Equities Analysts Issue Forecasts for Fastenal Q2 Earnings

Fastenal Company (NASDAQ:FAST - Free Report) - Equities researchers at Zacks Research boosted their Q2 2025 earnings per share estimates for Fastenal in a research report issued on Tuesday, July 8th. Zacks Research analyst S. Mukherjee now anticipates 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 announced its earnings results on Friday, April 11th. The company reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. Fastenal had a return on equity of 31.99% and a net margin of 15.13%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $0.26 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year.

A number of other analysts have also weighed in on the company. Wolfe Research upgraded Fastenal from an "underperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Robert W. Baird set a $86.00 target price on shares of Fastenal in a research report on Thursday, July 3rd. Morgan Stanley set a $40.00 target price on Fastenal and gave the stock an "equal weight" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. boosted their target price on Fastenal from $36.00 to $38.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Finally, Stephens restated an "equal weight" rating on shares of Fastenal in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $48.45.

Fastenal Price Performance

Shares of NASDAQ:FAST traded down $0.20 during midday trading on Thursday, reaching $43.37. The company's stock had a trading volume of 3,479,142 shares, compared to its average volume of 6,571,636. Fastenal has a fifty-two week low of $32.04 and a fifty-two week high of $44.00. The company has a market capitalization of $49.75 billion, a P/E ratio of 43.15, 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. The business's fifty day simple moving average is $41.45 and its 200-day simple moving average is $39.12.

Institutional Investors Weigh In On Fastenal

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Garde Capital Inc. boosted its position in Fastenal by 4,900.0% during the second quarter. Garde Capital Inc. now owns 750 shares of the company's stock worth $32,000 after purchasing an additional 735 shares during the period. 1248 Management LLC acquired a new position in shares of Fastenal in the first quarter valued at $36,000. Horizon Financial Services LLC increased its holdings in shares of Fastenal by 5,330.0% in the first quarter. Horizon Financial Services LLC now owns 543 shares of the company's stock valued at $42,000 after purchasing an additional 533 shares during the last quarter. Carderock Capital Management Inc. acquired a new position in shares of Fastenal in the second quarter valued at $42,000. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Fastenal by 481.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 611 shares of the company's stock valued at $44,000 after purchasing an additional 506 shares during the last quarter. Institutional investors own 81.38% of the company's stock.

Insider Transactions at Fastenal

In other news, EVP William Joseph Drazkowski sold 30,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $40.66, for a total transaction of $1,219,650.00. Following the sale, the executive vice president owned 11,994 shares in the company, valued at $487,616.07. This represents a 71.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Daniel L. Florness sold 100,000 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer owned 565,036 shares in the company, valued at approximately $23,200,378.16. This represents a 15.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,200 shares of company stock worth $7,895,625. Corporate insiders own 0.37% 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.