Fastenal's Q3 Earnings Meet Estimates, Sales Miss, Stock Up [Yahoo! Finance]
Fastenal Company (FAST)
Last fastenal company earnings: 4/14 06:50 am
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US:NASDAQ Investor Relations:
investor.fastenal.com
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Source: Yahoo! Finance
Fastenal Company FAST reported mixed third-quarter 2024 results, with earnings meeting the Zacks Consensus Estimate and net sales missing the same. On a year-over-year basis, the top line rose while the bottom line remained flat. The quarterly results reflect increased unit sales driven by the growth of larger customers, Onsite locations opened in the last two years, and a stable pricing environment. The uptick was partially offset by Hurricane Helene causing disruptions to operations and logistics within the company's Southeast and Atlantic Coastal regions, and foreign exchange risks. The margins were impacted by an unfavorable customer and product mix, higher import duties mainly related to Mexico, and lower supplier rebates as weaker demand resulted in lower product purchases. Furthermore, increases in employee and occupancy-related expenses adversely impacted the bottom-line growth. FAST stock gained 4.4% in the pre-market trading session on Friday, after the results' annou
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FAST
News
- Fastenal (NASDAQ: FAST) is now covered by analysts at UBS Group AG. They set a "neutral" rating on the stock.MarketBeat
- Fastenal Names New Executive Vice President of Strategy and CommunicationsBusiness Wire
- Fastenal (NASDAQ: FAST) had its price target raised by analysts at Morgan Stanley from $72.00 to $76.00. They now have an "equal weight" rating on the stock.MarketBeat
- Fastenal (NASDAQ: FAST) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $86.00 price target on the stock, up previously from $80.00.MarketBeat
- Fastenal (NASDAQ: FAST) had its price target raised by analysts at Robert W. Baird from $67.00 to $80.00. They now have a "neutral" rating on the stock.MarketBeat
FAST
Earnings
- 10/11/24 - In-Line
FAST
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 4
- 11/13/24 - Form 144
- FAST's page on the SEC website