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Stock Update (NASDAQ:FAST): Fastenal Company Announces Conference Call to Review 2015 Annual and Fourth Quarter Earnings

[GlobeNewswire] – WINONA, Minn., Jan. 04, 2016– Fastenal Company announced the date and time for their conference call to review 2015 annual and fourth quarter results, as well as current operations. The conference call … Read more on this. Fastenal Company (FAST) , with a current market cap of $11.64B, opened this morning at $40.24. Looking at the equity, the company’s one day range is $39.54 to $40.24 with a one year range of $34.45 to $48.34. Fastenal (FAST) shares are currently priced at 22.93x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.43x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.12 per share annually in dividends, yielding 2.74%. According to a consensus of 13 analysts, the earnings estimate of $0.40 per share would be $0.00 worse than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.78 is a $0.12 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $921.80 Million. If reported, that would be a 0.48% decrease over the year-ago quarter. Recently, Robert W. Baird downgraded FAST from Outperform to Neutral (Aug 24, 2015). Previously, KeyBanc Capital Mkts Initiated FAST at to Sector Weight. The average price target for FAST shares by the analysts covering the stock is $38.40, which is 4.57% below where the stock opened this morning. See more in (NASDAQ:FAST) Similar Articles: Stock Update (NASDAQ:FAST): Fastenal Company Reports 2015 Third Quarter Earnings Company Update (NASDAQ:FAST): Fastenal Company Announces Conference Call to Review 2015 Third Quarter Earnings Market Update: Fastenal Company (NASDAQ:FAST) – Fastenal Company Reports 2015 Second Quarter Earnings
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