Fastenal Company (FAST) EPS Estimated At $0.50

September 17, 2017 - By Hazel Jackson

 Fastenal Company (FAST) EPS Estimated At $0.50
Investors sentiment increased to 1.2 in 2016 Q4. Its up 0.17, from 1.03 in 2016Q3. It is positive, as 53 investors sold Fastenal Company shares while 178 reduced holdings. 88 funds opened positions while 189 raised stakes. 227.29 million shares or 5.55% more from 215.34 million shares in 2016Q3 were reported.
Shaker Lc Oh accumulated 27,065 shares. Cap City Tru Co Fl owns 21,931 shares for 0.41% of their portfolio. Quantitative Systematic Strategies Ltd Liability owns 9,532 shares. Georgia-based Invesco Limited has invested 0.05% in Fastenal Company (NASDAQ:FAST). Counselors owns 25,440 shares. Capstone Asset Mgmt holds 57,246 shares or 0.08% of its portfolio. Check Mngmt Ca reported 0.1% in Fastenal Company (NASDAQ:FAST). Da Davidson And Co holds 0.23% or 216,547 shares. 24,990 were accumulated by Polen Capital Management Ltd Liability Com. Thrivent Fin For Lutherans owns 10,470 shares or 0% of their US portfolio. Bath Savings Trust holds 0.07% or 4,665 shares. Wexford Capital Lp has invested 0.02% in Fastenal Company (NASDAQ:FAST). Advsr Asset Mgmt stated it has 273,275 shares or 0.21% of all its holdings. Diamond Hill Capital invested 0.15% of its portfolio in Fastenal Company (NASDAQ:FAST). Johnson Inc reported 0.01% of its portfolio in Fastenal Company (NASDAQ:FAST).

Since May 25, 2017, it had 1 buy, and 0 selling transactions for $43,760 activity.

Investors wait Fastenal Company (NASDAQ:FAST) to report on October, 11 before the open. its quarterly earnings Wall Street analysts expect $0.50 earnings per share, up $0.06 or 13.64 % from last year’s $0.44 same quarter earnings. This translates into $143.98M profit for FAST giving the stock a 21.97 P/E. This is assuming the current $0.50 EPS is accurate. Fastenal Company’s Wall Street analysts see -3.85 % negative EPS growth, taking into account the $0.52 EPS reproted in the previous quarter, The stock increased 0.85% or $0.37 on September 15, reaching $43.93. About 3.41 million shares traded or 37.50% up from the average. Fastenal Company (NASDAQ:FAST) has declined 2.09% since September 17, 2016 and is downtrending. It has underperformed by 18.79% the S&P500.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

Among 16 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Fastenal had 42 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Fastenal Company (NASDAQ:FAST) has “Hold” rating given on Thursday, January 19 by Stifel Nicolaus. William Blair maintained the shares of FAST in report on Friday, September 4 with “Hold” rating. Avondale maintained Fastenal Company (NASDAQ:FAST) on Thursday, April 7 with “Market Perform” rating. The firm has “Neutral” rating by Credit Suisse given on Friday, June 17. The stock of Fastenal Company (NASDAQ:FAST) has “Neutral” rating given on Tuesday, September 15 by Credit Suisse. Robert W. Baird downgraded Fastenal Company (NASDAQ:FAST) on Monday, August 24 to “Neutral” rating. BMO Capital Markets maintained the stock with “Hold” rating in Monday, August 21 report. Avondale upgraded Fastenal Company (NASDAQ:FAST) on Thursday, January 12 to “Mkt Outperform” rating. Susquehanna maintained Fastenal Company (NASDAQ:FAST) rating on Thursday, August 27. Susquehanna has “Neutral” rating and $40 target. The stock of Fastenal Company (NASDAQ:FAST) has “Buy” rating given on Friday, June 2 by Stephens.

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The company has market cap of $12.65 billion. The Firm is engaged in fastener distribution, and non-fastener maintenance and supply business. It has a 24.07 P/E ratio. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores.

Another recent and important Fastenal Company (NASDAQ:FAST) news was published by Seekingalpha.com which published an article titled: “Are You FAST Enough To Grab This One?” on August 31, 2017.

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