Fastenal Company (FAST) EPS Estimated At $0.60

March 14, 2018 - By Nellie Frank

 Fastenal Company (FAST) EPS Estimated At $0.60
Investors sentiment increased to 1.3 in Q3 2017. Its up 0.01, from 1.29 in 2017Q2. It is positive, 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.
Eaton Vance Mgmt reported 109,227 shares or 0.01% of all its holdings. Yorktown Mgmt & Company stated it has 25,000 shares. Us Bancorp De holds 0.08% in Fastenal Company (NASDAQ:FAST) or 515,533 shares. Shaker Investments Oh has invested 1.41% in Fastenal Company (NASDAQ:FAST). Chevy Chase Tru Inc invested in 0.05% or 257,685 shares. Advisory Service Networks Ltd Liability Co has invested 0.02% in Fastenal Company (NASDAQ:FAST). Community Tru And Invest Co accumulated 0.07% or 14,700 shares. Homrich And Berg owns 21,808 shares or 0.08% of their US portfolio. Cetera Advisor Network Limited Com accumulated 6,555 shares. Leavell Mgmt owns 0.07% invested in Fastenal Company (NASDAQ:FAST) for 12,500 shares. Next Gp Inc reported 220 shares stake. Wealthtrust stated it has 0.01% in Fastenal Company (NASDAQ:FAST). Pub Sector Pension Invest Board holds 0.01% or 31,881 shares in its portfolio. Engineers Gate Manager Ltd Partnership reported 0.2% stake. Old Mutual Customised Solutions (Proprietary) Limited reported 0.06% 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. had sold 26,250 shares worth $1.48M on Thursday, January 25. Polipnick Gary A. had sold 2,634 shares worth $140,793. $471,350 worth of Fastenal Company (NASDAQ:FAST) was sold by Hein LeLand J on Monday, October 16.

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 has “Buy” rating given on Tuesday, January 9 by Credit Suisse. Susquehanna maintained it with “Hold” rating and $52.0 target in Friday, January 12 report. As per Friday, August 26, the company rating was initiated by Macquarie Research. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, July 21. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) on Wednesday, October 14 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, September 15 by Credit Suisse. As per Friday, March 2, the company rating was maintained by Northcoast. On Friday, October 14 the stock rating was downgraded by Argus Research to “Hold”. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, November 16. Robert W. Baird downgraded Fastenal Company (NASDAQ:FAST) rating on Monday, August 24. Robert W. Baird has “Neutral” rating and $44 target.

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: which released: “Fastenal Faces A Few Favorable Tailwinds Going Forward” on March 09, 2018. Also published the news titled: “Fastenal: Potential Long-Term Portfolio Addition” on March 08, 2018.‘s news article titled: “Fastenal Company (FAST) Up 4.5% Since Earnings Report: Can It Continue?” with publication date: February 16, 2018 was also an interesting one.

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