Zacks Research Has Positive Outlook of Fastenal Q2 Earnings

Fastenal Company (NASDAQ:FAST - Free Report) - Research analysts at Zacks Research upped their Q2 2025 EPS estimates for Fastenal in a research note issued to investors on Tuesday, July 8th. Zacks Research analyst S. Mukherjee now anticipates that the company will post earnings of $0.28 per share for the quarter, up from their prior 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.

A number of other equities analysts have also recently weighed in on FAST. Stephens reissued an "equal weight" rating on shares of Fastenal in a research note on Thursday, July 3rd. Stifel Nicolaus set a $82.00 target price on Fastenal in a research note on Thursday, July 3rd. Wolfe Research raised Fastenal from an "underperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Loop Capital boosted their price target on Fastenal from $40.00 to $45.00 and gave the company a "hold" rating in a research note on Tuesday. Finally, Robert W. Baird set a $86.00 price target on Fastenal in a research note on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $48.45.

Fastenal Price Performance

Shares of Fastenal stock opened at $43.40 on Thursday. The company has a current ratio of 4.28, a quick ratio of 2.14 and a debt-to-equity ratio of 0.03. The company's 50-day moving average price is $41.39 and its two-hundred day moving average price is $39.08. Fastenal has a 52 week low of $31.26 and a 52 week high of $43.49. The stock has a market cap of $49.79 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 3.97 and a beta of 0.96.

Fastenal (NASDAQ:FAST - Get Free Report) last issued 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 net margin of 15.13% and a return on equity of 31.99%. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the business earned $0.26 earnings per share. Fastenal's revenue for the quarter was up 3.4% compared to the same quarter last year.

Insider Transactions at Fastenal

In other Fastenal news, CEO Daniel L. Florness sold 100,000 shares of the stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $41.06, for a total value of $4,106,000.00. Following the transaction, the chief executive officer owned 565,036 shares of the company's stock, valued at approximately $23,200,378.16. This represents a 15.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Scott Satterlee sold 19,340 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $39.76, for a total value of $768,861.70. Following the sale, the director directly owned 50,000 shares in the company, valued at approximately $1,987,750. This represents a 27.89% 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. Corporate insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On Fastenal

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Fastenal by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 73,317,271 shares of the company's stock valued at $5,685,754,000 after buying an additional 1,016,479 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Fastenal by 8.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,615,915 shares of the company's stock valued at $1,753,864,000 after acquiring an additional 1,850,871 shares during the period. Geode Capital Management LLC grew its holdings in shares of Fastenal by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 16,918,464 shares of the company's stock worth $1,214,002,000 after purchasing an additional 234,713 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Fastenal by 1.7% during the 1st quarter. Baird Financial Group Inc. now owns 8,418,765 shares of the company's stock worth $652,875,000 after purchasing an additional 142,972 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Fastenal by 15.2% during the fourth quarter. Northern Trust Corp now owns 7,322,739 shares of the company's stock worth $526,578,000 after buying an additional 966,629 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.

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.

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