Q2 Earnings Forecast for Fastenal Issued By Zacks Research

Fastenal Company (NASDAQ:FAST) – Zacks Research reduced their Q2 2026 earnings estimates for Fastenal in a research note issued on Tuesday, July 8th. Zacks Research analyst S. Mukherjee now expects that the company will earn $0.30 per share for the quarter, down from their previous forecast of $0.31. The consensus estimate for Fastenal’s current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Fastenal’s Q3 2026 earnings at $0.31 EPS and FY2027 earnings at $1.30 EPS.

FAST has been the subject of a number of other research reports. Wolfe Research raised shares of Fastenal from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Stephens reissued an “equal weight” rating on shares of Fastenal in a report on Thursday, July 3rd. Morgan Stanley set a $40.00 target price on shares of Fastenal and gave the stock an “equal weight” rating in a report on Thursday, July 3rd. Loop Capital increased their target price on shares of Fastenal from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Stifel Nicolaus set a $82.00 target price on shares of Fastenal in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.45.

Fastenal Stock Down 0.7%

FAST stock opened at $43.27 on Friday. The stock has a market capitalization of $49.64 billion, a P/E ratio of 43.06, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. The company has a current ratio of 4.28, a quick ratio of 2.14 and a debt-to-equity ratio of 0.03. Fastenal has a 12 month low of $32.04 and a 12 month high of $44.00. The firm has a 50-day moving average price of $41.50 and a 200-day moving average price of $39.16.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Friday, April 11th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Fastenal had a net margin of 15.13% and a return on equity of 31.99%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business posted $0.26 earnings per share. Fastenal’s revenue was up 3.4% compared to the same quarter last year.

Institutional Trading of Fastenal

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1248 Management LLC acquired a new stake in Fastenal during the 1st quarter valued at approximately $36,000. Horizon Financial Services LLC grew its position in shares of Fastenal by 5,330.0% during the 1st quarter. Horizon Financial Services LLC now owns 543 shares of the company’s stock worth $42,000 after buying an additional 533 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of Fastenal by 481.9% during 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 period. Zions Bancorporation National Association UT acquired a new stake in shares of Fastenal during the 1st quarter worth approximately $49,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Fastenal during the 1st quarter worth approximately $57,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Buying and Selling at Fastenal

In other Fastenal news, CEO Daniel L. Florness sold 100,000 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $41.06, for a total transaction of $4,106,000.00. Following the completion of the sale, the chief executive officer owned 565,036 shares of the company’s stock, valued at approximately $23,200,378.16. This represents a 15.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Anthony Paul Broersma sold 11,136 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $40.60, for a total transaction of $452,065.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,200 shares of company stock worth $7,895,625. Company insiders own 0.37% of the company’s stock.

Fastenal Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, July 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. Fastenal’s dividend payout ratio is presently 88.00%.

Fastenal Company Profile

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.