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Stock Update: Fastenal Company (NASDAQ:FAST) – Fastenal Company Announces Conference Call to Review 2016 First Quarter Earnings

[GlobeNewswire] – WINONA, Minn., March 25, 2016– Fastenal Company announced the date and time for their conference call to review 2016 first quarter results, as well as current operations. The conference call will be broadcast … Read more on this. Fastenal Company (FAST) , valued at $14.11B, started trading this morning at $48.69. Today, shares have traded between $48.43 and $49.09 per share with a trailing 52-week range being $34.45 to $49.99. FAST shares are currently priced at 26.58x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.06x earnings multiple. The company pays shareholders $1.20 per share in dividend income per year, for a current yield of 2.45%. According to a consensus of 13 analysts, the earnings estimate of $0.44 per share would be $0.01 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.84, which would be a $0.07 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $980.55 Million. If reported, that would be a 2.86% increase over the year-ago quarter. More recently, Sterne Agee CRT Initiated FAST at Neutral (Mar 22, 2016). Previously, Argus Initiated FAST at to Buy. The average price target for FAST shares is $41.25, which is 15.28% below where the stock opened this morning. See more in (NASDAQ:FAST) Similar Articles: Stock Update (NASDAQ:FAST): Fastenal Company Announces Conference Call to Review 2015 Annual and Fourth Quarter Earnings Stock Update (NASDAQ:FAST): Fastenal Company Reports 2015 Third Quarter Earnings Stock Update (NASDAQ:FAST): Fastenal Company Announces Cash Dividend
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