Zacks Research Has Positive Outlook for Fastenal Q2 Earnings

Fastenal Company (NASDAQ:FAST) – Equities researchers at Zacks Research increased their Q2 2026 EPS estimates for Fastenal in a note issued to investors on Monday, November 3rd. Zacks Research analyst Team now expects that the company will post earnings of $0.32 per share for the quarter, up from their prior 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 Q2 2027 earnings at $0.35 EPS.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings results on Monday, October 13th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. Fastenal had a net margin of 15.34% and a return on equity of 32.69%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share.

A number of other research analysts have also recently commented on FAST. Robert W. Baird reduced their price objective on Fastenal from $53.00 to $49.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price target on Fastenal from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Wolfe Research reissued a “positive” rating on shares of Fastenal in a research report on Monday, July 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Fastenal in a research report on Wednesday, October 8th. Finally, Baird R W raised shares of Fastenal from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.50.

Fastenal Stock Performance

NASDAQ:FAST opened at $41.30 on Tuesday. The company has a current ratio of 4.26, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $47.41 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 3.75 and a beta of 0.94. The firm’s fifty day simple moving average is $46.11 and its 200 day simple moving average is $44.40. Fastenal has a twelve month low of $35.31 and a twelve month high of $50.63.

Institutional Investors Weigh In On Fastenal

A number of institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC raised its stake in shares of Fastenal by 12.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 67,800 shares of the company’s stock valued at $3,325,000 after purchasing an additional 7,238 shares in the last quarter. Alta Capital Management LLC raised its stake in Fastenal by 4.6% during the third quarter. Alta Capital Management LLC now owns 81,145 shares of the company’s stock valued at $3,979,000 after buying an additional 3,567 shares in the last quarter. Premier Path Wealth Partners LLC raised its stake in Fastenal by 5.5% during the third quarter. Premier Path Wealth Partners LLC now owns 11,409 shares of the company’s stock valued at $559,000 after buying an additional 593 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Fastenal by 75.6% during the third quarter. Cornerstone Planning Group LLC now owns 1,282 shares of the company’s stock valued at $63,000 after buying an additional 552 shares in the last quarter. Finally, Wallace Hart LLC acquired a new stake in shares of Fastenal during the 3rd quarter valued at approximately $1,022,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insiders Place Their Bets

In other Fastenal news, EVP William Joseph Drazkowski sold 6,842 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $48.67, for a total value of $333,000.14. Following the transaction, the executive vice president directly owned 11,994 shares of the company’s stock, valued at $583,747.98. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffery Michael Watts sold 48,724 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $48.05, for a total transaction of $2,341,188.20. Following the completion of the sale, the insider directly owned 11,880 shares in the company, valued at $570,834. This represents a 80.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 90,178 shares of company stock valued at $4,336,603. Company insiders own 0.37% of the company’s stock.

Fastenal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, October 28th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, October 28th. Fastenal’s dividend payout ratio is presently 82.24%.

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.