Fastenal Co (NASDAQ: FAST) has reported earnings for its second fiscal quarter (ending June 30) of $0.51 versus $0.52 for the same period a year ago — a decline of -2%. This result fell short of the consensus estimate of $0.51 by $-0.00. For the latest four quarters through June 30, E.P.S. were $2.02 versus $1.97 for the same period a year ago — an increase of 3%.
Recent Price Action
On 7/12/24, Fastenal Co (NASDAQ: FAST) stock increased 2.0%, closing at $65.44. Moreover, this advance was accompanied by exceptionally high trading volume at 217% of normal. The stock has performed in line with the market over the last nine months and has risen 4.4% during the last week.
Current PriceTarget Research Rating
FAST’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Fastenal has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fastenal has a very low Appreciation Score of 14 but a neutral Power Rating of 60, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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