Fastenal (FAST) Beats on EPS, Misses Revenue

Fastenal Company (FAST) shares are up 1.70% to $40.70 in pre-market trading Tuesday after the company reported its first quarter earnings results.

The maker of industrial and construction fasteners reported earnings of $0.43 per share on revenues of $953.30 million, up 8.8% from $876.50 a year ago. Analysts were expecting EPS of $0.42 on revenues of $960.54 million. Net earnings came in at $127.60 million, a 14% increase from $111.93 million from the corresponding period in 2014.

On valuation measures, Fastenal Co. shares, which currently have an average 3-month trading volume of 3.77 million shares, trade at a trailing-12 P/E of 24.11, a forward P/E of 19.33 and a P/E to growth ratio of 1.46. The median Wall Street price target on the name is $44.50 with a high target of $51.00. Currently ticker boasts 2 ‘Buy’ endorsements, compared to 10 ’Holds’ and 1 ‘Sell’.

Profitability-wise, FAST has a t-12 profit and operating margin of 13.24% and 21.07%, respectively. The $11.84 billion market cap company reported $120.79 million in cash in its most recent quarter.

FAST currently prints a one year loss of 19.31% and a year-to-date loss of around 15.34%.

Fastenal Co. engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company was founded in 1967 and is headquartered in Winona, Minnesota.

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