Earnings Preview: Fastenal Company Reports Thursday

Fastenal Company  

Who They Are:
Fastenal Company sells industrial and construction supplies grouped into eleven product lines. The traditional Fastenal? product line consists of threaded fasteners and other miscellaneous supplies. The Company also sells, in its other ten product lines, tools, metal cutting tool blades and blade resharpening services, fluid transfer components and accessories for hydraulic and pneumatic power, material handling and storage products, janitorial and paper products, electrical supplies, welding supplies, safety supplies, and raw materials. The company was founded in 1967 and is headquartered in Winona, Minnesota. Fastenal Company trades an average of 1.8 million shares per day with a marketcap of $12.2 Billion.

52 Week High: $54.65
52 Week Low: $29.47
Book Value: $5.20
Float Short: 5.20%
Price To Book: 7.92

Fastenal is anticipated to report good second quarter earnings before the market opens on July 12, 2012. The consensus estimate is currently 37 cents a share, an improvement of 5 cents (13.5 percent) from 32 cents during the same period last year.

Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell should be made at this point. Right now, FAST has 0 "buy" recommendation out of 8 analysts covering the company, 7 "holds", and 1 recommend "selling". The stock has appreciated 13 percent in the last year, and the average analyst target price for FAST is $40.75.

 The trailing twelve month price-to-earnings ratio is 32, the mean fiscal year estimate price-to-earnings ratio is 29.03, based on earnings of $1.42 per share this year. Investors are receiving 68 cents in dividends for a yield of 1.65 percent.

In the last month the stock has climbed 4.37%.

The company has rising revenue year-over-year of $2.27 billion last fiscal year compared to $1.93 billion in the previous year. The bottom line has rising earnings year-over-year of $265.35 million last fiscal year compared to $184.35 million in the previous year.

Float Short: 5.20%

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Robert Weinstein Google+