Fastenal Company (FAST) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Fastenal Company (FAST) announced its most recent quarterly financial results on Tuesday, Oct-11-2016. FAST reported $0.44 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.45. The company posted revenue of $1013.10 million in the period, compared to analysts expectations of $1012.46 million. FAST’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Fastenal Company. Macquarie Initiated Fastenal Company on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $50.

Fastenal Company closed down -0.43 points or -1.01% at $42.3 with 28,87,736 shares getting traded on Friday. Post opening the session at $42.49, the shares hit an intraday low of $42.14 and an intraday high of $42.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 13, 2016, Michael J Ancius (director) purchased 600 shares at $41.00 per share price. According to the SEC, on Mar 3, 2016, Sheryl Ann Lisowski (Interim CFO/CAO/Controller) sold 5,000 shares at $46.69 per share price. On Mar 3, 2016, James C Jansen (Executive Vice President) sold 25,000 shares at $46.50 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

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