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FAST - Fastenal Company

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Apr 13, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
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    Fastenal Company (FAST) is an American company based in Winona, Minnesota. Distributing goods used by other businesses, it has over 2,600 branches throughout the US, Canada, Mexico and Europe along with 13 distribution centers. Fastenal resells industrial, safety, and construction supplies and offers services including inventory management, manufacturing, and tool repair. Fastenal refers to itself as an industrial supply company, and Reuters calls it an industrial distributor.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Fastenal (FAST) Stock Skids, Q1 Results Short of Expectations

    NEW YORK (TheStreet) --Fastenal Co. (FAST) shares are sliding 3.11% to $45.48 Tuesday after the Winona, MN-based hardware distributor posted its 2016 first quarter results this morning that missed analysts' forecasts.

    Profit for the recent period came in at 44 cents a share, a penny short of Wall Street expectations. A year ago, the company posted earnings of 43 cents a share.

    Sales of $986.7 million were below forecasts of $989 million, but were up 3.5% year-over-year.

    Read full article here: http://www.thestreet.com/story/1352...k-skids-q1-results-short-of-expectations.html
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (7/12/16)
    Earnings: EPS $0.45 Revenue $1.01B
    Estimates: EPS $0.48 Revenue $1.02B

    Down 3.46% today
     
  4. bigbear0083

    bigbear0083 Content Manager
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    FAST reporting ER this Tuesday before the bell

    Here's what analysts are expecting when they report:

    [​IMG]

    [​IMG]

    FAST is down about -3.50% since last reporting on 7/12

    [​IMG]
     
    T0rm3nted likes this.
  5. bigbear0083

    bigbear0083 Content Manager
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    -3% on ER miss

    Fastenal (FAST) Misses Q3 Earnings, Core Business Hurts
    Fastenal Company FAST reported lower-than expected results in the third quarter of 2016, missing estimates for both earnings and sales. Shares declined almost 0.3% in pre-market trading.

    Earnings Miss

    Adjusted earnings of 44 cents per share in the third quarter missed the Zacks Consensus Estimate of 45 cents by 2.2%. Earnings also declined 6.4% year over year due to higher expenses and weak margins.

    (Read More)
     
  6. LloydWCoutee

    LloydWCoutee Active Member

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    $FAST Miss EPS, reducing workforce, and declining gross profit: "Over time are a constant drain on our gross profit"
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Upcoming dividend information:

    Ex-Div-Date
    : 10/21/16
    Payment Date: 11/22/16
    Dividend: $0.30
    Current Price: $38.34
    Annual Yield: 3.13%
     
    bigbear0083 likes this.
  8. Gambit

    Gambit Active Member

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    Fastenal Company early Wednesday posted first quarter earnings results that met analyst expectations, also noting that its monthly sales rose significantly from last year.
    The Winona, MN-based industrial and construction supplies distributor reported Q1 earnings per share (EPS) of $0.46, which was in-line with the Wall Street consensus estimate of $0.46.

    Revenues rose 6.2% from last year to $1.05 billion, slightly topping analysts’ view for $1.04 billion.

    FAST also noted that March monthly sales jumped 8.4% year-over-year, and offered some new details on a recent acquisition it made:
    On March 31, 2017, we acquired certain assets and assumed certain liabilities of Manufacturers Supply Company (Mansco). We funded the cash purchase price for the Mansco acquisition with the proceeds from a new series of senior unsecured promissory notes under our master note agreement. The March 31, 2017 balance sheet and the first quarter of 2017 condensed consolidated statement of cash flows include the impact of this acquisition; however, no income statement impact was recognized given the closing occurred on the last day of the quarter.
     
  9. KyleLennon

    KyleLennon Member

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    Fastenal could face gross margin headwinds as nonfastener sales, national accounts, and on-site programs become a larger part of the firm’s business. Amazon Business could disrupt the industrial distribution industry, taking market share and pressuring margins.
     

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