What is Zacks Research’s Estimate for Fastenal Q3 Earnings?

Fastenal (NASDAQ:FAST) – Equities researchers at Zacks Research boosted their Q3 2026 EPS estimates for shares of Fastenal in a research note issued to investors on Thursday, May 1st. Zacks Research analyst S. Mukherjee now forecasts that the company will post earnings of $0.63 per share for the quarter, up from their prior forecast of $0.60. The consensus estimate for Fastenal’s current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Fastenal’s Q1 2027 earnings at $0.62 EPS and FY2027 earnings at $2.61 EPS.

Several other brokerages also recently commented on FAST. Stifel Nicolaus lowered their target price on shares of Fastenal from $86.00 to $82.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Stephens increased their price objective on shares of Fastenal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 15th. Wolfe Research upgraded Fastenal from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 3rd. Robert W. Baird upped their target price on Fastenal from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, April 14th. Finally, William Blair upgraded Fastenal from a “market perform” rating to an “outperform” rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $79.10.

Fastenal Stock Up 1.7 %

Shares of NASDAQ:FAST opened at $82.12 on Friday. The stock has a market cap of $47.11 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 3.58 and a beta of 1.01. The business’s 50 day moving average is $77.51 and its 200 day moving average is $77.23. Fastenal has a 12-month low of $61.36 and a 12-month high of $84.88. The company has a quick ratio of 2.28, a current ratio of 4.67 and a debt-to-equity ratio of 0.03.

Fastenal’s stock is going to split on Thursday, May 22nd. The 2-1 split was announced on Wednesday, April 23rd. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, May 21st.

Fastenal (NASDAQ:FAST) last issued its earnings results on Friday, April 11th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Fastenal had a return on equity of 32.55% and a net margin of 15.25%. Fastenal’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS.

Institutional Trading of Fastenal

Institutional investors and hedge funds have recently modified their holdings of the business. Horizon Financial Services LLC increased its position in shares of Fastenal by 5,330.0% in the first quarter. Horizon Financial Services LLC now owns 543 shares of the company’s stock worth $42,000 after purchasing an additional 533 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Fastenal by 481.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 611 shares of the company’s stock worth $44,000 after buying an additional 506 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Fastenal during the 4th quarter valued at $46,000. Whipplewood Advisors LLC purchased a new stake in shares of Fastenal during the 4th quarter valued at $49,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Fastenal during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Insider Activity

In related news, EVP William Joseph Drazkowski sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $81.31, for a total transaction of $1,219,650.00. Following the completion of the transaction, the executive vice president now owns 5,997 shares of the company’s stock, valued at approximately $487,616.07. The trade was a 71.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony Paul Broersma sold 5,568 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $81.19, for a total transaction of $452,065.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,568 shares of company stock worth $5,777,716. 0.37% of the stock is owned by corporate insiders.

Fastenal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be issued a $0.44 dividend. This is a positive change from Fastenal’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, April 25th. Fastenal’s dividend payout ratio (DPR) is presently 87.56%.

About Fastenal

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company’s fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.