In the latest session, Fastenal Co. (NASDAQ: FAST) closed at $69.88 down -6.50% from its previous closing price of $74.74. In other words, the price has decreased by -$4.86 from its previous closing price. On the day, 11051350 shares were traded.
Ratios:
For a deeper understanding of Fastenal Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 168.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.62. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 4.83. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, HSBC Securities on September 15, 2023, initiated with a Hold rating and assigned the stock a target price of $59.
On July 13, 2023, Stephens Downgraded its rating to Equal-Weight which previously was Overweight but kept the price unchanged to $60.
On April 04, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $61.Stifel initiated its Buy rating on April 04, 2023, with a $61 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 15 ’24 when Miller Charles S. sold 11,076 shares for $75.16 per share. The transaction valued at 832,453 led to the insider holds 0 shares of the business.
Watts Jeffery Michael sold 19,420 shares of FAST for $1,364,208 on Feb 20 ’24. The CHIEF SALES OFFICER now owns 5,940 shares after completing the transaction at $70.25 per share. On Feb 06 ’24, another insider, Broersma Anthony Paul, who serves as the EVP-OPERATIONS of the company, sold 5,586 shares for $69.34 each. As a result, the insider received 387,306 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FAST now has a Market Capitalization of 40.01B and an Enterprise Value of 40.32B. As of this moment, Fastenal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.59, and their Forward P/E ratio for the next fiscal year is 30.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.42 while its Price-to-Book (P/B) ratio in mrq is 11.67. Its current Enterprise Value per Revenue stands at 5.49 whereas that against EBITDA is 23.58.
Stock Price History:
Over the past 52 weeks, FAST has reached a high of $79.04, while it has fallen to a 52-week low of $49.99. The 50-Day Moving Average of the stock is 73.56, while the 200-Day Moving Average is calculated to be 62.99.
Shares Statistics:
For the past three months, FAST has traded an average of 4.00M shares per day and 4.47M over the past ten days. A total of 571.98M shares are outstanding, with a floating share count of 571.27M. Insiders hold about 0.20% of the company’s shares, while institutions hold 83.98% stake in the company. Shares short for FAST as of Mar 28, 2024 were 18.75M with a Short Ratio of 4.69, compared to 18.64M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.28% and a Short% of Float of 3.74%.
Dividends & Splits
According to the company, the forward annual dividend rate for FAST is 1.44, from 1.44 in the trailing year. Against a Trailing Annual Dividend Yield of 1.93%, it implies a Forward Annual Dividend Yield of 2.23%. The stock’s 5-year Average Dividend Yield is 2.29. The current Payout Ratio is 69.45% for FAST, which recently paid a dividend on Feb 29, 2024 with an ex-dividend date of Jan 31, 2024. Stock splits for the company last occurred on May 23, 2019 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 12 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.53 for the current quarter, with a high estimate of $0.54 and a low estimate of $0.52, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.56, with high estimates of $0.58 and low estimates of $0.54.
Analysts are recommending an EPS of between $2.25 and $2.1 for the fiscal current year, implying an average EPS of $2.16. EPS for the following year is $2.36, with 17 analysts recommending between $2.6 and $2.25.
Revenue Estimates
A total of 11 analysts believe the company’s revenue will be $1.91B this quarter.It ranges from a high estimate of $1.92B to a low estimate of $1.9B. As of the current estimate, Fastenal Co.’s year-ago sales were $1.86B, an estimated increase of 2.90% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $2B, an increase of 5.70% over than the figure of $2.90% in the same quarter last year. There is a high estimate of $2.06B for the next quarter, whereas the lowest estimate is $1.97B.
A total of 15 analysts have provided revenue estimates for FAST’s current fiscal year. The highest revenue estimate was $8.14B, while the lowest revenue estimate was $7.7B, resulting in an average revenue estimate of $7.85B. In the same quarter a year ago, actual revenue was $7.35B, up 6.80% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $8.49B in the next fiscal year. The high estimate is $9.26B and the low estimate is $8.12B. The average revenue growth estimate for next year is up 8.10% from the average revenue estimate for this year.
