Fastenal (NASDAQ:FAST) posted its earnings results on Monday. The company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42, MarketWatch Earnings reports. Fastenal had a return on equity of 30.76% and a net margin of 15.24%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis.
Shares of NASDAQ:FAST traded up $0.40 during trading on Wednesday, hitting $54.23. The company’s stock had a trading volume of 86,837 shares, compared to its average volume of 3,109,163. Fastenal has a fifty-two week low of $42.57 and a fifty-two week high of $56.39. The business has a 50 day moving average price of $54.15 and a two-hundred day moving average price of $53.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.12 and a current ratio of 4.16. The company has a market capitalization of $31.17 billion, a PE ratio of 35.82, a P/E/G ratio of 3.83 and a beta of 1.28.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 23rd. Shareholders of record on Tuesday, October 26th will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, October 25th. This represents a $1.12 dividend on an annualized basis and a yield of 2.07%. Fastenal’s dividend payout ratio (DPR) is presently 75.17%.
In related news, Director Daniel L. Johnson purchased 1,000 shares of Fastenal stock in a transaction on Wednesday, August 4th. The shares were bought at an average price of $55.48 per share, with a total value of $55,480.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Charles S. Miller sold 35,141 shares of Fastenal stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $55.10, for a total transaction of $1,936,269.10. The disclosure for this sale can be found here. Over the last quarter, insiders bought 2,265 shares of company stock worth $123,014 and sold 142,089 shares worth $7,910,739. 0.56% of the stock is currently owned by company insiders.
Fastenal Co engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting.
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