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

Fastenal Company (NASDAQ:FAST - Free Report) - Investment analysts at Zacks Research boosted their Q2 2025 earnings per share estimates for shares of Fastenal in a note issued to investors on Tuesday, July 8th. Zacks Research analyst S. Mukherjee now forecasts that the company will earn $0.28 per share for the quarter, up from their previous forecast of $0.28. The consensus estimate for Fastenal's current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Fastenal's FY2025 earnings at $1.09 EPS, Q1 2026 earnings at $0.29 EPS and Q4 2026 earnings at $0.28 EPS.

Fastenal (NASDAQ:FAST - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Fastenal had a return on equity of 31.99% and a net margin of 15.13%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $0.26 EPS. The business's revenue for the quarter was up 3.4% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Morgan Stanley set a $40.00 target price on Fastenal and gave the stock an "equal weight" rating in a research note on Thursday, July 3rd. Wolfe Research raised Fastenal from an "underperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Stephens restated an "equal weight" rating on shares of Fastenal in a report on Thursday, July 3rd. Loop Capital lifted their target price on shares of Fastenal from $40.00 to $45.00 and gave the stock a "hold" rating in a research note on Tuesday. Finally, Stifel Nicolaus set a $82.00 target price on shares of Fastenal in a research report on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $48.45.

Fastenal Stock Up 0.4%

Shares of FAST stock traded up $0.16 during mid-day trading on Thursday, hitting $43.56. 6,152,062 shares of the stock traded hands, compared to its average volume of 6,027,584. The stock's fifty day moving average is $41.39 and its two-hundred day moving average is $39.08. The stock has a market cap of $49.97 billion, a P/E ratio of 43.34, a P/E/G ratio of 4.02 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.28 and a quick ratio of 2.14. Fastenal has a 52-week low of $32.00 and a 52-week high of $43.99.

Institutional Trading of Fastenal

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Fastenal during the fourth quarter worth $496,000. Assetmark Inc. lifted its position in Fastenal by 16.9% during the 4th quarter. Assetmark Inc. now owns 5,037 shares of the company's stock worth $362,000 after buying an additional 730 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Fastenal during the 4th quarter worth about $409,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Fastenal by 0.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 200,751 shares of the company's stock valued at $14,436,000 after acquiring an additional 1,481 shares in the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Fastenal by 6.2% in the fourth quarter. Independent Advisor Alliance now owns 19,980 shares of the company's stock valued at $1,437,000 after acquiring an additional 1,158 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.

Insider Activity at Fastenal

In related news, CEO Daniel L. Florness sold 100,000 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $41.06, for a total value of $4,106,000.00. Following the transaction, the chief executive officer directly owned 565,036 shares in the company, valued at $23,200,378.16. This represents a 15.04% 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 William Joseph Drazkowski sold 30,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $40.66, for a total transaction of $1,219,650.00. Following the completion of the sale, the executive vice president directly owned 11,994 shares of the company's stock, valued at $487,616.07. The trade was a 71.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,200 shares of company stock valued at $7,895,625. 0.37% of the stock is currently owned by company insiders.

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.