EPS for Fastenal Company (FAST) Expected At $0.60

March 14, 2018 - By Clifton Ray

 EPS for Fastenal Company (FAST) Expected At $0.60
Investors sentiment increased to 1.3 in 2017 Q3. 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.
Moreover, Parkside Fin Bancshares And Tru has 0.05% invested in Fastenal Company (NASDAQ:FAST). Community Financial Bank Na reported 0.03% in Fastenal Company (NASDAQ:FAST). California Public Employees Retirement Sys has invested 0.04% of its portfolio in Fastenal Company (NASDAQ:FAST). And Invest Mgmt Group Inc Limited invested 0.34% of its portfolio in Fastenal Company (NASDAQ:FAST). Provident Com has invested 1.98% in Fastenal Company (NASDAQ:FAST). D E Shaw & Com Incorporated invested in 1.42 million shares or 0.1% of the stock. Schwab Charles Invest Mgmt Inc invested in 0.06% or 1.46 million shares. Fiera Capital Corporation invested in 6,500 shares or 0% of the stock. Norinchukin Commercial Bank The has invested 0.02% in Fastenal Company (NASDAQ:FAST). Sii Invs Wi has 6,133 shares. Cadence Cap Mngmt Ltd Co reported 33,893 shares. Grand Jean Cap Mngmt has invested 3.53% of its portfolio in Fastenal Company (NASDAQ:FAST). 300 were accumulated by Old Second Bancshares Of Aurora. State Farm Mutual Automobile Insur reported 184,223 shares. Qci Asset Mgmt Ny invested in 325 shares.

Since October 16, 2017, it had 0 insider purchases, and 4 insider sales for $2.52 million activity. The insider Polipnick Gary A. sold $140,793. 10,000 Fastenal Company (NASDAQ:FAST) shares with value of $471,350 were sold by Hein LeLand J. Miller Charles S. sold $1.48 million worth of Fastenal Company (NASDAQ:FAST) on Thursday, January 25.

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 $172.59M giving it 24.07 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 0.09% or $0.05 during the last trading session, reaching $57.76. About 1.59 million shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since March 14, 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 firm earned “Buy” rating on Tuesday, January 9 by Credit Suisse. On Thursday, March 17 the stock rating was maintained by Stifel Nicolaus with “Buy”. Macquarie Research initiated the shares of FAST in report on Friday, August 26 with “Neutral” rating. As per Thursday, July 13, the company rating was maintained by Stifel Nicolaus. On Tuesday, March 6 the stock rating was maintained by Robert W. Baird with “Buy”. The rating was maintained by William Blair on Friday, September 4 with “Hold”. The rating was maintained by Barclays Capital on Monday, October 5 with “Underweight”. As per Monday, January 8, the company rating was maintained by BMO Capital Markets. The rating was initiated by Argus Research with “Buy” on Tuesday, March 8. The firm has “Neutral” rating given on Tuesday, September 15 by Credit Suisse.

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 $16.62 billion. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. It has a 28.76 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 recent Fastenal Company (NASDAQ:FAST) news were published by: Seekingalpha.com which released: “Fastenal: Potential Long-Term Portfolio Addition” on March 08, 2018. Also Zacks.com published the news titled: “Fastenal Company (FAST) Up 4.5% Since Earnings Report: Can It Continue?” on February 16, 2018. Seekingalpha.com‘s news article titled: “Fastenal Faces A Few Favorable Tailwinds Going Forward” with publication date: March 09, 2018 was also an interesting one.

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