Fastenal (FAST) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.46 per share a year ago.
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us'), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the year and quarter ended December 31, 2024. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. Throughout this document, percentage and dollar calculations, which are b.
For Fastenal's fourth quarter, Wall Street is looking for earnings per share of 48 cents from sales of $1.8 billion.
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') reported its board of directors declared a dividend of $0.43 per share to be paid in cash on February 28, 2025 to shareholders of record at the close of business on January 31, 2025. Except for share and per share information, dollar amounts are stated in millions. We began paying annual dividends in 1991, semi-annual dividends in 2003, and then expand.
FAST's Q4 results are likely to reflect manufacturing growth, albeit at a slow pace, with a strong digital strategy and a balanced onsite/offsite mix. Yet, soft industrial markets are concerning.
Fastenal Company FAST will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025.
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Get a deeper insight into the potential performance of Fastenal (FAST) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Fastenal Company FAST will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025.
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') announced the date and time for its conference call to review 2024 annual and fourth quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Friday, January 17, 2025 at 9:00 a.m. central time. To access the call, please visit the following Web address: Click Here Our.
Fastenal has a robust dividend growth history, increasing dividends for 25 consecutive years, and a strong long-term track record of revenue and earnings growth. Shares are currently overvalued, trading at nearly 36 times 2024 earnings estimates, above the historical average, posing a risk to strong returns. I rate Fastenal as a hold, awaiting a valuation closer to my target range of 28 to 30 times earnings for a more attractive entry point.
FAST's average daily sales increase year over year, backed by strong trends across the total Manufacturing end market.