At the time of writing, Fastenal Co. [FAST] stock is trading at $73.00, up 1.14%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FAST shares have gain 3.93% over the last week, with a monthly amount glided 5.48%, and seem to be holding up well over a long-time horizon.
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On 18, January 2024, Fastenal Company Reports 2023 Annual and Fourth Quarter Earnings. In a post published today on Yahoo Finance, Fastenal Company (Nasdaq:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter and year ended December 31, 2023. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. Throughout this document, percentage and dollar calculations, which are based on non-rounded dollar values, may not be able to be recalculated using the dollar values included in this document due to the rounding of those dollar values. References to daily sales rate (DSR) change may reflect either growth (positive) or contraction (negative) for the applicable period.
From an analyst’s perspective:
Fastenal Co. [NASDAQ: FAST] stock has seen the most recent analyst activity on September 15, 2023, when HSBC Securities initiated its Hold rating and assigned the stock a price target of $59. Previously, Stephens downgraded its rating to Equal-Weight on July 13, 2023, and kept the price target unchanged to $60. On April 04, 2023, Stifel initiated with a Buy rating and assigned a price target of $61 on the stock. Robert W. Baird downgraded its rating to a Neutral but $48 remained the price target by the analyst firm on July 14, 2022. Wells Fargo upgraded its rating to Equal Weight for this stock on March 08, 2022, and upped its price target to $58. In a note dated October 08, 2021, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $50 to $45.
For the past year, the stock price of Fastenal Co. fluctuated between $49.99 and $72.60. Currently, Wall Street analysts expect the stock to reach $54.6 within the next 12 months. Fastenal Co. [NASDAQ: FAST] shares were valued at $73.00 at the most recent close of the market. An investor can expect a potential drop of -25.21% based on the average FAST price forecast.
Analyzing the FAST fundamentals
According to Fastenal Co. [NASDAQ:FAST], the company’s sales were 7.35B for trailing twelve months, which represents an 3.72% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 72.26 points at the first support level, and at 71.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.46, and for the 2nd resistance point, it is at 73.93.
Fastenal Co. [FAST] reported earnings per share of $0.46 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.01 and a surprise factor of 2.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.52 per share as compared to estimates of $0.5 per share, a difference of $0.02 representing a surprise of 4.00%.
Ratios To Look Out For
It is important to note that Fastenal Co. [NASDAQ:FAST] has a current ratio of 4.57. In addition, the Quick Ratio stands at 2.27 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 5.69, the price to book ratio is 12.47 and price to earnings (TTM) ratio is 36.22.
Transactions by insiders
Recent insider trading involved Watts Jeffery Michael, CHIEF SALES OFFICER, that happened on Feb 20 when 19420.0 shares were sold. EVP-OPERATIONS, Broersma Anthony Paul completed a deal on Feb 06 to sell 5586.0 shares. Meanwhile, EXECUTIVE VICE-PRESIDENT Drazkowski William Joseph sold 11968.0 shares on Jan 25.
