EPS for Fastenal Company (FAST) Expected At $0.60

March 15, 2018 - By Maria Brooks

 EPS for Fastenal Company (FAST) Expected At $0.60
Investors sentiment increased to 1.3 in Q3 2017. Its up 0.01, from 1.29 in 2017Q2. It improved, as 50 investors sold Fastenal Company shares while 161 reduced holdings. 62 funds opened positions while 213 raised stakes. 234.48 million shares or 1.45% more from 231.14 million shares in 2017Q2 were reported.
Price T Rowe Assoc Md holds 0% or 632,806 shares in its portfolio. Stevens Capital Management L P reported 0.2% stake. Hl Service Limited Liability Corporation, Kentucky-based fund reported 1.81 million shares. Brown Cap Ltd Liability Corporation reported 24,842 shares stake. Sumitomo Mitsui has invested 0.05% in Fastenal Company (NASDAQ:FAST). Bradley Foster Sargent Incorporated Ct holds 0.09% or 51,444 shares in its portfolio. Arcadia Inv Corp Mi reported 72,933 shares. Bamco holds 0.29% or 1.35M shares. Louisiana State Employees Retirement System has invested 0.04% in Fastenal Company (NASDAQ:FAST). Sun Life Fin Incorporated, a Ontario – Canada-based fund reported 2,125 shares. Moreover, Cullinan Assoc Inc has 0.4% invested in Fastenal Company (NASDAQ:FAST) for 114,951 shares. Cetera Advisor has invested 0.01% of its portfolio in Fastenal Company (NASDAQ:FAST). Laffer Investments owns 33,125 shares for 0.4% of their portfolio. Bailard Inc has invested 0.14% in Fastenal Company (NASDAQ:FAST). Bares Mgmt Incorporated reported 3.66 million shares or 7.53% of all its holdings.

Since October 16, 2017, it had 0 insider purchases, and 4 insider sales for $2.52 million activity. The insider Hein LeLand J sold $471,350. The insider Polipnick Gary A. sold 2,634 shares worth $140,793. Drazkowski William Joseph sold $424,808 worth of stock or 7,500 shares.

Analysts expect Fastenal Company (NASDAQ:FAST) to report $0.60 EPS on April, 11.They anticipate $0.14 EPS change or 30.43 % from last quarter’s $0.46 EPS. FAST’s profit would be $172.58 million giving it 23.90 P/E if the $0.60 EPS is correct. After having $0.45 EPS previously, Fastenal Company’s analysts see 33.33 % EPS growth. The stock decreased 0.68% or $0.39 during the last trading session, reaching $57.37. About 1.37 million shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since March 15, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 65 analyst reports since July 21, 2015 according to SRatingsIntel. Sterne Agee CRT initiated the shares of FAST in report on Tuesday, March 22 with “Neutral” rating. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) rating on Thursday, July 13. Stifel Nicolaus has “Hold” rating and $4600 target. Morgan Stanley maintained it with “Equal-Weight” rating and $46 target in Monday, October 2 report. As per Tuesday, January 9, the company rating was maintained by Credit Suisse. Avondale upgraded the shares of FAST in report on Thursday, January 12 to “Mkt Outperform” rating. The stock of Fastenal Company (NASDAQ:FAST) has “Underweight” rating given on Monday, October 5 by Barclays Capital. The stock has “Neutral” rating by Credit Suisse on Friday, June 17. KeyBanc Capital Markets maintained it with “Buy” rating and $52.0 target in Thursday, November 16 report. The rating was maintained by KeyBanc Capital Markets on Wednesday, December 6 with “Buy”. The firm has “Outperform” rating given on Monday, December 5 by William Blair.

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company has market cap of $16.50 billion. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. It has a 28.57 P/E ratio. The companyÂ’s fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and repair of machines and structures.

More important recent Fastenal Company (NASDAQ:FAST) news were published by: Seekingalpha.com which released: “Fastenal: Potential Long-Term Portfolio Addition” on March 08, 2018, also Startribune.com published article titled: “CEO Pay Watch: Fastenal’s Daniel Florness’ pay ratio is likely to be fairest …”, Zacks.com published: “Fastenal Company (FAST) Up 4.5% Since Earnings Report: Can It Continue?” on February 16, 2018. More interesting news about Fastenal Company (NASDAQ:FAST) was released by: Seekingalpha.com and their article: “Fastenal Faces A Few Favorable Tailwinds Going Forward” with publication date: March 09, 2018.

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