Fastenal (FAST) Earns Media Impact Score of 0.10
Media stories about Fastenal (NASDAQ:FAST) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fastenal earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1044711733783 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- DXP Enterprises (DXPE) versus Fastenal (FAST) Head-To-Head Analysis (americanbankingnews.com)
- Goodview food truck owners to open non-truck restaurant (winonadailynews.com)
- Fastenal August Sales Increase 12.8% (mdm.com)
- Fastenal Company (NASDAQ:FAST) Sees Light Trading Volume with 193K Shares Changing Hands (highlightpress.com)
- Focusing on the Technicals for Fastenal Co (FAST) – Wall Street Review (thewallstreetreview.com)
A number of equities analysts have recently weighed in on the company. BidaskClub cut Fastenal from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Fastenal from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Thursday, August 3rd. UBS AG upgraded Fastenal from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 13th. BMO Capital Markets reiterated a “hold” rating and set a $46.00 price target on shares of Fastenal in a report on Monday, August 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $46.00 price target on shares of Fastenal in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $50.33.
Fastenal (NASDAQ:FAST) opened at 42.96 on Tuesday. The stock has a market capitalization of $12.37 billion, a PE ratio of 23.64 and a beta of 0.99. Fastenal has a one year low of $37.70 and a one year high of $52.74. The company’s 50-day moving average price is $42.44 and its 200-day moving average price is $45.30.
Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Wednesday, July 12th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. Fastenal had a return on equity of 26.86% and a net margin of 12.71%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Fastenal will post $1.93 EPS for the current year.
Fastenal announced that its Board of Directors has authorized a stock buyback program on Tuesday, July 11th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, July 26th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Monday, July 24th. Fastenal’s dividend payout ratio (DPR) is presently 70.33%.
In related news, CFO Holden Lewis bought 1,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was bought at an average price of $42.51 per share, with a total value of $42,510.00. Following the completion of the transaction, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at $85,020. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel L. Johnson bought 600 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was bought at an average cost of $42.71 per share, with a total value of $25,626.00. The disclosure for this purchase can be found here. Insiders bought 3,400 shares of company stock valued at $142,960 in the last ninety days. Company insiders own 0.55% of the company’s stock.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.
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