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The closing price of Fastenal Co. (NASDAQ: FAST) was $67.51 for the day, up 0.09% from the previous closing price of $67.45. In other words, the price has increased by $0.09 from its previous closing price. On the day, 3.66 million shares were traded. FAST stock price reached its highest trading level at $68.14 during the session, while it also had its lowest trading level at $67.46.
Ratios:
Our analysis of FAST’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 163.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.48. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 17 ’24 when Johnson Daniel L. bought 3,350 shares for $68.38 per share. The transaction valued at 229,056 led to the insider holds 10,595 shares of the business.
Miller Charles S. sold 11,076 shares of FAST for $832,453 on Mar 15 ’24. The SENIOR EXECUTIVE VP now owns 0 shares after completing the transaction at $75.16 per share. On Feb 20 ’24, another insider, Watts Jeffery Michael, who serves as the CHIEF SALES OFFICER of the company, sold 19,420 shares for $70.25 each. As a result, the insider received 1,364,208 and left with 5,940 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 38652649472 and an Enterprise Value of 38864625664. As of this moment, Fastenal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.44, and their Forward P/E ratio for the next fiscal year is 29.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.24 while its Price-to-Book (P/B) ratio in mrq is 11.27. Its current Enterprise Value per Revenue stands at 5.264 whereas that against EBITDA is 22.843.
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 $51.96. The 50-Day Moving Average of the stock is -8.05%, while the 200-Day Moving Average is calculated to be 6.89%.
Shares Statistics:
FAST traded an average of 3.88M shares per day over the past three months and 5001090 shares per day over the past ten days. A total of 571.98M shares are outstanding, with a floating share count of 571.39M. Insiders hold about 0.20% of the company’s shares, while institutions hold 83.97% stake in the company. Shares short for FAST as of 1711584000 were 18752977 with a Short Ratio of 4.84, compared to 1709164800 on 18642595. Therefore, it implies a Short% of Shares Outstanding of 18752977 and a Short% of Float of 3.74.
Dividends & Splits
With its trailing 12-month dividend rate of 1.44, FAST has a forward annual dividend rate of 1.44. Against a Trailing Annual Dividend Yield of 0.021349149The stock’s 5-year Average Dividend Yield is 2.29.
Earnings Estimates
At present, 11.0 analysts are actively evaluating the performance of Fastenal Co. (FAST) in the stock market.On average, analysts expect EPS of $0.53 for the current quarter, with a high estimate of $0.55 and a low estimate of $0.51, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.55, with high estimates of $0.56 and low estimates of $0.53.
Analysts are recommending an EPS of between $2.15 and $2.07 for the fiscal current year, implying an average EPS of $2.11. EPS for the following year is $2.31, with 14.0 analysts recommending between $2.45 and $2.21.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $2B to a low estimate of $1.94B. As of the current estimate, Fastenal Co.’s year-ago sales were $1.89BFor the next quarter, 11 analysts are estimating revenue of $1.99B. There is a high estimate of $2.05B for the next quarter, whereas the lowest estimate is $1.93B.
A total of 13 analysts have provided revenue estimates for FAST’s current fiscal year. The highest revenue estimate was $7.9B, while the lowest revenue estimate was $7.66B, resulting in an average revenue estimate of $7.75B. In the same quarter a year ago, actual revenue was $7.35BBased on 13 analysts’ estimates, the company’s revenue will be $8.39B in the next fiscal year. The high estimate is $8.87B and the low estimate is $8.08B.
