Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Fastenal (FAST) Share Price
Headlines about Fastenal (NASDAQ:FAST) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fastenal earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6236978482386 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Are Investors Wary Of Fastenal Company (FAST)? (financialstrend.com)
- Whirling Stocks: The Walt Disney Company (NYSE:DIS), Fastenal Company (NASDAQ:FAST), American Electric Power … – The Stock Street (press release) (thestreetpoint.com)
- $0.45 Earnings Per Share Expected for Fastenal Company (FAST) This Quarter (americanbankingnews.com)
- Shocking Stocks: Boston Scientific Corporation (NYSE:BSX … – The Stock Street (press release) (thestreetpoint.com)
- Why Is Fastenal (FAST) Up 6.9% Since the Last Earnings Report? – Nasdaq (nasdaq.com)
A number of research analysts have issued reports on the stock. BMO Capital Markets restated a “market perform” rating and issued a $51.00 target price (up from $46.00) on shares of Fastenal in a report on Tuesday, October 10th. Northcoast Research reaffirmed a “buy” rating on shares of Fastenal in a research note on Friday, August 4th. Stephens set a $54.00 price objective on shares of Fastenal and gave the company a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of Fastenal from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Fastenal from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Fastenal presently has a consensus rating of “Buy” and a consensus target price of $50.80.
Fastenal (NASDAQ:FAST) traded up $0.10 on Thursday, reaching $47.57. 1,619,000 shares of the company were exchanged, compared to its average volume of 2,833,974. The firm has a market cap of $13,890.00, a P/E ratio of 25.25, a PEG ratio of 1.76 and a beta of 1.06. Fastenal has a 12-month low of $39.79 and a 12-month high of $52.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.45 and a current ratio of 5.36.
Fastenal (NASDAQ:FAST) last posted its earnings results on Wednesday, October 11th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Fastenal had a net margin of 12.73% and a return on equity of 27.28%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. analysts expect that Fastenal will post 1.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, October 25th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, October 24th. Fastenal’s dividend payout ratio (DPR) is presently 68.09%.
In other news, Director Stephen L. Eastman acquired 800 shares of the stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $40.58 per share, with a total value of $32,464.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Leland J. Hein sold 10,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $48.00, for a total transaction of $480,000.00. Following the completion of the sale, the vice president now directly owns 20,258 shares of the company’s stock, valued at approximately $972,384. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,112 shares of company stock valued at $1,444,232. Corporate insiders own 0.55% of the company’s stock.
Fastenal Company Profile
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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