EPS for Fastenal Company (FAST) Expected At $0.60

March 15, 2018 - By Richard Conner

 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.
Stifel Fincl holds 0.09% of its portfolio in Fastenal Company (NASDAQ:FAST) for 553,220 shares. Greenwich Wealth Management Limited Liability Company holds 0.17% of its portfolio in Fastenal Company (NASDAQ:FAST) for 21,320 shares. Chevy Chase Tru has invested 0.05% in Fastenal Company (NASDAQ:FAST). Moreover, Dudley & Shanley Llc has 4.49% invested in Fastenal Company (NASDAQ:FAST) for 446,125 shares. First Allied Advisory Service holds 0.01% or 5,873 shares. Brown Advisory reported 195,861 shares or 0.03% of all its holdings. Salem Inv Counselors Inc owns 800 shares or 0% of their US portfolio. Srb has invested 0.03% in Fastenal Company (NASDAQ:FAST). 76,983 were accumulated by Korea Corporation. State Street holds 0.05% in Fastenal Company (NASDAQ:FAST) or 11.59 million shares. Ashmore Wealth Mgmt Ltd holds 2.94% or 1.19 million shares. 1.80M are owned by Tcw Group Inc. Morgan Stanley accumulated 1.32M shares. Cornerstone Advsrs Inc accumulated 711 shares. Boston Rech Management reported 1.8% of its portfolio in Fastenal Company (NASDAQ:FAST).

Since October 16, 2017, it had 0 insider buys, and 4 selling transactions for $2.52 million activity. Miller Charles S. also sold $1.48M worth of Fastenal Company (NASDAQ:FAST) shares. Hein LeLand J sold $471,350 worth of stock. 7,500 Fastenal Company (NASDAQ:FAST) shares with value of $424,808 were sold by Drazkowski William Joseph.

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 1.37M 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. The company was maintained on Tuesday, January 19 by Stifel Nicolaus. BMO Capital Markets maintained the shares of FAST in report on Monday, January 8 with “Hold” rating. On Wednesday, April 19 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock has “Hold” rating by BMO Capital Markets on Tuesday, June 6. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) rating on Wednesday, January 17. Stifel Nicolaus has “Hold” rating and $54.0 target. The rating was maintained by Credit Suisse on Tuesday, January 9 with “Buy”. The firm has “Buy” rating by Raymond James given on Wednesday, December 6. The company was downgraded on Friday, April 1 by Stifel Nicolaus. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, March 22. Argus Research downgraded Fastenal Company (NASDAQ:FAST) on Friday, October 14 to “Hold” rating.

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 Faces A Few Favorable Tailwinds Going Forward” on March 09, 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: Potential Long-Term Portfolio Addition” with publication date: March 08, 2018.

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