The Latest Breaking News from FAST

Fastenal Co (NASDAQ:FAST) reported first-quarter FY22 sales growth of 20.3% year-over-year to $1.70 billion, beating the consensus of $1.68 billion. Fastenal's net daily sales increased 18.4% Y/Y. Gross profit improved by 23.3% to $793.3 million, while the gross margin expanded by 120 bps to 46.6%. The operating income increased by 27.7% Y/Y…

Fastenal (NASDAQ:FAST) is set to give its latest quarterly earnings report on Wednesday, 2022-04-13. Here's what investors need to know before the announcement. Analysts estimate that Fastenal will report an earnings per share (EPS) of $0.44.

The industrial sector is expected to grow significantly in the coming months, driven by strong demand from various industry sectors and increased business spending amid an expected economic recovery and accelerated digital transformation. Given these factors, we think it could be wise to invest in fundamentally strong industrial distribution stocks…

Honest Company Inc (NASDAQ:HNST) has partnered with Fast to deploy the one-click online checkout system on its e-commerce site.  Under the agreement, Honest will be able to provide customers the ability to purchase directly from online articles, display ads, emails, and even QR codes in one step.  Honest plans to work with Fast to…

If history is any guide, there may be trouble ahead for shares of Fastenal (NASDAQ:FAST). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Wells Fargo analyst Michael McGinn upgraded Fastenal Company (NASDAQ: FAST) to Equal Weight from Underweight and raised the price target to $58 (an upside of 5.5%), from $50.

Despite facing a slew of challenges, the manufacturing industry grew last month. And because this trend will likely continue in the near term, we expect industrial distribution stocks Fastenal (FAST) and MSC Industrial Direct (MSM) to rebound soon. So, let’s discuss these names.

Fastenal Co (NASDAQ:FAST) reported fourth-quarter FY21 sales growth of 12.8% year-over-year to $1.53 billion, beating the consensus of $1.51 billion. The company continued to experience robust and economically-driven growth in underlying demand for manufacturing and construction equipment and supplies, which drove higher unit sales. Gross profit improved by 15.2% to $712.9 million, while…

Fastenal (NASDAQ: FAST) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.38 by 5.26 percent. This is a 17.65 percent increase over earnings of $0.34 per share from the same period last year.