split before the market opens on Thursday, May 22nd. The 2-1 split was announced on Wednesday, April 23rd. The newly created shares will be payable to shareholders after the closing bell on Wednesday, May 21st.

Fastenal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, April 25th. This is an increase from Fastenal's previous quarterly dividend of $0.43. Fastenal's dividend payout ratio is 87.56%.

Insider Activity at Fastenal

In related news, Director Scott Satterlee sold 9,670 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $79.51, for a total transaction of $768,861.70. Following the sale, the director now owns 25,000 shares in the company, valued at approximately $1,987,750. This trade represents a 27.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anthony Paul Broersma sold 5,568 shares of Fastenal stock in a transaction on Friday, April 25th. The shares were sold at an average price of $81.19, for a total value of $452,065.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,238 shares of company stock valued at $6,546,578. 0.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fastenal

Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of Fastenal by 9.6% during the 1st quarter. LPL Financial LLC now owns 391,932 shares of the company's stock worth $30,394,000 after purchasing an additional 34,443 shares during the period. Empirical Finance LLC grew its stake in Fastenal by 2.3% during the first quarter. Empirical Finance LLC now owns 19,968 shares of the company's stock worth $1,549,000 after buying an additional 450 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Fastenal by 3.5% in the first quarter. Integrated Investment Consultants LLC now owns 5,666 shares of the company's stock worth $439,000 after acquiring an additional 190 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Fastenal by 367.0% in the 1st quarter. HB Wealth Management LLC now owns 54,518 shares of the company's stock valued at $4,228,000 after acquiring an additional 42,844 shares during the period. Finally, Angeles Wealth Management LLC acquired a new position in shares of Fastenal during the 1st quarter valued at $218,000. 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.