Fastenal (FAST) Announces Quarterly Results, Beats Estimates By $0.01 EPS
Tuesday, July 12, 2021 9:31 AM

Fastenal (FAST) announced its quarterly results on Tuesday. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.01. The company’s quarterly revenue was up 22.8% on a year-over-year basis.

On a related note, analysts at BB&T (NYSE: BBT) downgraded shares of Fastenal from a "buy" rating to a "hold" rating in a research note to investors on Thursday, July 7th. Also, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Fastenal in a research note to investors on Monday, April 25th. They now have a $68.00 price target on the stock.

Shares of Fastenal (FAST) opened at 36.00 on Tuesday. Fastenal (FAST) has a 52 week low of $22.32 and a 52 week high of $34.875. The stock's 50-day moving average is $33.43 and its 200-day moving average is $31.90. The company has a market cap of $10.615 billion and a price-to-earnings ratio of 36.73.

Fastenal Company (Fastenal) sells industrial and construction supplies in a wholesale and retail fashion. As of December 31, 2009, the Company had 2,369 store locations located in the United States, Puerto Rico, Canada, Mexico, Singapore, China, The Netherlands, Hungary, and Malaysia. During the year ended December 31, 2009, the Company operated 14 distribution centers in North America, from which it distributed products to its store and in-plant locations. In addition, Fastenal also operates strategic account stores, strategic account sites, and in-plant site.

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