7.16% percent quarterly performance for Fastenal Co. (FAST) is not indicative of the underlying story

A new trading day began on November 20, 2023, with Fastenal Co. (NASDAQ: FAST) stock priced at $60.70, up 0.28% from the previous day of trading. During the day, the shares moved up to $61.075 and dropped to $60.31 before settling in for the closing price of $60.75. FAST’s price has ranged from $45.70 to $61.25 over the past 52 weeks.

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During the last 5-year period, the sales growth of Industrials Sector giant was 9.79%. Meanwhile, its annual earnings per share averaged 5.93%. With a float of $570.24 million, this company’s outstanding shares have now reached $570.81 million.

Let’s determine the extent of company efficiency that accounts for 22386 employees. In terms of profitability, gross margin is +43.69, operating margin of +20.82, and the pretax margin is +20.63.

Fastenal Co. (FAST) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Industrial Distribution Industry. The insider ownership of Fastenal Co. is 0.21%, while institutional ownership is 81.53%. The most recent insider transaction that took place on Nov 14, was worth 1,204,128. In this transaction CEO AND PRESIDENT of this company sold 20,000 shares at a rate of $60.21, taking the stock ownership to the 282,929 shares. Before that another transaction happened on Nov 10, when Company’s CAO/CONTROLLER/TREASURER sold 17,296 for $60.01, making the entire transaction worth $1,037,939. This insider now owns 5,096 shares in total.

Fastenal Co. (FAST) Earnings and Forecasts

In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.52 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +15.57 while generating a return on equity of 35.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 5.93% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.33% during the next five years compared to 13.44% growth over the previous five years of trading.

Fastenal Co. (NASDAQ: FAST) Trading Performance Indicators

Here are Fastenal Co.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.78. Likewise, its price to free cash flow for the trailing twelve months is 28.98.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.98, a number that is poised to hit 0.45 in the next quarter and is forecasted to reach 2.13 in one year’s time.

Technical Analysis of Fastenal Co. (FAST)

Looking closely at Fastenal Co. (NASDAQ: FAST), its last 5-days average volume was 2.97 million, which is a drop from its year-to-date volume of 3.26 million. As of the previous 9 days, the stock’s Stochastic %D was 82.98%. Additionally, its Average True Range was 0.98.

During the past 100 days, Fastenal Co.’s (FAST) raw stochastic average was set at 95.55%, which indicates a significant increase from 89.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.23% in the past 14 days, which was lower than the 19.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $57.32, while its 200-day Moving Average is $55.57. However, in the short run, Fastenal Co.’s stock first resistance to watch stands at $61.23. Second resistance stands at $61.53. The third major resistance level sits at $61.99. If the price goes on to break the first support level at $60.46, it is likely to go to the next support level at $60.00. Should the price break the second support level, the third support level stands at $59.70.

Fastenal Co. (NASDAQ: FAST) Key Stats

With a market capitalization of 34.81 billion, the company has a total of 571,413K Shares Outstanding. Currently, annual sales are 6,981 M while annual income is 1,087 M. The company’s previous quarter sales were 1,846 M while its latest quarter income was 295,500 K.


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