Fastenal Company (FAST) Releases Earnings Results, Reports EPS of $0.44 EPS

Fastenal Company (FAST) reported quarterly earnings results on Tuesday, Apr-12-2016. The company reported $0.44 EPS for the quarter. Analysts had a consensus estimate of $0.44. The company posted revenue of $986.70 million in the period, compared to analysts expectations of $988.57 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Fastenal Company. Company shares were Reiterated by Barclays on Apr 8, 2016 to “Underweight”, Firm has raised the Price Target to $ 38 from a previous price target of $29 .Fastenal Company was Downgraded by Stifel to ” Hold” on Apr 1, 2016. Fastenal Company was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016.

Fastenal Company closed down -0.19 points or -0.40% at $46.94 with 37,99,940 shares getting traded on Monday. Post opening the session at $47.31, the shares hit an intraday low of $46.8 and an intraday high of $47.615 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 3, 2016, Sheryl Ann Lisowski (Interim CFO/CAO/Controller) sold 5,000 shares at $46.69 per share price. According to the SEC, on Mar 3, 2016, James C Jansen (Executive Vice President) sold 25,000 shares at $46.50 per share price. On Mar 1, 2016, Daniel L Florness (CEO and President) sold 80,000 shares at $45.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Fastenal Company sells industrial and construction supplies to end-users (business-to-business) and also has some walk-in retail business. The Company’s product offerings include fasteners and other industrial and construction supplies many of which are sold under the Fastenal product name. The Company’s product line which it refers to as the fastener product line consists of two categories: threaded fasteners such as bolts nuts screws studs and related washers and miscellaneous supplies and hardware such as various pins and machinery keys concrete anchors metal framing systems wire rope strut rivets and related accessories. The Company’s product line includes fasteners cutting tools tools hydraulics and pneumatics material handling janitorial supplies electrical supplies welding supplies safety supplies metals direct ship and office supplies. It operates approximately 14 distribution centers in North America.

Fastenal Company

Leave a Reply

Fastenal Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Fastenal Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.